India's Political Economy, 1947-2004

Book excerpt: This is a revised and updated edition of the classic on India's post-Independence political economy published in the early 1980s. It addresses the fundamental paradox of India's political economy: how do we achieve the goals of increased economic growth and reduced economic and social disparities without causing social turmoil and dissent. This revised edition includes substantial new chapters carrying forward the analyses to the second generation in the 21st century.