Industry and Trade Liberalisation-Performance of Motor Vehicles and Electronics Industries, 1981-91

Performance of Motor Vehicles and Electronics Industries, 1981-91 D Narayana K J Joseph The entire premise of structural reform is that the micro units, viz. the firms, will respond to the stimuli of the macro environment Given that the gradual opening up of the Indian economy can be traced to the late seventies and the early eighties, this process has been at work for over 10 years, which is not a short period. How have the firms responded to the policy changes? Can we learn some lessons from the experience of the last 10 years? This paper seeks to address these issues with specific reference to the motor vehicles and electronics industries.