This book makes a contribution to the literature on economic change by exploring the institutional transition from state-led import substitution to deregulation and globalization in the world's most populous democracy-India. It proposes a largely internally driven 'tipping-point' model of economic change, which is in sharp contrast to the 'punctuated equilibrium' model of sudden exogenous shocks that drive transformations. It is a contribution both to India's political and economic history and to systematic ways of thinking about economic change.

• List of Tables


• Acknowledgements


• List of Abbreviations


• Introduction


• 1: Ideas, Interests, and the Tipping Point: Understanding Economic Change in India


• 2: Globalization Aborted-1966


• 3: The Path to Economic Globalization and Competitiveness, 1975-1991


• 4: Institutional Change and Competitiveness: The Boom in Telecommunications


• 5: Reforms Challenged: The Power Sector in Andhra Pradesh


• Conclusion


• Bibliography


• Index


• About the Author

Rahul Mukherji is Associate Professor, South Asian Studies Programme, Faculty of Arts and Social Sciences, National University of Singapore, Singapore. He has earlier taught at the Jawaharlal Nehru University (New Delhi), the City University of New York and the University of Vermont (Burlington).