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Article Abstract:
India continues to refuse foreign investment in Indian newspapers, but change may be coming. Nehru instituted the policy in 1955 as a means of promoting self-reliance and national security. The development of satellite television has since rendered those rationales moot. Moreover, India permits foreign investment in television programming and foreign book publishers to operate in India. However, the Cabinet Committee on Foreign Investment has called for a review of media industry developments but without setting a timetable.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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Indians and cowboys; businessmen query India's free-market reforms
Article Abstract:
Rising sentiment by industrialists in India to impose curbs on foreign capital to stem the influence of multinational corporations threatens to slow the pace of economic reform. Director-general of the Confederation of Indian Industry Tarun Das published a paper in Mar 1996 criticizing multinationals for taking a 'cowboy approach' towards creating and breaking partnerships with Indian companies. Tightening conditions for foreign capital could slow the liberalization process in India when it needs further reforms.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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Speed up
Article Abstract:
India's new United Front coalition government inherited a slowing economy and is committed to realizing an annual gross domestic product (GDP) growth of over 7% through 2006. Some economists believe that the estimated 6.2% GDP growth figure will be revised downward for the fiscal year ending Mar 31, 1996. The previous government headed by the Congress Party instituted a tight monetary policy to bring down double-digit rates of inflation in 1995.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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