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dc.contributor.authorBhattacharyya, Asish K-
dc.date.accessioned2022-09-06T09:24:57Z-
dc.date.available2022-09-06T09:24:57Z-
dc.date.issued2021-03-
dc.identifier.urihttps://ir.iimcal.ac.in:8443/jspui/handle/123456789/3969-
dc.descriptionBiosketch: Asish K Bhattacharyya is Distinguished Professor at Shiv Nadar University and Founder of Nonlinear Insights. He was a Professor at the Indian Institute of Management Calcutta and Indian Institute of Corporate Affairs. Also, he was Director of the Institute of Management Technology Ghaziabad and the Head of the School of Corporate Governance, Indian Institute of Corporate Affairs. Dr. Bhattacharya started the Centre for Corporate Governance at IIM Calcutta. He was a regular columnist for Business Standard from 2008 to 2020.en_US
dc.description.abstract(This article is Part II of the essay. Part I dealt with corporate governance practices in India from the colonial period until the command capitalism – 1950 to 1990 – period; it was published in the previous issue of Artha. Part III will be published in the next issue. With Economic liberalisation in 1991 India ushered into the market economy from a command economy. Indian economy got integrated with the world economy. It opened up new opportunities and transformed the sellers’ market to buyers’ market with easy availability of foreign consumer products. The government dismantled the license raj, opened up most sectors (including the infrastructure sector) for the private sector enterprises, and liberalized foreign investment in Indian companies through foreign direct investment (FDI) and foreign portfolio investment. All those policy changes opened up new avenues for Indian business and a vast Indian market for foreign multinationals. Although the government adopted the policy of privatisation of or disinvestment in public sector enterprises (PSE), existing PSEs continue to occupy dominating position and securities some of the large well-run PSEs have been listed in stock exchanges.en_US
dc.language.isoen_USen_US
dc.publisherThe Financial Research and Trading Laboratory (FRTL), IIM Calcuttaen_US
dc.subjectEconomic liberalisationen_US
dc.subjectForeign direct investment (FDI)en_US
dc.subjectPublic sector enterprises (PSE)en_US
dc.subjectReliance Industries Limited (RIL)en_US
dc.subjectCapital marketen_US
dc.subjectSecurities and Exchange Board of India (SEBI)en_US
dc.subjectNational Stock Exchange (NSE)en_US
dc.subjectBombay Stock Exchange (BSE)en_US
dc.subjectCorporate landscapeen_US
dc.subjectNIFTYen_US
dc.subjectWorld Federation of Exchange (WFE)en_US
dc.subjectInstitutional investmentsen_US
dc.subjectcorporate governanceen_US
dc.titleCorporate Governance in India: Understanding the History and Peeking into the Futureen_US
dc.typeArticleen_US
Appears in Collections:Issue 4, March 2021

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