From minority to majority: India

Article Abstract:

Rao finally won a victory in a motion to implement his economic policies. Bharatiya Janata Party members opposed him but still supported deregulation and greater flexibility for private industry. This development is critical to future relations with the World Bank and the International Monetary Fund.

Economic aspects, Bharatiya Janata Party (India)

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The next frontier: Indian finance

Article Abstract:

Banking law reforms being carried out by the Narasimha Rao administration could greatly increase the profitability of India's financial institutions. Foreign banks exempt from India's draconian banking laws have long been able to capitalize on India's very high savings rate.

Banking industry, Finance, Banking law

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