Economic reforms and trade performance: private corporate sector in India
Abstract
Since 1991-92, India has undertaken widespread policy reforms in order to integrate its
economy with the rest of the world. In this fact-finding study, the balance-sheet data
of 557 private sector companies are considered with several ratios and indicators of
performance and trade behaviour. The companies are divided into exporting
and non-exporting groups. On the whole, exporting companies are found to be performing
much better than non-exporting ones. The policy reforms have, however, helped the
latter to improve their margins, though they have been pushed to the lower
end of the domestic markets.
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