Since independence in 1947 the Indian economy has been undergoing a process of continuous evolution. Globalization and liberalization have highlighted complex managerial concerns for economic institutions in India. Previous studies have focussed on the financial sector, trade and development and structural adjustment. This book concentrates on these common concerns whilst advising that the sustainability of economic institutions under globalization and liberalization will be determined only by reconciliation between the state and the free market.
PARTHASARATHI BANERJEE currently works for the National Institute of Science, Technology and Development Studies in New Delhi. He has also worked for the University of Tokyo and the State University of New York. - FRANK-JURGEN RICHTER is the director of the Asian part of the World Economic Forum. He has written many books about Asian Business and managed a European Multinational's Chinese operations for several years.