India's Economic Transition

Description

This volume examines the reforms and their impact on the political economy of India. The introduction to the volume analyses the politics that shaped economic policy during three broad phases-from independence to 1968, between 1969 and 1974, and the period after 1975-leading to the balance of payment crisis of 1991. The volume addresses such questions as: What were the economic reforms undertaken after 1991? Why did they occur and how were they sustained? What was the impact of economic reforms on India's political economy? In addition, it includes significant features of the post-reform political economy like the growing importance of Indian federalism; a new politics of regulation governing markets in areas such as telecommunications, power, and stock exchanges; industrial lobbying; trade union activism; and the curious mix of benefits and costs associated with the rise of India's IT sector.

About the Author

Rahul Mukherji is Associate Professor, South Asian Studies Programme, Faculty of Arts and Social Sciences, National University of Singapore, Singapore.

Table of contents

List of Tables and Figures; Acknowledgements
Publisher's Acknowledgements
Introduction: The State and Private Initiative in India (Rahul Mukherji)
I. Development Strategy
1.:What Went Wrong? (Jagdish Bhagwati)
2.:The Indian Economy under 'Structural Adjustment' (Prabhat Patnaik and C.P. Chandrasekhar)
3.:Economic Reforms in India since 1991: Has Gradualism Worked? (Montek S. Ahluwalia)
II. The Political Economy of Reforms
4.:Economic Transition in a Plural Polity: India (Rahul Mukherji)
5.:Mass Politics or Elite Politics? Understanding the Politics of India's Economic Reforms (Ashutosh Varshney)
6.:Political Skills: Introducing Reforms by Stealth (Rob Jenkins)
7.:The Limits of Economic Nationalism in India: Economic Reforms under the BJP-led Government, 1998-9 (Baldev Raj Nayar); III. Economic Reforms and the Political Economy
8.:Iconization of Chandrababu: Sharing Sovereignty in India's Federal Market Economy (Lloyd I. Rudolph and Susanne Hoeber Rudolph)
9.:Economic Reform, Federal Politics, and External Assistance: Understanding New Delhi's Perspective on the World Bank's State-Level Loans (Jason A. Kirk)
10.:Managing Competition: Politics and the Building of Independent Regulatory Institutions (Rahul Mukherji)
11.:Politics of Market Micro-Structure: Towards a New Political Economy of India's Equity Market Reform (John Echeverri-Gent)
12.:Bangalore: The Silicon Valley of Asia? (Anna Lee Saxenian)
13.:Public Sector Restructuring and Democracy: The State, Labour, and Trade Unions in India (Supriya RoyChowdhury)
14.:Liberalization and Business Lobbying in India (Stanley A. Kochanek)
Select Bibliography
Notes on Contributors
Index