Capitalism, Markets and Market Liberalization in India
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The successful policies used by capitalist countries like United States of America is often implemented by developing countries like India to achieve the same level of economic growth in the particular sector. The policies which are adopted are implemented after a very careful market research in India. In terms of wealth and manpower, India does have the capabilities to implement those policies successfully. But even in the favorable environment, the difference in the way the policies affect the market is very large. India could not match the growth attained by the capitalist state with the same policy. This paper will analyze for the factors that leads to inefficiencies in the growth from adopting the policy that was successful in countries like United States of America. To be more specific, the paper will analyze the liberalization policies adopted in the financial sector in India.
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