Indian Economy: Reforms and Development

"Indian Economy: Reforms and Development" offers a comprehensive analysis of the impact of political reforms on economic performance, employment, and productivity growth in India since 1991. The book examines the varying responses of different sectors to different degrees of political intervention and highlights the challenges and opportunities related to markets, technology, and the availability of skills and other complementary resources. A central theme is the contribution of the services sector to gross domestic product and employment in India. Additionally, it addresses the issue of growing inequality and persistent poverty, which continue to be defining features of post-reform India despite high economic growth. The book emphasizes the inadequacies of the reforms that have failed to bring about significant changes in social and economic structures. The topics discussed are crucial for maintaining high economic growth and are aimed at both the research community and policymakers and practitioners across various sectors.