The relationship between trade policy and economic performance is one of the oldest controversies in economic development. The Indian manufacturing sector is particularly suitable for analyzing and understanding this relationship. In this book, the author examines the implications of trade reforms with specific reference to the 1991 reforms for India's manufacturing sector. The gradualist nature of the reform process, the move from a highly restrictive policy regime to a relatively open one, and the unevenness of the reforms across sectors make the Indian economy a highly relevant context for understanding the welfare implications of trade reforms. Points of analyses include:

• the effects of the reforms on total factor productivity growth in the Indian manufacturing sector
• the effect of trade reforms on domestic pricing
• on the job market and on wage inequality in the Indian manufacturing sector
• the effects the trade reforms have had on the regional inequality in India.

This study is both interesting and useful appealing to those interested in recent economic developments in India, and trade policy in developing countries.