Provides a detailed analysis of the achievements and disappointments of the modern Indian economy, and an exploration of the issues which are shaping India's economic future. Offers a comprehensive overview of the state of India's economy in the twenty-first century and is essential for postgraduates and scholars interested in this area.

This book provides a comprehensive description and analysis of developments in various sectors of the Indian economy since Independence. It particularly focuses on reform measures undertaken since 1991. The areas covered are: human resource, five year plans, economic reforms, agriculture, industry, infrastructure, fiscal policy, money and prices, banking and finance, employment and labour welfare, social security, environment and foreign trade.

Prior to independence in 1947, India was a typically backward economy suffering from the twin problems of rampant poverty and widespread unemployment, both making for a low general standard of living. Following 65 years of development efforts, India is presently one of world's fastest growing economies. Lately, it has emerged as a global economic power, a leading outsourcing destination, and a favorite of international investors. The country is now much more integrated with the world economy and has benefited from this integration in many ways. The outstanding success of information technology and IT-enabled services has demonstrated what Indian skills and enterprise can do. Similar strength is now evident in other sectors, such as pharmaceuticals, auto components, and textiles. Many predict that India will emerge as third largest economy in the world (after US and China) in a couple of decades. Members of the global economy, including businesses and foreign governments, have started taking note of India's rise and recognizing opportunities for investments and enterprise. India's massive workforce and democratic functioning suggest that the future of labor-intensive industry lies here. No doubt, India is poised to claim its rightful place as a world economic power in the 21st century, being referred to as the Asian Century. This book provides a comprehensive account of India's economic problems, policies, and performance during the post-independence period, with a focus on post-1991 period of economic reforms. The book will be of interest to teachers and students of economics, commerce, law, public administration, and business management.

"The present work traces the developments in Indian industry during the post-Independence period, explains the key reform measures undertaken for the development of industry in the wake of economic liberalisation and examines current issues pertaining to this vital sector of the Indian economy. The last decade of the 20th century was momentous in the economic history of India as it witnessed a successful transition of India from a controlled, inward looking, and slow growing economy to a liberalised and open economy that has now found a place amongst the fastest growing economies in the world. "

This book traces the history of India's progress since its independence in 1947 and advances strategies for continuing economic growth. Insiders and outsiders that have criticized India for slow economic growth fail to recognize all it has achieved in the last seven decades, including handling the migration of over 8 million people from Pakistan, integrating over 600 princely states into the union, managing a multi-language population into one nation and resolving the food problem. The end result is a democratic country with a strong institutional foundation. Following the growth strategies outlined in the book and with a strong leadership, India has the potential to stand out as the third largest economy in the world in the next 25 to 30 years. Subhash Jain and Ben Kedia delve into India's development and emergence as an economic power, one of the three countries that can make its own supercomputers, one of the six countries that can launch satellites and that has the second largest small car market in the world. They discuss its need for innovative initiatives and top leadership to pursue an agenda of economic growth, and monitored policies to encourage entrepreneurship at all levels. With an emphasis on the new leadership of Prime Minister Modi, the book identifies policies that need to be adopted to make India s future bright and prosperous. This book is a critical resource for students and scholars interested in India and invested in its progress, as well as policymakers, government officials and corporations considering India as a place to expand and do business.