India's Economy - 9780198064695

`...Shankar Acharya and Rakesh Mohan have brought together a glittering star cast of economists from around the world to do justice to the many facets of Montek's contribution to the renaissance of India as a global economic player. There is much here to inform the student, the academic, and the policymaker.'---Lord Meghnad Desai, Professor Emeritus, London School of Economics

`Montek Ahluwalia has been playing a key role in India's economic reforms for nearly two decades. The essays in this volume reflect the wide range of policies that he has helped shape. It is both a fitting tribute to Ahluwalia and an outstanding introduction to the issues facing India today.'---Martin Feldstein, George F. Baker Professor of Economics, Harvard University, and president Emeritus, National Bureau of Economic Research

`...Shankar Acharya and Rakesh Mohan have put together an outstanding collection of authors whose essays cover the many aspects of the Indian economy on which Montek has Worked in his remarkably influential Career. Anyone Who Wants to know what has been achieved in the last two decades in the Indian economy and why, and anyone who wants to understand the promise of the Indian economy and the challenges it faces...should read this book.'---Stanley Fischer, Governor, Bank of Israel

`Adorning high policymaking positions, Montek Singh Ahluwalia has made steilar contributions towards guiding reforms and successfully achieving the remarkable growth acceleration of the Indian economy. These splendid essays, each by a leading expert, illuminate the policy challenges that our country now faces...'---Vijay Kelkar, Chairman, Finance Commission, New Delhi

India has traversed a long way since the economic reforms of the early 1990s, and is now widely recognized as one of the fastest growing countries in the world. In view of Montek Singh Ahluwalia's key role in Crafting reforms which helped integrate India with the World economy, this volume in his honour brings together essays by leading experts on the Indian economy and on international economic policy.

Grounded in the context of current issues and constraints, the volume is divided into four themes: (i) growth, inequality, and reform; (ii) the evolution of macroeconomic and financial policies; (iii) review of progress in key sectors of the economy. It spans the main features of India's economic development and addresses a wide range of topics such as growth, inequality, macroeconomic performance, monetary policy capital markets, infrastructure, human resources, services, global finance, climate change, and international trade. The essays analyse the key economic challenges facing India today and Suggest policy measures that can propel India towards inclusive growth.

This authoritative guide to the Indian economy is a must-read for students of economics, academics, policymakers, business and financial analysts, journalists, and all those interested in the dynamics of the Indian economy.