The Future of Indian Economy: Past Reforms and Challenges Ahead

In 1991, when India faced a major economic crisis, the government asked the International Monetary Fund for a bailout loan. To prevent a repeat, the government introduced reforms in the economy in accordance with the international trend of privatization and globalization. This was a milestone as it changed Indian markets and the financial sector in the country. Foreign direct investment was encouraged, public monopolies were restricted and service and tertiary sectors were developed. Since then, all sectors of the economy have changed their approach and strategies. The economic reforms have completed twenty-five years and this book debates on the achievements and failures of this policy. It draws upon the research insights and opinions of academicians, scholars and practising managers who, apart from the analysis, also offer their views on the corrective measures needed. KEY SELLING POINTS The most comprehensive book on review of the 1991 economic reforms, and looking at what challenges lie in front of India. The book is co-edited by Union Finance Minister of India Yashwant Sinha who worked on the policy to save India during its worst economic crisis in 1990 and prepared the blueprint for the 1991 economic reforms. It discusses the different aspects of reforms and their impact on the country s economy and the life of its people. It draws upon research insights, views and opinions of academicians, scholars and practising managers on the various aspects of reforms and corrective measures needed.