Product Description This volume introduces India and the nature of its markets, looks at various historical aspects of the countries economic policies, and examines trends in the long term effects of these policies. Review `Reviews from the cloth edition: A comprehensive survey and analysis of India's macroeconomic strategy and performance in the quarter-century leading up to the "liberalization" era of the present ... its basic "story-line" is readily intelligible to the layman and clearly told ... This book provides a scholarly and authoritative treatment of India's recent macroeconomic history.' The Round Table`Vijay Joshi and Ian Little have ... written a superb account of the Indian economy.' Meghnad Desai, Times Higher Education Supplement`This study is probably the most cogent account so far of India's economic reforms since 1991.' The Economist`A comprehensive survey and analysis of India's macroeconomic strategy and performance in the quarter-century leading up to the "liberalization" era of the present ... its basic "story-line" is readily intelligible to the layman and clearly told ... This book provides a scholarly and authoritative treatment of India's recent macroeconomic history.' The Round Table About the Author Vijay Joshi is a Fellow at Merton College, Oxford. I. M. D. Little is Emeritus Fellow at the Nuffield College, Oxford.