The explicit adoption of a neoliberal reform programme in mid-1991 by the Indian government was the start of a period of intensive economic liberalization and changed attitudes towards government intervention in the economy. This book surveys the actual experience of the last decade to argue that this strategy has not just failed to deliver sustained growth, but has had damaging consequences from the point of view of employment, poverty alleviation and equity. It covers a wide range of areas, including fiscal and monetary policy, privatization and the experience with foreign direct investment, and analyses the political economy of the reform process.
ABOUT THE AUTHOR C.P. Chandrasekhar
C.P. Chandrasekhar is Professor at the Centre for Economic Studies and Planning, School of Social Sciences, Jawaharlal Nehru University. He has co-authored Crisis as Conquest: Learning from East Asia (Orient Longman 2001) and is co-editing Globalization, Structural Change and Income Distribution (forthcoming, Tulika 2002). He has also co-edited India’s Socio-Economic Database: Surveys of Selected Areas (Tulika 2001). He is regular columnist for Frontline Magazine and Businessline financial daily, and is involved in managing several public information websites: www.marcroscan.org, www.networkideas.org
ABOUT THE AUTHOR Jayati Ghosh
Jayati Ghosh is Professor at the Centre for Economic Studies and Planning, School of Social Sciences, Jawaharlal Nehru University. She has co-authored Crisis as Conquest: Learning from East Asia (Orient Longman 2001) and is co-editing Globalization, Structural Change and Income Distribution (forthcoming, Tulika 2002). She is regular columnist for Frontline Magazine and Businessline financial daily, and is involved in managing several public information websites: www.marcroscan.org, www.networkideas.org
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