The Market that Failed

Neoliberal Economic Reforms in India

C.P. Chandrasekhar, Jayati Ghosh

LeftWord Books, New Delhi, 2017

Language: English

210 pages

Price INR 125
Book Club Price INR 90
In stock

The explicit adoption of a neoliberal reform programme in mid-1991 by the Indian government was the start of a period of intensive economic liberalization and changed attitudes towards government intervention in the economy. This book surveys the actual experience of the last decade to argue that this strategy has not just failed to deliver sustained growth, but has had damaging consequences from the point of view of employment, poverty alleviation and equity. It covers a wide range of areas, including fiscal and monetary policy, privatization and the experience with foreign direct investment, and analyses the political economy of the reform process.

C.P. Chandrasekhar

C.P. Chandrasekhar taught economics at the Centre for Economic Studies and Planning, Jawaharlal Nehru University, New Delhi. His areas of interest include the role of finance and industry in development, and fiscal, financial and industrial policy reform in developing countries.

Jayati Ghosh

Jayati Ghosh is Professor at the Centre for Economic Studies and Planning, School of Social Sciences, Jawaharlal Nehru University, New Delhi.

The Market that Failed
INR 125.00