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India’s Economic Reforms 1991-2001 
by Vijay Joshi and I.M.D. Little.
Oxford, 288 pp., £25, September 1996, 0 19 829078 0
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... India’s macroeconomic fortunes from the early Sixties to the early Nineties, Vijay Joshi and Ian Little argued that until the beginning of the Eighties, its macroeconomic management had been good.† In the face of severe shocks, such as droughts and the oil price rises of the Seventies, India avoided high inflation and serious industrial recessions, and did ...

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