{"id":4157,"date":"2020-02-19T18:52:53","date_gmt":"2020-02-20T00:52:53","guid":{"rendered":"https:\/\/trends.ufm.edu\/en\/?post_type=newsletter&#038;p=4157"},"modified":"2020-02-19T18:52:53","modified_gmt":"2020-02-20T00:52:53","slug":"india-2020","status":"publish","type":"newsletter","link":"https:\/\/trends.ufm.edu\/en\/report\/india-2020\/","title":{"rendered":"The Failure of Industrial Policy: India as a Case Study"},"content":{"rendered":"<h3>Contents<\/h3>\n<ul>\n<li>Historical context<\/li>\n<li>Policies in 1991<\/li>\n<li>Economic implications<\/li>\n<li>Effects of the liberation of India<\/li>\n<li>Conclusions<\/li>\n<\/ul>\n<h3>Author<\/h3>\n<ul>\n<li><strong>Salvador Amaya Malin<br \/><\/strong>Salvador Amaya has a degree in economics from Francisco Marroqu\u00edn University. He has a specialization in data science and works as a risk analyst, implementing comprehensive management and risk control systems within the financial sector. In the past, he has been part of the Henry Hazlitt Center faculty and is currently continuing to work on the authoring of economic reports and essays that promote the dissemination of liberal ideas.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>In this report, we study the 1991 liberalization of the Indian economy. We look at India\u2019s socialist roots and how these suffocated economic growth and led India to a crisis that forced it to change its policies to allow international trade and investment and national capitalization and entrepreneurship. Then we consider how this type of policy should improve economic performance in theory, and we compare this with the concrete improvements in GDP per capita and in other important areas of the economy. Finally, we use the synthetic-control method to compare India\u2019s performance with a synthetic version of India that did not liberalize. We conclude that these liberal policies can be credited for Indian income being 25.19 percent higher in 2001 than it would have been without liberalization.<\/p>\n","protected":false},"author":503,"featured_media":4201,"menu_order":0,"template":"","meta":{"anio":"2020","mes":"February","id_estadisticas":"stat-india-2020","newsletter_link":"https:\/\/trends.ufm.edu\/en\/wp-content\/uploads\/2020\/02\/india-2020-ufm-market-trends.pdf","portada_informe":"https:\/\/trends.ufm.edu\/en\/wp-content\/uploads\/2020\/02\/india-2020.png","subtitulo":"India 2020 Report","footnotes":""},"tags":[242,100],"class_list":["post-4157","newsletter","type-newsletter","status-publish","has-post-thumbnail","hentry","tag-242","tag-india"],"_links":{"self":[{"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/newsletter\/4157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/newsletter"}],"about":[{"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/types\/newsletter"}],"author":[{"embeddable":true,"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/users\/503"}],"version-history":[{"count":6,"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/newsletter\/4157\/revisions"}],"predecessor-version":[{"id":4184,"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/newsletter\/4157\/revisions\/4184"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/media\/4201"}],"wp:attachment":[{"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/media?parent=4157"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/tags?post=4157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}