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The Regulation of Product and Factor Markets in India Since 1991 This paper examines the role of institutions and deregulation in India and the effect that both have had on the economy there since reforms were instituted in the early 1990s. Particular attention is paid to product market and factor market effects on these economic reforms. Ultimately, the paper argues that increased liberalization will only occur in India if the WTO and World Bank can illustrate to institutions in India the opportunities for sustainable economic growth.
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