Taking stock: 25 years of economic reforms
A new book offers a holistic view of the ripple effects of liberalizationand points to its unfinished business
India’s transformative economic reforms were introduced a quarter-century ago, in 1991. It is a good time to take stock of what has been achieved. Several recent articles and books attempt to do this. But India Transformed: 25 Years Of Economic Reforms—a collection of papers edited by Rakesh Mohan—is different. Contrary to expectations, it is not just a collection of papers by economists. Certainly, there are several papers by economists. But there are also papers by diplomats, journalists, other keen observers of the reforms and business leaders.