英语论文网

tandards. Moreover, due to financial restraints the majority of local firms may not be able to meet the expense of importing new technology and services in order to improve productivity and efficiency. In addition, research conducted by Balakrishnan, Pushpangandan and Babu (2000) emphasised that during the trade liberalisation era, the reduction in import tariffs have not improved the performance of local firms. Moreover, there still exist a small number of sectors that suffered heavy losses due to the policy changes, which was mainly due to regional disparities amongst states. More detailed discussion based on the issues surrounding the strengths and weaknesses of import liberalisation and exports is provided throughout the report, and covered extensively within the literature review.

The opening chapter of this dissertation will provide a review of the economic development in Indian. The second chapter will give an assessment of the dominance of the 'license Raj' in Indian economy. The third chapter will be based on the criticisms of industrial licensing era. The fourth chapter will review the history of trade liberalisation in India. The fifth chapter is based on challenges of trade liberalisation. The fifth chapter will provide a review of tariff rate policies in India. The sixth chapter discusses the strengths and weaknesses of the New Economic Policy (NEP). The eight chapter will be based on the rationale for trade and development. The ninth chapter provides a critical literature review based on trade liberalisation. The tenth chapter will provide an analysis of the selected economic variables. The twelfth chapter will cover the empirical analysis of the data series. And finally, the last chapter provides an overall conclusion for the project. Additionally, Appendix A will provide the results of the econometric tests, and Appendix B provides the data tables.

Review of Economic Development in India

This section of the report will examine the timeline of key economical and political events that took place after India had gained its independence. The basis for choosing to study the economy post independence was because prior to this the economy was under colonial rule, hence the government did not have any control over policies and reforms that would help improve the economy.

In 1947 India finally gained freedom from British Empire which was major breakthrough for the national government and the citizens of the country. In addition, it also paved the way for the government to draw up much needed plans that would help kick start the troubled domestic economy. One of the first propositions made by the Indian government was in early 1950s, when they had decided to pursue a five year plan based on import substitution process. The main aims of this strategy were to protect domestic producers from international competition and also help the growth of infant industries. Moreover, all the reforms and policies were under the strict supervision of the government and were accompanied by bureaucratic red tape, which made it almost impossible for multinational companies to engage in foreign direct investment due to the high entry barriers to trade. Additionally, the complex structure of government also proved to be a major 本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。