The Future of Indian Economy: Past Reforms and Challenges Ahead

by Yashwant Sinha, Vinay K. Srivastava (Editor)

In 1991, when India faced a major economic crisis, the government asked the International Monetary Fund for a bailout loan. To prevent a repeat, the government introduced reforms in the economy in accordance with the international trend of privatization and globalization. This was a milestone as it changed Indian markets and the financial sector in the country. Foreign direct investment was encouraged, public monopolies were restricted and service and tertiary sectors were developed. Since then, all sectors of the economy have changed their approach and strategies.

The economic reforms have completed twenty-five years and this book debates on the achievements and failures of this policy. It draws upon the research insights and opinions of academicians, scholars and practising managers who, apart from the analysis, also offer their views on the corrective measures needed.

Genres: Economics

370 pages, Kindle Edition

First published July 1, 2017

Reviews

[Surabhi Sharma · Rating 5 out of 5]

The book has essays discussing the achievements and failures and corrective measures needed. The essays are contributed by distinguished authors from politics, government, academia, economists, civil servant, analysts, such as C.Rangarajan – former governor of RBI and held several key positions, U.K. Sinha – Chairman of Securities and Exchange Board of India (SEBI), Rajat Kathuria – Director and Chief Executive at Indian Council for Research on International Economic Relations (ICRIER), New Delhi.

It’s been more than twenty-five years since July 1991, when economic liberalization began in India. The year 1991 is important in regard to the history of Indian economy. India faced a serious economic challenge that brings reforms that changed Indian markets and the financial sector in the country. The book is a detailed analysis of reforms, policies, shortcomings, and challenges ahead. The book is an excellent and interesting read for the economists, journalists, students, concerned citizens and one who like to be well informed.

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[Brijesh · Rating 4 out of 5]

Although the book starts with india around 91's liberalization it does speak about significant contributions from the time of VP singh and chandra shekar and also contributions from subramanyam swamy and yeshwanth sinha . it does progress significantly well into UPA and NDA (2014) it does speak about various aspects of finance planning and pitfalls during UPA and NDA's response to them but this pretty much predicts about the slow down of 2019 in 2017 itself also the implication of UPA's soft touch for NPA's and significant borrowing post 08 recession . There are certain recommendations and also some of the fundamental changes that were done in both UPA and NDA this book looks more like a serious book for a finance student rather than for casual readers. A must collectible

[Aasim · Rating 3 out of 5]

Set of essays about various Indian economy/policy initiatives and some history. Frankly a very boring book for me, definitely not a page turner (took me a month to finish this book). Felt more like a University textbook to me.