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In about 1990, India and a few developing countries attempted to restructure their economics to achieve accelerated economic growth, for generation of optimum levels of production, employment and poverty alleviation. The economic and fiscal policies took a turn towards liberalisation, deregulation, decontrol and delicensing, so that the economy opens up and unnecessary legal and bureaucratic impediments are removed to reduce delays and costs. During the last five years, industrial, trade and tax reforms have created demonstrable buoyancy in industrial production, investment and exports.
Journal of Money Laundering Control – Emerald Publishing
Published: Jan 1, 2000
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