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Understanding Economic Reforms for India

Author

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  • REDDY, Y. V.

    (Chairman, Fourteenth Finance Commission and Former Governor, Reserve Bank of India)

Abstract

Economic development going well beyond growth has been the principal agenda of each and all of the governments in India since it became independent more than six decades ago. Many factors, including, in particular, the fact that India chose to follow a democratic political system and that the state was agreeably destined to play a vital role in the social, political and economic development of the country, have been critical in shaping the State of the Nation at different times. The country, unavoidably, went through phases of development, retardation and crises from time to time until 1991 when a totally new paradigm had to take over. The last book that Professor Suresh Tendulkar wrote, coauthored by Professor Adi Bhavani, brings it all out remarkably well. No wonder, after all Suresh was a critic, a witness as well as an important contributor to the process of policy formulation for many years. The book is a must read for those all interested in India’s development.

Suggested Citation

  • Reddy, Y. V., 2013. "Understanding Economic Reforms for India," Indian Economic Review, Department of Economics, Delhi School of Economics, vol. 48(1), pages 33-38.
    • Handle: RePEc:dse:indecr:0063
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