Indian economic development in the recent period has attracted both favourable and unfavourable attention abroad. The development community including academics and activists regards the record of the Indian economy during the last twenty years as being extremely good by international standards....

Abstract An outstanding development of the 1990s, closely associated with the economic reform programme initiated by Dr Manmohan Singh, has been the very fast expansion of the stockmarkets and their growing role in the Indian economy. Both internal and external liberalisation measures,...

Abstract Among the non-socialist developing countries, the Indian economy has long been regarded as being a classical case of heavy state intervention. In the eyes of the powerful and influential neo liberal critics of the country's economic development, particularly the Bretton Woods...