The Market that Failed

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The book critiques India's neoliberal reforms initiated in 1991, arguing that they have not led to sustained economic growth and have negatively impacted employment, poverty, and equity. It examines various aspects such as fiscal and monetary policies, privatization, and foreign direct investment, providing a comprehensive analysis of the political economy surrounding these reforms. Praised for its thoroughness and importance, it serves as a vital resource for anyone seeking to understand the complexities of India's economic challenges.