This report analyzes the industrial and trade policies that would help assure a smooth transition from the highly protected industrial environment of the past, to a more open environment in which competitive forces have a much greater role in shaping investment, output and pricing decisions. After surveying recent economic developments and analyzing progress and problems in domestic resource mobilization, the report examines the past framework of domestic regulatory policies and incentives for industrial development, the impact of these policies on industrial structure and performance, the recent changes in industrial policies, and extensions of these measures that would accelerate the transition. As domestic regulatory policies have been closely linked to external trade policies, the report examines ways in which trade policies have protected domestic industry, the effects of this protection on manufacturing performance, and the measures which could be taken over time to restore a greater degree of competition. The report concludes that reforms of domestic and external regulatory policies would need to be made simultaneously over the medium term to effect a successful transition to a more competitive, efficient and faster growing industrial sector.
Details
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Document Date
1987/05/06
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Document Type
Pre-2003 Economic or Sector Report
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Report Number
6633
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Volume No
3
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2010/07/01
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Doc Name
India - An industrializing economy in transition
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Keywords
gross domestic product;Agriculture;Real estate;primary sector;external trade policy;degree of competition;international financial statistic;domestic regulatory policies;domestic resource mobilization;extent of coverage;per capita consumption;monetary policy instrument;transport and energy;savings and investment;Trade Policies;statistical appendix;Electricity;voluntary basis;secondary level;concessional assistance;science course;domestic industry;Industrial Policy;Industrial Policies;industrial structure;liberalization process;population figures;foreign trade;irrigated area;commercial banking;capital account;price decision;money supply;competitive force;export market;market price;industrial environment;achievement rate;industrial sector;subsequent years;floating rate;pill cycle;Crop;Mining;Manufacturing;
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Citation
India - An industrializing economy in transition (Vol. 3) (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/637761468751134694/India-An-industrializing-economy-in-transition