The author surveys the main steps taken in the field of Industrial Licensing, Foreign Investment and Foreign technology. The author concludes that in the future India is likely to continue on this path of structural reform and expect to turn the corner within the next few months and to resume rapid growth in about a year. However, the growth process will be resumed under considerably improved legal and administrative framework. The Government will concentrate on its essential areas of operation - infrastructure, defence and social justice and macro-economic management. (Editor’s abstract.)



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