After nearly five decades of insulation from world markets, state controls, and slow growth, India embarked in 1991 on a process of liberalization of controls a

In the past few years, India has emerged as a global economic power. It is one of the world’s fastest-growing economies, the leading outsourcing destination,

This book presents the changing contours of India s position in the global economy. The first section deals with India s defensive posture in the nineties vis-�

A new era of globalization, which began in the 1980s, brought about a significant decline in costs of transportation, communication, and production; considerabl