A History of Economic Policy in India

"A History of Economic Policy in India provides an immersive, accessible yet rigorous understanding of the Indian economy through a political economy framework. It provides a birds-eye view of the politics, context, and ideas that shaped major economic policies in independent India and argues that they are the product of crisis, coalitions, and contingency - not necessarily choice. Each chapter focuses on specific political regimes: colonial rule, Jawaharlal Nehru, Indira Gandhi, liberalization under coalition governments, the UPA government, and the NDA government. The book evaluates how well a government executed its policies based on the economic and political constraints it faced, rather than economic outcomes. The book's framework provides multiple perspectives and analyzes economic policies as an outcome of interactions between dynamics in the economy using theories to make sense of the economy, political ideology, historical conditions, and international context"--