Contents
Preface
Foreword by Strobe Talbott
I. Introduction
1. The Road to the 1991 Industrial Policy Reforms and Beyond: A Personalized Narrative from the Trenches
Rakesh Mohan
II. The Big Picture: Past, Present and Future
2. India's 1991 Reforms: A Retrospective Overview
Montek Singh Ahluwalia
3. Remembering 1991 . . . and Before
Omkar Goswami
4. The Political Economy of Reforms: The Art of the Possible
T.N. Ninan
5. India's Entry into the Global Economy
Martin Wolf
6. Trade-policy Reform in India Since 1991
Harsha Vardhana Singh
III. Foreign and Security Policy for a Resurgent India
7. Foreign Policy in the Wake of Economic
Reforms: New Options and Friends
Shivshankar Menon
8. Navigating the Post-Cold War Landscape: India's Rise in a Contested Geopolitical Space
Shyam Saran
9. Security and Sovereignty in an Open Economy: New Thinking after 1991
Sanjaya Baru
IV. Changing Contours of Indian Governance
10. India's Governance Challenges: Why Institutions Matter
Sarwar Lateef
11. Changing Colours of Government-Business Relations
Tarun Das
12. Union-State Relations and Reforms
Y. Venugopal Reddy
13. Energizing the States
Laveesh Bhandari
V. The Parts of the Whole: Sectoral Developments
14. 25 Years of Policy Tinkering in Agriculture
Ashok Gulati, Shweta Saini
15. Indian Manufacturing Industry: On the Path to Global Leadership
Baba Kalyani
16. Political Economy of Petroleum Sector Deregulation
Vikram Singh Mehta
17. India Evolving: Infrastructure since 1991
Jessica Seddon, N.K. Singh
18. Infrastructure: Hopefully a Renewed Opportunity for the Private Sector
Vinayak Chatterjee
VI. Human Development: Miles to Go
19. Liberalization sans Liberalism: The Control Raj and the Perils of Ideology and Rents in Higher Education
Devesh Kapur
20. Healthcare in India: A Fork in the Road
Nachiket Mor, Diva Dhar, Sandhya Venkateswaran
VII. The Financial Sector: An Opportunity for Innovation and Growth
21. Reforms and the Transformation of the Monetary and Banking Sectors
C. Rangarajan
22. Liberalizing Indian Capital Markets: Highly Successful Reforms and an Unfinished Agenda
Jaimini Bhagwati
23. Institution-building in the Financial Sector: The HDFC Experience
Deepak Parekh
VIII. Indian Business: Launched on a New Trajectory
24. Changes and Challenges: Corporate India since 1991
Omkar Goswami
25. Animal Spirits : Stray Thoughts on the Nature of Entrepreneurship in India's Business Families after Liberalization
Gita Piramal
26. India's National Innovation System: Transformed or Half-formed?
Naushad Forbes
27. Consumer India's Journey from Zero to Hero
Rama Bijapurkar
28. Building a Global-scale Corporate in India
Mukesh D. Ambani
29. Rise of the New Entrepreneurial Classes and the Emergence of a High-growth Economy
Sunil Bharti Mittal
30. Liberalization and a Tale of Two Companies: Open the Cage and Let the Birds Fly
R. Gopalakrishnan
31. 25 Years of Reforms that Led India's Pharmaceutical and Biotech Industry towards Global Leadership
Kiran Mazumdar-Shaw
32. The Impact of the 1991 Economic Reforms on Indian Businesses
Narayana Murthy
Notes
Contributors
Index 659
