Describes the efforts of the Indian Prime Minister PV Narasimha Rao to deregulate and open up the Indian economy in the early 1990s. Focuses on the challenges he faced, as reflected in the poor showing of the ruling Congress party in state elections in December 1994, and raises the question: why is it so difficult economic change in India? What are the obstacles to reform Rao? What is the likelihood that he will succeed? It contains a brief history of economic, political and social development of India, since it gained independence in 1947. "Hide
by George C. Lodge, Anu Bhasin Source: Harvard Business School 22 pages. Publication Date: February 22, 1995. Prod. #: 795119-PDF-ENG
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