South Asia Monitor: Indian Industry: Growing Pains - December 1, 1998
December 1, 1998
The previous issue of the South Asia Monitor provided an overview of the Indian economy. This issue will focus on three key sectors: industry, the financial sector, and agriculture. The three sectors, while seemingly unrelated, are key to India's future.
Indian industry is undergoing unprecedented change as a result of the deregulation process begun in 1991, the recent downturn in the domestic economy, and the crisis in Asia. Established industries are being challenged and new ones are emerging.