Overview

In the wake of unprecedented external payment crisis of 1991, India has witnessed wide-ranging economic reforms encompassing various sectors of the economy. A critical ingredient of the reform process has been the gradual opening up of India's external sector. The trade regime has been significantly liberalised with the abolition of quantitative restrictions and reduction in tariff rates. Non-debt creating flows are being encouraged. Against this backdrop and in recognition of the growing importance of the external sector in driving the economy, this book is focused on the developments of India's external sector since 1991. It examines developments in the following segments of India's external sector: foreign trade, export-import policy, tariff policy, current account management, capital account dynamics, foreign exchange reserves, exchange rate policies, external debt and aid, foreign direct investment and foreign portfolio investment.

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Dr. Niti Bhasin is presently Associate Professor in the Department of Commerce, Delhi School of Economics (DSE), University of Delhi, Delhi. A gold medallist in the M.Com. examination of 2000 of University of Delhi, she holds M.Phil. and Ph.D. degrees from the Department of Commerce, University of Delhi. She has published research papers in refereed academic journals including Multinational Business Review (Emerald), Journal of International Trade and Economic Development (Taylor and Francis), and Global Business Review (Sage). Dr. Bhasin has attended and presented papers at various national and international conferences/seminars including the World Finance Conference, Rio de Janeiro (Brazil); Henley Business School, London (UK); and Mahidol University, Bangkok (Thailand). She is the recipient of Best Business Academic of the Year Award (2011) by Indian Commerce Association. Before joining the Department of Commerce, Delhi School of Economics, she taught for about 4 years at Shri Ram College of Commerce (SRCC), University of Delhi. Her areas of specialisation include international business, foreign investment, finance and taxation.

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