The economic crisis of 1990 and 1991 has given rise to an intense debate about India's economy. India responded to the crisis by initiating far-reaching policy reforms. The full implications of these reforms are yet to unfold, and much more remains to be done.



In this volume, sixteen of India' s most eminent economic thinkers, several of whom are actively engaged in policy formulation, attempt to provide answers to the questions that people are asking about India's present problems and its economic future. The essays include an authoritative assessment of India 's performance since independence and a comprehensive examination of its policies in industry, agriculture, finance and trade. Other essays in the volume
deal with a variety of key economic issues of immediate importance, such as, public debt, government expenditure, energy, population and unemployment. The last two essays are concerned with political, institutional and legal aspects of economic reforms.



Edited and introduced by Bimal Jalan, one of India 's top economic advisers, these essays will help the reader to.understand India's past and to consider policy options for the future. All the essays are original, and are accessible to general as well as specialist readers in different disciplines.