"The essays in this volume, which study a very wide range of different aspects of the Indian economy, provide an exceptionally rich intellectual fare to the reader. They yield numerous insights and are uniformly stimulating irrespective of whether one agrees with all the arguments and conclusions. The editors, Professors Sarmila Banerjee and Anjan Chakrabarti, deserve our gratitude for this very valuable collection of essays on the Indian economy."
Prasanta K. Pattanaik
Professor of the Graduate Division,
Department of Economics,
University of California, Riverside
“The Indian economy has entered a new liberalized regime of development following the unprecedented economic crisis of 1991. This edited volume offers a stimulating discussion on some major developments observed to have taken place in the economy during the first two decades of the post-liberalization era, with a focus on the associated sustainability issues. The individual papers of the volume deal with a variety of topics in areas of role of the state, integration of Indian markets with their global counterparts, emerging issues in agriculture, infrastructure and industry, social sector development, resource and environment, and finally, exclusion and social security, which are based on careful researches that have used up to date data and methodology, as required. These papers have drawn important conclusions which may induce a new perspective of viewing the Indian economy that has been emerging. This volume should therefore be a valuable reading for those interested in the study of Indian economic development and, in particular, for M. Phil and Ph. D. students of universities, as guidance for their research on Indian economic issues.”
Retired Professor of Economics, Indian Statistical Institute
Honorary Visiting Professor, Institute of Development Studies Kolkata