Investing in India [Hardcover]

The reforms initiated in 1991 have transformed India's economy and capital market. The book offers a comprehensive evaluation of developments in both sectors from an investor's viewpoint. The potential growth of India's stockmarket is examined as the country progresses with its economic liberalisation. The insights offered into investing in India can be profitably applied by seasoned investors as well as by non-professionals. This exclusive analysis of the Indian market will be of interest to students and policy makers as much as to anyone interested in investing in one of the major markets to have emerged from its seclusion and opened itself up to global investors.India Today: Facts and Figures PART 1: THE LONG PATH TO ECONOMIC LIBERALISATION Introduction Historical Background 1947-1991 Reasons for Failure of India's Mixed Economic Policy Laying the Foundations: Recent Economic Developments 1991-1996 PART 2: THE MACRO-ECONOMIC STORY: ACHIEVEMENTS AND FAILURES Trade, Current Account Balance and External Debt Analysis of Government Expenditure and Revenues Inflation, Interest Rates and Money Supply Management of the Exchange Rate and Foreign Exchange Reserves PART 3: HOW IS INVESTMENT TO BE FINANCED? India's Gross Domestic Savings: Private Savings and Public Savings Foreign Savings: The Role of FDI, FII, Country Funds, Venture Capital Funds PART 4: THE CHALLENGES AHEAD Improving the Infrastructure Investment in the Social Sectors Agriculture Management of India's Natural Resources and Environmental Issues Industrial Policy and Development PART 5: CONCLUSION: ATTRACTIVENESS OF INDIA AS AN INVESTMENTSHANTA ACHARYA began her investment management career with Morgan Stanley Asset Management in London in 1985. She was the Asia Pacific manager for Swiss Bank Corporation Portfolio Management International prior to joining Baring Asset Management in 1992 where she was the senior manager for South Asia.