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This book analyses the factors that initiated the reforms since 1991 while tracing the remarkable transformation of the Indian economy from a slow one to one of the fastest growing in the world. The authors show how despite low income, regional politics, and coalition governments at the centre, these reforms enabled faster and sustained economic growth. This paperback edition includes updates on major developments in economy, politics, and political economy of reforms in the past five years, tribute to Late Suresh D. Tendulkar, new preface, and a statistical appendix.
ISBN - 9780198085584
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