ISBN Political Economy of Reforms in India ( Oxford India Short Introductions ) book 204 pages

Political Economy of Reforms in India discusses the political economy of the country's growth globalization and welfare. It finds that the political economy of growth and globalization are intimately connected. And the political economy of welfare though dependent to a much greater extent on state intervention than growth is critically dependent on the growth process. Governments and markets can both fail to deliver. Understanding the political process of economic change is critical for evolving a view about the importance of governments and markets in economic activity. This book highlights the critical importance of political economy during the course of development. Economic ideas about growth globalization and welfare have to traverse a political distance before citizens can benefit from economic institutions and policies. Mukherji reviews the importance of various factors that affect economic change in India and finds that the way the government especially its technocrats think is important for producing change.