The book, Economic Reforms in India, traces neatly the background against which India adopted a three-pronged strategy of economic reforms comprising privatisation, liberalisation and globalisation. It has scanned microscopically the entire gamut of the current reforms process in India, and carefully delineated the arguments for and against the Reforms and, the revival of the market mechanism as the principal instrument of economic growth and development. The book also monitors very closely India’s experience in the reforms, and has explored the chunk areas where the reforms have achieved some remarkable successes as also those where they have failed to see light of the day, thereby unearthing their myths and pitfalls. A striking feature of the book is that it has embarked well upon the global experience of economic reforms, and delves deeply into India’s involvement as well as experience in the global environment of economic reforms. Another feature of importance in the book is the clear-cut delineation made of the State action vis-?-vis the market mechanism in an economy like ours which promises either partial or complete liberalisation. Further-more, the book has explored explicitly the areas where State action and public activism are called for in an endeavour of alleviation of poverty and deprivation, and enhancement of entitlements and capabilities of man in the direction of economic development with a human face.
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