5951. India's Slow Conversion to Market Economics
- Author:
- Joydeep Mukherji
- Publication Date:
- 11-2002
- Content Type:
- Working Paper
- Institution:
- Center for the Advanced Study of India
- Abstract:
- According to the Bible, Saul of Tarsus converted almost instantly to Christianity on the road to Damascus. Subsequently, he neither ate nor drank for three days. The conversion of the world's second largest country, India, to a new way of life based on free markets and private enterprise will not be so rapid or disruptive. Nevertheless, India's conversion to market economics will, like Saul's, be thorough and deep. It will increasingly affect all of us in the global village, in which Indians constitute 17% of the inhabitants.
- Topic:
- Economics and Industrial Policy
- Political Geography:
- South Asia and India