New economic policy of India : restructuring and liberalising the economy for 21st century / edited by Ajit Kumar Sinha

With the collapse of the Marxian and Keynesian systems, the world is fastly moving towards a new economic order. Over 50 developing countries have undertaken structural adjustment programmes, almost simultaneously, to face the crisis and challenges on economic front. India is one amongst them. India has adopted the structural adjustment programme after the completion of four decades of planned efforts which have resulted in a stagnant and sick economy under the vicious traps of poverty, unemployment, inflation, black money, external/internal debt and fiscal imbalances, balance of payment disequilibrium, regional disparity, wage goods scarcity, smuggling and corruption.

Dr. Manmohan Singh has claimed: 'The policy initiatives introduced after June 1991 have been seen to work. This gives us confidence that the direction of our reforms is right and if we preserve with them, we can overcome the severe constraints on our economy and assure a more prosperous future for our people' as we enter the 21st century.

This outstanding book brings together at one place the different perceptions on the multidimensional process of restructuring of the Indian economy with the help of contributions of eminent economists and social scientists of different generations, ideologies and regions.

Contents include: Restructuring-the Basic Issues and Options; the New Economic Policy; Historical Perspective; Economic Restructuring in East Asia-Lessons for India; Eighth Plan and Prospects for Poverty Alleviation; Growth with Social Justice; Equity Implications of Recent Economic Changes; Indian Economy-which way now?; Relevance of Nehru-Mahalanobis Strategy of Development; Projected gains of Privatisation; Fiscal Management; Economy in Transition; Chelliah Committee; Tenth Finance Commission; States Fiscal Deficit; Globalisation of the Economy: Attracting NRIs; India's recent Trade Policy; New EXIM Policy: Balance of Payment Scenario; Dunkel Draft; Financial Sector Reforms; Narasimham Committee Report; New Problem Areas of Indian Banking; Stock Market Reforms; New Industrial Policy; Exit Policy; Impact of Multinational Corporations; Structural adjustment and the Rural Poor; IRDP; Land Reforms; Irrigation Management Reforms; Rural Industrialisation; etc. This timely book is a must for all planners and policy makers; scholars and students; and all interested in the study of the New Economic Policy of India