Talk:Economic liberalisation in India

Orphaned references in Economic liberalization in India

I check pages listed in Category:Pages with incorrect ref formatting to try to fix reference errors. One of the things I do is look for content for orphaned references in wikilinked articles. I have found content for some of Economic liberalization in India's orphans, the problem is that I found more than one version. I can't determine which (if any) is correct for this article, so I am asking for a sentient editor to look it over and copy the correct ref content into this article.

Reference named "makar":

• From Corruption in India: Eugene M. Makar (2007). An American's Guide to Doing Business in India.
• From Licence Raj: Eugene M. Makar (2007). An American's Guide to Doing Business in India. ISBN 1598692119.

I apologize if any of the above are effectively identical; I am just a simple computer program, so I can't determine whether minor differences are significant or not. AnomieBOT⚡ 14:16, 3 April 2009 (UTC)

Renaming

Shouldn't this article be renamed to economic liberalisation in India.......? --Rsrikanth05 (talk) 13:10, 19 April 2009 (UTC)

Good one — Preceding unsigned comment added by 117.199.64.103 (talk) 10:15, 8 June 2011 (UTC)

New Lead Section

I have composed a new lead section. Suggestions, comments welcome.

The economic liberalisation in India refers to the ongoing economic reforms in India that aim to dismantle the economic interventions that had been put in place previously as part of the country's development strategy since independence. The reforms allow greater role for market factors and private investment in resource allocation. The reforms have been credited with accelerating India's economic growth since the early 1990s.

A majority of the reforms occurred in July 1991 when the government announced policy changes that marked a decisive break with the policies of the past. In a short period the government devalued the currency, allowed greater foreign investment, slashed tariffs, deregulated several domestic markets, and privatized several public enterprises. Some of these reforms were required as conditions for an IMF loan that the country was negotiating in order to stave of a balance-of-payments crisis. Some people consider the reforms as an imposition of the IMF, while others believe that the reforms reflected a consensus that had been building among policymakers and the IMF loan merely provided an impetus for action. The 1991 reforms have stayed in place despite the change of ruling parties, each of whom have furthered the economic liberalization, though the pace of further reforms has been gradual. --1980na (talk) 21:32, 3 August 2014 (UTC)

@1980na:, please add new messages to the bottom of the page and sign your posts with four tildes (~~~~). --Rsrikanth05 (talk) 21:05, 3 August 2014 (UTC)

Some proposals to improve the article

• Remove the duplication of information for eg. it is repeated in multiple sections that the reforms took place in response to the 1991 crisis
• Correct the over-generalizations. For e.g. "After Independence in 1947, India adhered to socialist policies." A more correct statement would be: India adhered to a mixed economy with a heavy role for the public sector
• Update old information. For e.g. "The new incoming government of Dr. Manmohan Singh in 2004..." and "The A T Kearney study is putting India second most likely destination for FDI in 2005"
• The organization of the content needs to be improved. Some information needs to removed from the lead section and added to other sections.
• The long OECD quote needs to be summarized rather than copied here verbatim.
• New sections need to be added for "1991 balance of payments crisis" and "Criticisms of reforms"
• Sources need to be cited for a lot of the information
• Make the POV more neutral ][WP:NPOV]] e.g. "Most of the economic reforms were forced upon India as a part of the IMF bailout." should be changed to "Some of the reforms were a condition of an IMF loan that the country was negotiating."

I am going to be working on some of these improvements in coming days. Let me know if you have further suggestions/comments. --1980na (talk) 21:59, 3 August 2014 (UTC)

Feel free, go ahead, Be Bold and make the changes. Let me know if you need help with finding sources or grammar. --Rsrikanth05 (talk) 23:54, 3 August 2014 (UTC)

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McKinsey Quarterly

Forgive my lack of competence in posting or conducting such a discussion, but I have a concern about the first paragraph, the sentence that states that McKinsey Quarterly has recommended that liberalisation continue apace, with a reference attached. This seems strange to me. While very respected and elite, McKinsey Quarterly, published by McKinsey & Co, (a corporate consulting firm), is a strong proponent of liberalisation and privatlisation across the globe: if McKinsley considers the issue of free trade and liberalisation, it will always be in favour of it, regardless of the country in question. It would be akin to saying that Raytheon (if they had an academic quarterly) was in favour of a continued increase in military spending in the United States ,or that Coca-Cola is against a soda tax. These may seem specious comparisons but it just seems redundant (global consulting firm likes free trade) while also implying that an impartial (if such a thing exists) source has evaluated the effects and conduct of the liberalisation regime and decided that it is beneficial. Surely plenty such articles exist, but the mention of this one seems vaguely misleading (for the reader, I'm not implying it was added to the article with an intent to mislead or confuse), especially as it caps off the introductory paragraph. In effect it's saying "elite publication supports the policies you are about to read about" without mentioning that said publication essentially exists to propagate those policies and is published by a company that depends on the proliferation of those ideas. Just a thought.

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