"The publication estimated the impact of reforms in the manufacturing sector, concluding that tariff liberalization and export promotion had played an important role in pushing manufacturing growth from 5 per cent in previous decades to 8 per cent in the 2000s. That had eased the import compression witnessed during the previous decade and had made it easier for exporters to obtain inputs and intermediates at competitive prices from global sources. Nevertheless, the role of domestic demand in the growth of this sector could not be ignored, since India's per capita income had -- for the first time -- risen above 5 per cent per year."--Provided by publisher.

At head of title: United Nations Conference on Trade and Development.

In this commemorative volume, India's top business leaders and economic luminaries come together to provide a balanced picture of the consequences of the country’s economic reforms, which were initiated in 1991. What were the reforms? What were they intended for? How have they affected the overall functioning of the economy? With contributions from Mukesh Ambani, Narayana Murthy, Sunil Mittal, Kiran Mazumdar-Shaw, Shivshankar Menon, Montek Singh Ahluwalia, T.N. Ninan, Sanjaya Baru, Naushad Forbes, Omkar Goswami and R. Gopalakrishnan, India Transformed delves deep into the life of an economically liberalized India through the eyes of the people who helped transform it.

The Crisis First In Latin America And Recently In The Economies Of East And South East Asia Has Generated A Lively Discussion On The Benefits And Pitfalls Of The Process Of Liberalisation And Globalisation. It Has Also Led To Questioning Of The More Or Less Uniform Conditionalities And Structural Reforms Prescribed By The I.M.F. And The World Bank For Providing Financial Assistance. The Present Volume Discusses These And Many Other Issues Relating To The Process Of Liberalisation And Globalisation. It Has Paid Special Attention To The Discussion Of The Respective Roles Of The Market And The State In Any Programme Of Rapid Development Without Creating Social Tensions.The Volume Includes Papers Written By Twenty-Two Economists Spread Over The Entire Country.The Response To The First Two Volumes Of The Book Was So Encouraging That It Has Led To The Publication Of The Present Third Volume.

Contributed articles.

Why was liberalization important for India? What was its effect on sectors like IT, banking, telecom, etc.? How did it help Indian entrepreneurs build international businesses? And where do we go from here? The Liberalization Story is a selection of essays which explain the most important financial event in modern Indian history and its impact. The book contains candid interviews with decision makers like Montek Singh Ahluwalia and entrepreneurs like Sunil Bharti Mittal and Uday Kotak, who give a ringside view of the changing Indian economy. How did we reach here? The book also looks at the present in the context of our past. It tackles some important questions to explain the overall Indian economy today: What led to the rise of private equity; how did the dynamics of family businesses change; how did MNCs conquer the Indian market; how did the Indian middle class change; what led to the digital wave; what led to India leapfrogging to innovation, among many others. A highly readable book which shares a holistic view of the twenty-five years of Indian liberalization.

In this commemorative volume, India's top business leaders and economic luminaries come together to provide a balanced picture of the consequences of the country’s economic reforms, which were initiated in 1991. What were the reforms? What were they intended for? How have they affected the overall functioning of the economy? With contributions from Mukesh Ambani, Narayana Murthy, Sunil Mittal, Kiran Mazumdar-Shaw, Shivshankar Menon, Montek Singh Ahluwalia, T.N. Ninan, Sanjaya Baru, Naushad Forbes, Omkar Goswami and R. Gopalakrishnan, India Transformed delves deep into the life of an economically liberalized India through the eyes of the people who helped transform it.