This book examines the origins, rationale, and outcomes of India's economic reforms in the context of changes in the economy, polity, and society. Looking at India's development experience across time, the book provides a comprehensive review of policies and performance of the economy since independence; a comparative analysis of the Indian experience with that of China as well as low-income countries; and an understanding of the recent global financial crisis vis-à-vis its implications for growth, sustainability, and the necessity of further reforms. Emphasizing the intrinsic goal of India's ... More

This book examines the origins, rationale, and outcomes of India's economic reforms in the context of changes in the economy, polity, and society. Looking at India's development experience across time, the book provides a comprehensive review of policies and performance of the economy since independence; a comparative analysis of the Indian experience with that of China as well as low-income countries; and an understanding of the recent global financial crisis vis-à-vis its implications for growth, sustainability, and the necessity of further reforms. Emphasizing the intrinsic goal of India's development — eradication of mass poverty — this book highlights future challenges and suggests appropriate policies.