Author: Arjun Sengupta
ISBN/UPC (if available): 8124107416
One of India's principal policy makers, who was also involved with the reforms exercises of Vietnam, Zambia, Peru, Argentina and Guyana formulated by the IMF, Dr. Arjun Sengupta reviews in this significant work those reforms, their principles, designs and the political economy of their implementation, against the background of the evolution of India's development policies.
Economic reforms have radically changed the policy perspectives in India, abolished the license-permit raj, opened up the economy to trade and investment, sharply raised the rate of growth, and reduced the level of poverty. But reforms have still remained at the center of economic debates.
This volume carries an incisive discussion of the beginnings of the current reforms under Mrs. Indira Gandhi, an examination of the requirements for sustaining the reforms, and a new approach to planning in the post-reforms Indian economy.
The world of a contemporary Indian economist consists of not only reforms, but also equity which has been the principal concern of all development policies and the IMF, which has emerged as the principal international institution, facilitating and shaping the course of reforms on the global scale.