Post-Reform Indian Economy: An Unfolding Story

After more than three decades of economic restructuring and reforms, the consequences of that momentous decision of 1991 are still playing out in India. Meanwhile, the global economy has seen significant shifts—a slow recovery from the destruction of the Global Financial Crisis of 2008, China’s rise as a formidable economic force, the steady retreat from WTO-led multilateralism in tandem with a gradual but noticeable erosion of faith in democratic institutions. The Post-Reform Indian Economy: An Unfolding Story brings together eminent economists of the country who deliberate on issues plaguing the contemporary Indian economy. The essays investigate the theoretical and methodological pitfalls of the many official and unofficial studies of India’s economic performance; the phenomena of growth cycle; and India’s post-reform growth volatility.