The Indian economy in global context / Anne O. Krueger and Sajjid Chinoy -- India's fiscal situation: is a crisis ahead? / T.N. Srinivasan ; Comment [by] Shankar Acharya ; Comment [by] Kenneth Kletzer ; Comment [by] N.K. Singh -- State-level performance under economic reforms in India / Montek S. Ahluwalia ; Comment [by] Shankar Acharya -- Doing business in India: what has liberalization changed? / Naushad Forbes -- Bangalore: the silicone valley of Asia? / Annalee Saxenian ; Comment N.R. Narayana Murthy and Sandeep Raju ; Comment Ashok Desai -- Small-scale industry policy in India: a critical evaluation / Rakesh Mohan ; Comment Roger G. Noll -- Emerging challenges for Indian education policy / Anjini Kochar -- Does economic growth increase the demand for schools?: evidence from rural India, 1960-99 / Andrew D. Foster and Mark R. Rosenzweig -- Priorities for further reforms / Anne O. Krueger
Summary
India is the second most populous country in the world and also one of the poorest. From the late 1940s to 1980, India's per capita income grew at an average annual rate of only two percent. Expansionist economic reforms during the 1980s boosted economic growth but also unfortunately resulted in high inflation and a balance of payments crisis. As a consequence, in 1991 the government announced sweeping new changes in economic policies. This book evaluates the effects of those changes and identifies areas of the Indian economy still in urgent need of reform
