In this volume, leading economists assess India's economic performance, policies and institutions.

1. Introduction Nicholas C. Hope, Anjini Kochar, Roger Noll and T. N. Srinivasan; Part I. The Macro Economy: 2. Federalism and economic development in India: an assessment Nirvikar K. Singh and T. N. Srinivasan; 3. India and China: trade and foreign investment Arvind Panagariya; 4. Financial sector reforms and monetary policy: the Indian experience Rakesh Mohan; Part II. Institutional Reforms: Agriculture and Education: 5. Land reform, decentralized governance and rural development in West Bengal Pranab Bardhan and Dilip Mookherjee; 6. Market-driven agricultural growth: contrasting experiences in Punjab and Rajastham Peter Hazell, Abhijit Sharma and Laurence Smith; 7. India's higher education opportunity Naushad Forbes; 8. Improving the quality of rural primary schools: an evaluation of a computer aided learning program in south India Verghese Jacob, Anjini Kochar and Suresh Reddy; Part III. Employment, Industrial Structure and Poverty: 9. The missing middle Anne O. Kreuger; 10. Some aspects of the trends in employment and unemployment in Bihar and Kerala since the seventies T. N. Srinivasan and Treb Allen; 11. Size matters: urban growth and poverty in India 1983-2005 Peter Lanjouw and Rinku Murgai; Part IV. Infrastructure: Electricity and Transportation: 12. An assessment of Indian telecommunications reform Roger Noll and Scott Wallsten; 13. Managing demand-side economic and political constraints on electricity industry restructuring process Frank A. Wolak; 14. Moving India: the political economy of transport sector reform Nirvikar K. Singh and Jessica S. Wallack.