Liberalization of Financial Markets in India

Paper Summary:

This paper will take a detailed look at liberalization in India's investment sector. It will uncover what types of liberalizations have already taken place, and take a look at those that are presently being considered. The fundamental argument that will be woven through the paper is that the Indian government should be reticent about proceeding with further reforms until those that have already been implemented start to take effect. Moreover, without the requisite degree of political cohesion there is scarcely any point trying to take a diluted middle ground approach. India needs to reflect on what it has accomplished before it can divine the future. This is an objective approach, and one that all sides should be able to agree on.

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