Indian Economy Towards Globalisation

World economy is fast aheading towards globalisation bringing under its fold more and more countries. India could be a silent spectator to these developments. The decade 1991-2000 has been a crucial one whereby the licence permit raj era stands dismantled giving place to laisez faire economy. Today, New Economic Policy (NEP), liberalisation, restructuring of the financial sector and the reforms thereto have opened new vistas of development. Political parties of all hues except the communist have been supporting the economic reforms. Undoubtedly the Indian economy is passing through a transition era of growing linkages with the world economy. The country is today committed for information technology. Indian economy towards globalisation is a book wherein major economic subjects affecting the economy have been discussed and analysed in a precise and concise manner. Till yesterday it was a sin to talk about foreign direct investment for certain sectors like power, airlines etc. but under the changed economic scenario, liberalised approach is the rule to expedite investment from private and foreign sector to accelerate development. India has to achieve a competitive edge over the developing economies of not only Asian tiger countries but also over that of China. Divided into three parts post reform economy, world economy, infrastructure development and states economy and banking, twenty-five burning topics have been incorporated, having relevance to Indian economy in the context of globalisation.