INDIA STRUCTURAL ADJUSTMENT - AN ASSESSMENT IN COMPARATIVE ASIAN CONTEXT

This paper attempts a reasoned assessment of whether the package of ec onomic reforms currently being implemented in India has any relation t o the strategies that have allowed for the apparent economic success o f other eastern and south-eastern Asian countries. After identifying t he important elements of the adjustment strategies followed in some of these countries with particular reference to some key areas of econom ic policy, the divergence of these strategies from the standard 'liber alising' or 'market driven' model of structural adjustment are discuss ed. A discussion of the Indian experience against this background foll ows.