India in transition : economic policy options.
- Allahabad Wheeler 1992
- 202 p.
The book is a collection of essays on the present package of economic policies aimed at "restructuring" the Indian economy. These articles are a selection of the writings of Dr. Ghosh over July, 1991-July, 1992 on "stabilisation" and on the "restructuring" of the economy.
The layman today is understandably confused. On the one hand, he is happy that the long period of bureaucratic controls is over. On the other hand, he cannot understand why we continue to have rampant inflation, and yet a recession in the economy (with a fall in industrial production and employment); why our balance of external payments is still precarious (though we have accumulated large foreign exchange reserves); why job opportunities for our youth are diminishing, why divisive forces threaten social stability.