India : the emerging giant / by Arvind Panagariya

Includes appendix, reference and index.

PART I: GROWTH AND ECONOMIC REFORMS -- Distinguishing four phases -- Phase I (1951-65): Takeoff under a liberal regime -- Phase II (1965-81): Socialism strikes with a vengeance -- Phase III (1981-88): Liberalization by stealth -- Phase IV (1988-2006): Triumph of Liberalization -- A tale of two countries: India and the republic of Korea -- PART II: POVERTY, INEQUALITY, AND ECONOMIC REFORMS -- Declining poverty: the human face of reforms -- Inequality: a lesser problem -- PART III: MACROECONOMICS -- Deficits and debt: Is a crisis around the corner -- The external sector: On the road to capital account convertibility -- The financial sector: why not privatize the banks -- PART IV: TRANSFORMING INDIA -- International trade: carrying liberalization forward -- Industry and services: walking on two legs -- Modernizing agriculture -- PART V: THE GOVERNMENT -- Tax reform: towards a uniform goods and services tax -- tackling subsidies and reforming the civil service -- Telecommunications and electricity: contrasting experiences -- Transportation: a solvable problem -- Health and water supply and sanitation: can the government deliver -- Education: expenditures or transfers