ECONOMIC REFORMS, ELECTROL POLITICS AND WELFARE Ajit V. Karnik DEPARTMENT OF ECONOMICS UNIVERSITY OF MUMBAI DR. BABASAHEB AMBEDKAR CHAIR: RBI UNIT IN POLITICAL ECONOMY DISCUSSION PAPER NO. 2/99 -2 0 2 4 6 8 10 50-51 51-52 52-53 53-54 54-55 55-56 56-57 57-58 58-59 59-60 60-61 61-62 62-63 63-64 64-65 65-66 66-67 67-68 68-69 69-70 70-71 71-72 72-73 73-74 74-75 75-76 76-77 77-78 78-79 79-80 80-81 81-82 82-83 83-84 84-85 85-86 86-87 87-88 88-89 89-90 90-91 91-92 92-93 93-94 94-95 95-96 96-97