As we get into the twenty-first century, the concept of ‘the Indian economy’ has come to encompass a mind-boggling array of topics, phenomena, and complexities. Understanding India’s economy is not just an intellectual challenge, but, with the country emerging as a major global economy, also a requirement. This unique volume, the first comprehensive resource of its kind on the contemporary Indian economy, aims to address this need. Culled from the collective wisdom and experience of 200 distinguished contributors, including economists, business leaders, policymakers, and analysts, it collates facts with contemporary thinking on the Indian economy, to provide an accessible account of the diverse range of themes and issues relevant to India today. The more than 200 entries cover the evolution of the Indian economy from relative obscurity to an emergent global force, from the ‘Hindu’ rate of growth to its recent surge. They span the recent cover stories of India’s phenomenal growth, leadership in software and information technology, and outsourcing success, and also document the backwaters – the widespread poverty, farmer suicides, child labour, and the large and impoverished informal sector that houses a majority of India’s labour force.
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