India's New Economic Policy

This edited volume offers a critical examination of India's economic policies since 1991, focusing on the implications of India's New Economic Policy.

This edited volume critically examines the neoliberal shifts in India's economic policies that have been implemented since 1991. India's New Economic Policy brings together leading figures in the discussion on India’s economic policy, making it an authoritative critical study of this transformative period.

Conventional interpretations of the New Economic Policy view it as a catalyst for substantial economic growth in India. However, the question remains: who truly benefits from this growth? With approximately 800 million people in India living on less than $2.00 a day, it is essential to assess whether the new growth regime can significantly improve their livelihoods. The contributors analyze international policy regimes and their national adoption during times of economic crisis, alongside structural changes in global capitalism's power dynamics.

The volume delves into long-term growth trends, poverty, and employment rates across different levels in India. It highlights the main growth centers while also addressing the areas and populations that have been overlooked. By examining the advantages and deficiencies of the current policy regime, India's New Economic Policy also explores alternative economic strategies that could better serve the diverse needs of the Indian populace.