Product Description In today's complex and fast evolving environment, understanding India's economy is not just an intellectual challenge, but, with the country emerging as a major global player, also a requirement. This unique volume, the first comprehensive resource of its kind on the contemporary Indianeconomy, aims to address this need. Culled from the collective wisdom and experience of over 200 distinguished contributors, that include economists, business leaders, policymakers, and analysts, the Companion covers the evolution of the Indian economy from relative obscurity to an emergent globalforce. The more than 200 entries span the recent cover stories of India's high growth, leadership in software and information technology, and outsourcing success, and also document the backwaters--the widespread poverty, farmer suicides, child labor, and the large and impoverished informal sectorthat houses a majority of India's labor force. This revised edition, a testimonial to the dynamism that epitomizes the Indian economy, includes several new topics that have grown in significance since the first edition was planned, and several revised entries on topics that have undergone rapid transformation during the short time since thefirst edition was written. About the Author Kaushik Basu is a Professor of Economics and C. Marks Professor of International Studies in the Department of Economics, and Director at the Center for Analytic Economics at Cornell University.