This volume brings together frontline research on the prospects for rapid economic development in South Asia by leading academics and public policy experts. It reviews recent macroeconomic performance in Bangladesh, India, Nepal, Pakistan and Sri Lanka and examines three emergent challenges for the Indian economy: devising a policy response to climate change, attaining the millennium development goals and restructuring state level finances. The book then analyzes financial sector reforms and development of information and communications technology (ICT) firms and privatization policy in India and the South Asian approach to free trade arrangements and multilateral trade. It studies issues related to foreign perceptions of South Asian development including governance and foreign direct investment flows into India and Nepal. Finally the book studies the impact of the structural composition of economic growth on poverty in India, the evolution of inequality in India and elements of a strategy for poverty reduction in South Asia.

Provides a detailed analysis of the achievements and disappointments of the modern Indian economy, and an exploration of the issues which are shaping India's economic future. Offers a comprehensive overview of the state of India's economy in the twenty-first century and is essential for postgraduates and scholars interested in this area.

Provides a detailed analysis of the achievements and disappointments of the modern Indian economy, and an exploration of the issues which are shaping India's economic future. Offers a comprehensive overview of the state of India's economy in the twenty-first century and is essential for postgraduates and scholars interested in this area.