About the Book: Economics of Health Sector Reforms In India Health Sector Reforms are the part of the policy of the Government of India adopted in early nineties in the form of economic liberalization. The economic reforms, which were adopted during this era, are the root cause of Health Sector Reforms. While economic liberalization in India can be traced to late 1970s, it was only in 1991 that reforms began in earnest. Dwindling foreign reserves, negative growth of exports, soaring inflation, culmination of fiscal profligacy during 1980s, high cost import substitution policies coupled with a balance of payments crises set off by the Gulf war opened the way for an International Monetary Fund (IMF) programme that led to the acceptance of a major reform initiative.
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