Kaushik Basu

As we get into the twenty-first century, the concept of the Indian economy has come to encompass a mind-boggling array of topics, phenomena, and complexities. And, with that, the so-called expert on the Indian economy is becoming a vanishing tribe. Someone may have expertise on Indianagriculture but not know anything on the countrys financial markets; another may possess knowledge of the nations many standard-of-living indicators but be innocent of the world of fiscal policy. The aim of this ambitious book is to make amends for this. It provides a comprehensive and far-reachingcompendium of essays on a vast range of themes pertaining to the Indian economy. It should serve as an essential reference not just for students of India and economists working on the Indian economy, but for bureaucrats and policymakers, and corporate investors and entrepreneurs interested incontemporary India. Among the over 190 authors are some of the most eminent economists of the world, corporate leaders and CEOs and important politicians. As a consequence this book is not just a reference volume but a record of the thinking of our times. The new edition has several revised entries on sectors of the Indian economy that have been undergoing rapid transformation during the very short time the first edition was under way. For example, IT and ITes, where the domestic market is luring more IT players and MNCs; Savings and Investments;aviation, a sector which is on a high growth trajectory, etc. Also, in keeping with the new and emerging sectors that are evolving in a dynamic economy and showing sharp development, there are new entries on SEZs; land rights; self-help groups, demographic dividend etc to keep readers updated. A newintroduction and a new cover blurb highlight these issues along with reviews from economists as well as comments from mainstream media.

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