Have neoliberal policies truly yielded beneficial effects for India? ‘Two Decades of Market Reform in India’ presents a collection of essays that challenge the conventional wisdom of Indian market reforms, examining the effects of neoliberal policies enacted by the Indian government and exploding the myths that surround them. In particular, the volume questions the perceived benefits of India’s reform policies in the areas of growth, agriculture, industry and poverty alleviation, and examines how the government’s focus on preventing a fiscal deficit caused a large-scale decline in development expenditures, which in turn has had a negative impact on the well-being of the poor. With its rich and insightful analysis, ‘Two Decades of Market Reform in India’ bravely shines a light on the true implications of India’s neoliberal governmental policies, and provides a revealing indication of how policy reform since 1991 has, at times, detrimentally affected the general populace of India.
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‘“Two Decades of Market Reform in India” provides a powerful corrective to the simplistic, celebratory views of the Indian economy that have prevailed since the country embarked on neoliberal reforms in 1991. A must-read for anyone interested in understanding the ongoing economic transformation of India and its social and political implications.’ —Jyoti Saraswati, New York University and author of ‘Dot.compradors: Power and Policy in the Development of the Indian Software Industry’
‘After more than two decades of liberalization and privatization, this is a comprehensive assessment, which helps us to understand why policies have not been a way out of underdevelopment, inequality and poverty, but actually have fortified the process of a lopsided, elite-oriented development.’ —G. K. Lieten, Professor Emeritus, University of Amsterdam
An edited collection of essays that demolishes the accepted myths surrounding the perceived benefits of India’s neoliberal governmental policies concerning growth, agriculture, industry and poverty.
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