India's Economic Reforms and Development (2^nd Ed.) Essays for Manmohan Singh, Second Edition Oxford India Perennials Series

The success of India's economic reforms in accelerating growth and reducing poverty has been well-documented. In view of Manmohan Singh's key role in spearheading India's development process, this volume in his honour, brings together a collection of essays on the economic reforms initiated in 1991 and explores policies, frameworks, and strategies to fully realize their potential. Significantly revised and updated, this new edition: traces India's development experience and transition to an open economy; addresses key issues in India's economy such as poverty and inequality, monetary policy, agriculture, infrastructure development, fiscal stability, and financial liberalization; and highlights the important changes and recent developments in India's economy. Through comparative theoretical and econometric analyses, it captures the evolution of India's policies towards liberalization and its position in the global economy.

Contributors. Introduction. Section I: India's Development Strategy. 1. The design of Indian Development. 2. Development Perspectives: Was there an Alternative to Mahalanobis?. 3. Development, Inflation, and Monetary Policy. 4. Theory and Practice of Development. Section II: Transition to Open Economy. 5. Infrastructure Development in India's Reforms. 6. Indian Agriculture in an Open Economy. 7. Fiscal Stabilization and Economic Reforms in India. 8. Liberalization, the Stock Market, and the Market for Corporate Control: A Bridge too Far for the Indian Economy?. 9. India's Export Performance: A Comparative Analysis. Section III: Poverty and Reform. 10. Economic Reforms and Poverty Alleviation. 11. Food Security: Individual and National. 12. Indian Economic Policy Reforms and Poverty: An Assessment. Section IV: Centre-State Relations. 13. Tax Assignment in the Indian Federation: A Critique. 14. Liberalization, Economic Reforms, and Centre-State Relations. 15. The Political Economy of Centre-State Relations in India. Index.

Isher Judge Ahluwalia is Chairperson, Board of Governors, Indian Council for Research on International Economic Relations (ICRIER), New Delhi. I.M.D. Little is Emeritus Fellow, Nuffield College, Oxford University.