THE IMPACT OF GATT AND NEW ECONOMY POLICY ON INDIAN AGRICULTURE

Book Details

• Author: Y. V. Krishna Rao

• ISBN: 81700720610

• Edition: February 1997

• Multiple Book Set: No

About the Book
In this work, Y. V. Krishna Rao examines the sweeping policy reforms introduced by Sri P.V. Narasimha Rao after he assumed power in July 1991. These reforms, collectively known as the New Economic Policy, led to significant changes in India’s economy, particularly through liberalisation, privatisation, and globalisation. Rao's policies opened the country’s doors to multinational companies, encouraging foreign investments and the infusion of technology. Export trade, including agricultural trade, was globalised, creating new opportunities and challenges for Indian industries.

The book explores the far-reaching consequences of these reforms, which marked a transformative period in India's economic history. With the introduction of the New Economic Policy, there was a dramatic shift in the nation’s economic landscape, fundamentally altering the way industries, businesses, and trade operated within India. Rao's reforms laid the foundation for a more open and globally integrated economy, setting India on a path of rapid economic growth and increased international competitiveness.