Abstract: This book is a follow-up study to an earlier work tracing India's economy up to 1991. Here the focus is on the economic reforms introduced after the financial crisis of 1991. The authors examine the different areas of the economy and outline the successes and effects of reform measures. They utilize economic theory and knowledge to suggest ways to liberalize the economy and open up the market to revitalize the Indian economy alongside those reforms already implemented. They end with predictions of the future of economic reforms and what sectors should be seen as priorities for prospective development.

Keywords: fiscal policy, liberalization, market reform, privatization, stabilization, trade reform