Sk. Kaushik, INDIA EVOLVING ECONOMIC-MODEL - A PERSPECTIVE ON ECONOMIC AND FINANCIAL REFORMS, The American journal of economics and sociology, 56(1), 1997, pp. 69-84
Over the course of the past 50 years, India has developed as a stable
economy. Economic policies of the Indian government have guided and sh
aped India into a mired economy. Political stability has been a signif
icant factor in this process. The United States and European economic
and political systems had a significant impact on evolution of India's
economic model. Financial and economic reforms since 1991 have accele
rated the pace of change toward an open market economy both in its int
ernal operations and in its linkages with the global markets. India's
economic future is now promising as it moves forward on its unique pat
h of economic policy.