Globalisation was introduced in India in the 1990s and has since then led to major structural changes in the economy of the country. The reforms brought about through globalisation have been widely discussed and questioned. This book is a cogent appraisal of India’s economic reforms by a prominent Leftist commentator. It first discusses the economic perspectives of various international and multilateral agencies as also of multinational companies. It then analyses the policies affecting and performance of various sections of the economy agrarian, industrial, banking and monetary, state owned enterprises, fiscal, trade, environmental and labour. In keeping with his ideological and political convictions, the author argues that an uncritical acceptance of IMF-World Bank-WTO conditions has only served to fatten a thin creamy layer of Indian society, while depriving the majority. Providing an informed perspective on a subject of contemporary political and economic debate, this book will attract the attention of students and scholars in the fields of economics and political science. It will also be interest to policy makers and NGOs.
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