Structural Reform in India, 1991-93

India's economic reform is at a critical juncture and needs to be understood, The aim of this paper is to review the reforms undertaken since 1991 and to argue that the time has come to strike at some of the political and institutional roots of our economic malaise. The essay begins by critically examining the reforms, especially with respect to the international sector, the divestiture plan and programmes for basic needs. It then goes on to an analysis of the political and institutional roots of the crisis. It distinguishes between two different kinds of democratic organisations and pins down many of our economy's problems to the fact that our organisations are built on a system of 'overlapping rights'.