India Transformed: 25 Years Of Economic Reforms by Rakesh Mohan

Description

“India Transformed: 25 Years of Economic Reforms” is a book written by Rakesh Mohan, an Indian economist and former Deputy Governor of the Reserve Bank of India. Published in 2017, the book provides an in-depth analysis of India’s economic transformation since the initiation of economic reforms in 1991.

Rakesh Mohan examines the key policy changes, economic liberalization measures, and structural reforms that have shaped India’s economic landscape over the course of 25 years. He explores various sectors such as industry, agriculture, services, finance, and infrastructure, highlighting the challenges, achievements, and lessons learned during this period.

The book delves into topics such as trade and investment policies, fiscal reforms, financial sector reforms, labor market dynamics, and the impact of globalization on India’s economy. It also addresses issues related to poverty, inequality, and social development, assessing the extent to which economic reforms have led to inclusive growth and improved living standards.

Mohan’s analysis takes into account the political, social, and institutional factors that have influenced India’s economic transformation. He draws on data, empirical evidence, and his own expertise to present a comprehensive picture of the changes and challenges faced by the country.

“India Transformed” offers a balanced assessment of the outcomes and impacts of India’s economic reforms, discussing both the successes and the areas that still require attention. It provides insights into the complexities of policymaking, the role of governance, and the importance of long-term planning for sustained economic growth.

The book is intended for readers interested in understanding India’s economic journey and the implications of economic reforms on various aspects of the country’s development. It serves as a valuable resource for policymakers, economists, researchers, and anyone seeking a deeper understanding of India’s economic transformation over the past 25 years.