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economists. On page 4, the authors argue that 'economic arguments do not seem to
explain either pace of reform or the areas of progress and neglect. Political
explanation is required'.
9.
Rob Jenkins, Democratic Politics and Economic Reform in India (Cambridge:
Cambridge University Press 1999) pp.172-207.
10.
Ibid. p.4.
11.
Ashutosh Varshney, 'Mass Politics or Elite Politics? India's Economic Reforms in
Comparative Perspective', in Jeffrey D.Sachs, Ashutosh Varshney and Nirupam
Bajpai (eds.), India in the Era of Economic Reforms (New Delhi: Oxford
University Press 1999) pp.249-57.
12.
Vijay Joshi and I.M.D.Little, India's Economic Reforms 1991-2001 (Oxford:
Oxford University Press 1996) p.249.
13.
Stephen Haggard and Robert R.Kaufman (eds.), The Politics of Economic
Adjustment. (Princeton: Princeton University Press 1992); John Williamson and
Stephen Haggard, 'The Political Conditions for Economic Reform', in John
Williamson (ed.), The Political Economy of Policy Reform (Washington DC:
Institute for International Economics 1994).
14.
See John P.Lewis, 'The Economy' in Marshall M.Bouton (ed.), India Briefing,
1987 (Boulder, CO: Westview Press 1987) pp.90-92 for a discussion of the
Seventh Five-Year Plan.
15.
Walter Tayoler, 'End of Gandhi's Honeymoon' US News and World Report, 15
Sept. 1986.
16.
Gene Kramer, 'World Bank says India, Philippines, Sri Lanka, Bangladesh Worst
Off', Associated Press 20 Sept. 1990.
17.
Deena Khatkhate, 'India on an Economic Reform Trajectory', in Leonard
A.Gordon and Philip Oldenburg (eds.) India Briefing, 1992 (Boulder: Westview
Press 1992).
18.
'Ministry of Disinvestment Annual Report 2000-2001', Government of India,
2001.
19.
'India: Recent Economic Developments and Selected Issues', Washington DC,
International Monetary Fund, 2001.
20.
Ministry of Disinvestment, Government of India, Annual Report 2000-2001, 2001.
Chapter 2 of the report, which discusses the rationale for the public sector, is
available at: <www.divest.nic.in/annureport/chapter2.htm>.
21.
The first figure is taken from the Ministry of Disinvestment, Government of India,
'Disinvestment in States', which is available online at: <www.divest.nic.in/
disistates4.htm>. The second figure comes from data assembled by the Institute of
Public Enterprise, Hyderabad, India, and was quoted in the report of a project
funded by the United Nations Development Project, 'Corporate Management:
Restructuring Selected Public Sector Units'. The third, and largest estimate is
contained in Ram Kumar Mishra, 'Competitiveness of Public Sector in India'
(Birmingham: International Association of Schools and Institutes of Administration
1999). The UNDP report suggests that some of the reasons for the wide variation in
data are due to the divergent ways that states count and measure their SLPEs. For
example, some states do not count the state electricity boards as SLPEs due to their
status as statutory corporations, while other states do include their electricity
boards and other such units in the list of SLPEs. See Ram Kumar Mishra,
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