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An essential read for anyone seriously interested in the history and future of Indias development as a nation. As India marks the twenty-year milestone of economic liberalization, some concerns about the countrys future prospects as an emerging power are beginning to be voiced often, these stem from the past history of sharp swings in Indias fortunes. Bimal Jalan has closely followed the path of Indias economic policies across its changing trajectories, from before the time the economy was liberalized to the very present The pieces that appear here were all written during the last twenty years, with the exception of three prescient notes from the mid-1970s highlighting the need for economic reforms to foster growth. The principal thought behind these essays is that, in the past twenty years, Indias capacity to grow faster than ever before has increased substantially because of its comparative advantage in relation to other countries. However, Jalan points out that for India to seize the opportunities that lie ahead, it is essential to bring about further reforms in the running of Indias politics and administration in order to ensure inclusive and incremental economic growth.

An essential read for anyone seriously interested in the history and future of Indias development as a nation. As India marks the twenty-year milestone of economic liberalization, some concerns about the countrys future prospects as an emerging power are beginning to be voiced often, these stem from the past history of sharp swings in Indias fortunes. Bimal Jalan has closely followed the path of Indias economic policies across its changing trajectories, from before the time the economy was liberalized to the very present The pieces that appear here were all written during the last twenty years, with the exception of...  Read More