Conventional interpretations of the New Economic Policy introduced
in India in 1991 see this program of economic liberalization as
transforming the Indian economy and leading to a substantial
increase in the rate of India's economic growth. But in a country
like India, growth is not enough. Who benefits from the new growth
regime, and can it significantly improve the conditions of
livelihood for India's 800 million people with incomes below $2.00
a day? This edited volume looks at international policy regimes and
their national adoption under strategic conditions of economic
crisis and coercion, and within longer-term structural changes in
the power calculus of global capitalism. The contributors examine
long-term growth tendencies, poverty and employment rates at the
national level, regional level and local levels in India; the main
growth centers; the areas and people left out; the advantages and
deficiencies of the existing policy regime, and alternative
economic policies for India. Bringing together the leading figures
in the discussion on India's economic policy, this volume is the
authoritative critical study of India's New Economic Policy.
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