The paper analyses economic and political causes as well as outcomes of the sudden reversal of Indian economic policies in 1991–93, after four decades of autarky and interventionism. It argues that a changing political landscape and the emergence of new interest groups, coupled with a severe...

Offers an insight into the circumstances under which the policies were developed, implemented and reviewed, as well as a study of the outcomes. This book addresses questions such as: How could an organisation with no previous experience of governing accomplish a peaceful transition to democracy?...