As an economist who had absorbed the best of the Keynesian revolution, macro-economic balances remained the grid on which Pramit Chaudhuri laid out his building. But his passion as a social scientist analysing an economy with perhaps the largest burden of poverty in the world came out in the...

While most of the advanced capitalist countries are reeling under a severe financial crisis, the rapid growth of India and China, the two largest and fastest growing economies in the world, are contributing to the realignment of the world economy. At the same time, the transition in these...