1. Now for the hard part.
- Subjects
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INTERNATIONAL economic relations , *FOREIGN investments , *ECONOMIC development , *ECONOMIC expansion ,INDIAN economy, 1947- ,DEVELOPING countries commerce - Abstract
This article discusses the history of business in India. For years India languished under a mixed economy that seemed to blend the worst of socialist planning with the least productive forms of private-sector competition. In 1991, faced with an external-payments crisis, Manmohan Singh, the country's finance minister, began to open up the economy. Increasing numbers of highly skilled, low-cost professionals have made India one of the world's most sought after countries for corporate development.
- Published
- 2006