Since the Indian economy was liberated from bureaucratic, socialist controls in 1991, it has developed rapidly. A country once renowned for the backwardness of its industries, its commerce and its financial market is now viewed as potentially one of the major world economies of the twenty-first...

This book is open access under a CC BY-NC-ND license. This volume analyzes the economic, social, and political challenges that emerging states confront today. Notwithstanding the growing importance of the ‘emerging states’ in global affairs and governance, many problems requiring immediate...