Abstract
India and its South Asian neighbours are caught in a rising tide of political unrest. This tide frequently washes over international frontiers as a result of migration induced by economic or security factors, cross-border activities on the part of militant groups, the spread of weapons between countries and the highly lucrative trade in drugs. It is adversely affecting relations between regional countries and creating a region of chronic instability. It is also turning away investment and retarding economic development. The issue we need to explore in the context of India’s rise to power is whether such problems are amenable to an early solution, or whether they are likely to continue to act as a restraint on India’s development as a regional power.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsPreview
Unable to display preview. Download preview PDF.
Endnotes
Government of India, Ministry of Finance, Economic Reforms Two Years After and the Task Ahead (Discussion Paper), New Delhi, 1993, p. 27.
Budget speech of Finance Minister Monmohan Singh, as reported in full in The Hindustan Times, 28 February 1993, p. 11.
‘Fiscal legerdemain’, Business India, 15–28 March 1993, p. 50.
‘Fiscal legerdemain’.
A.K. Battacharya, ‘Actual budget deficit to double’. Economic Times, 10 January 1994.
‘Indian firms can raise $5bn in 6 months, says banker’, Economic Times, 21 December 1993.
Government of India, Planning Commission, Eighth Five Year Plan, 1992–97, Vol. I, New Delhi, 1992, Preface, pp. ii-iv.
Planning Commission, Eighth Five Year Plan, pp. v-vu.
Author information
Authors and Affiliations
Copyright information
© 1995 Sandy Gordon
About this chapter
Cite this chapter
Gordon, S. (1995). Breaking the Vicious Circle. In: India’s Rise to Power. Palgrave Macmillan, London. https://doi.org/10.1057/9780230371804_10
Download citation
DOI: https://doi.org/10.1057/9780230371804_10
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-39404-3
Online ISBN: 978-0-230-37180-4
eBook Packages: Palgrave Political & Intern. Studies CollectionPolitical Science and International Studies (R0)