Economic Institutions in India

Sustainability Under Liberalization and Globalization

Editors: Banerjee, P., Richter, F. (Eds.)

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About this book

Since independence in 1947 the Indian economy has been undergoing a process of continuous evolution. Globalization and liberalization have highlighted complex managerial concerns for economic institutions in India. Previous studies have focussed on the financial sector, trade and development and structural adjustment. This book concentrates on these common concerns whilst advising that the sustainability of economic institutions under globalization and liberalization will be determined only by reconciliation between the state and the free market.

About the authors

SUMIT AGARWAL Financial Economist, FleetBoston Financial PRADEEP AGRAWAL Institute of Economic Growth, New Delhi R.B. ADHIKARI Senior Capacity Building Specialist, Asian Development Bank Institute BASUDEB BISWAS, Professor, Department of Economics, Utah State University SUMON KUMAR BHAUMAK Research Fellow, London Business School SAUD CHOUDHRY Department of Economics, Trent University, Ontario ANITA GHATAK The University of Greenwich MADANMOHAN GHOSH Department of Economics, University of Western Ontario R.N.GHOSH Department of Economics, University of Western Australia SATISH JAIN, Centre for Economic Studies and Planning, New Delhi RAGHBENDRA JHA Australia South Asia Research Centre RAFIQUL ISLAM MOLLA Professor of Economics, North South University, Bangladesh PARAMITA MUKHERJEE Junior Economist, ICRA, Calcutta SALIM RASHID Professor of Economics, University of Illinois TAPEN SINHA, ING Commercial America Chair Professor JANDHYALA TILAK National Institute of Educational Planning and Administration, New Delhi MUNIR QUDDUS Dean College of Business, A&M University, USA


'There are numerous books on the Indian Economy: its problems and prospects. It is hard to say anything new and insightful on the subject. But this book manages the improbable. It is an important contribution that no serious student of the Indian economy can afford to neglect.' - Jagdish Bhagwati, Professor of Economics, Columbia University

'This book will help to see India's economy and society become more and more integrated with those of the rest of the world. I recommend it to everybody having interests to study and co-create the future of India.' - Sanjiv Goenka, President, Confederation of Indian Industry; Vice-Chairman and CEO, RPG Enterprises Ltd

'Banerjee and Richter have taken on and succeeded in a most daunting task: saying something new and refreshing on the Indian economy as well as presenting some coherent and practical ideas on how to accelerate its growth. Their book is a collection of 15 thoughtful and well researched essays on three areas critical to the future prospects of Indian economy: fiscal and financial dynamics; exports and trade regime; and institutional development. The book makes a particularly special contribution through its discussion of the issues related to the reconciliation of internal country dynamics (and history) with the global imperatives for the reform of India's economic institutions.' - Harinder Kohli, President and CEO, Centennial Group

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Bibliographic Information

Bibliographic Information
Book Title
Economic Institutions in India
Book Subtitle
Sustainability Under Liberalization and Globalization
  • P. Banerjee
  • F. Richter
Palgrave Macmillan UK
Copyright Holder
Palgrave Macmillan, a division of Macmillan Publishers Limited
Hardcover ISBN
Edition Number
Number of Pages