Indian economic development is only five decades old. Its future course seems to be bright but uncertain. There are lots of good and impressive points about India's emergence as a prominent economic power and people in industrialized countries are taking note of these changes. India's huge middle class, that increasingly includes the rural well to do, are all aspiring for a higher standard of life for themselves and for their children. They are making their children seek better marks and learn new skills; they are doing their best in all walks of life to get ahead and catch up with global standards. It is this middle class that is the driving force behind the great push forward that can make India great in the future. In this thrust forward, this book discusses the role of the government. But more importantly, the book aims at explaining the workings of the Indian economy, not to the 'initiated', but to the intelligent reader who is interested in knowing more about India's changing economic pattern. It aims at presenting the various intricacies of the Indian economic system simply and clearly.
Jayshree Sengupta is a senior fellow at Observer Research Foundation. Formerly a senior economic writer at the "Hindustan Times," she has been a consultant to the World Bank and OEC. She is the author of "The 1992 Single European Market and the Third World. "