This handbook presents a comprehensive study of the post-reform Indian economy, three decades after the economic liberalization started in the early 1990s. It studies the broad range of changes that were introduced in the reforms era, assessing their impact on sectors like manufacturing, agriculture, banking and finance, among others. It also assesses the performance of these sectors amid globalization and the socio-economic shifts in the country. The volume evaluates the contribution of the reforms to social transformation, social inclusion, sustainability and human development, and deliberates on the gains, blind spots and limitations. With contributions from scholars across the country, case studies and comparative analyses that draw on data analysis, econometric evidence and historical sensibility, this is an authoritative volume on the reforms of the 1990s and their impact on the Indian economy and people. Topical and the first of its kind, the book will be a useful resource for scholars and researchers of economics, development studies, political economy, management studies, public policy and political studies.

Post-reform India has seen a decline in agricultural growth as well as supply–demand imbalance and rising prices. This book presents a comprehensive analysis of domestic and international prices and trade since 1980–81, covering the past quarter of a century. Backed with rich data, it provides comparisons between the pre- and post-liberalisation policies and their effect on farm profitability, domestic prices and prices variability, and examines their possible role in determining the trajectory of agricultural growth since 1991. The book will appeal to students, scholars and researchers of agriculture studies, economics, finance, and development studies, as well as policy makers and agriculture experts.

The Indian manufacturing sector has undergone comprehensive reforms since 1991. In spite of rapid rates of economic growth since the reforms, the informal sector has been a persistent phenomenon in India, leading to significant policy concerns on the lack of inclusivity of economic growth. This book assesses how informal manufacturing firms have responded to the context of economic liberalization in India, and provides policy recommendations on how to make India's economic growth more inclusive of the informal sector.

An attempt to assess the progress, achievements, and short-comings of the economic reform process initiated by the Indian government in 1991 primarily in response to a foreign exchange crisis.

In this commemorative volume, India's top business leaders and economic luminaries come together to provide a balanced picture of the consequences of the country’s economic reforms, which were initiated in 1991. What were the reforms? What were they intended for? How have they affected the overall functioning of the economy? With contributions from Mukesh Ambani, Narayana Murthy, Sunil Mittal, Kiran Mazumdar-Shaw, Shivshankar Menon, Montek Singh Ahluwalia, T.N. Ninan, Sanjaya Baru, Naushad Forbes, Omkar Goswami and R. Gopalakrishnan, India Transformed delves deep into the life of an economically liberalized India through the eyes of the people who helped transform it.

The book presents a comprehensive study of the impact of policy reforms on output, employment, and productivity growth across sectors of India since 1991. It showcases varied responses from different sectors as they faced different degrees of policy interventions, and challenges or opportunities as regards markets, technology, and availability of skills and other complementary resources. The book also discusses the contributions of the service sector on India’s GDP and employment. The book throws light on the phenomena of rising inequality and persistent poverty which continues to shadow and be a hallmark of post-reform India, despite high economic growth. It underlines the failure of these reforms to bring about major change in social and economic organizations and institutions. The book’s contents stress on the criticality of addressing these issues as they have a serious potential of jeopardizing the country’s ability to maintain high growth momentum. With these pertinent topics, the book would be of interest not only to the research community, but also to policy makers and practitioners of various sectors addressed here.

Using a macroeconomic growth approach, this book focuses on two important aspects of the Indian financial sector-development and access. It empirically analyses the structure, size, reach, and efficiency of the sector in the post-reform period and assesses availability of resources from the formal financial system to the productive sectors of the economy.