Indian Economy: A Retrospective View

A collection of writings by the late distinguished economist Manu Shroff, this book of assorted articles and lectures contains his thoughts concerning different aspects of the Indian economy in its transition from the highly interventionist regime to a liberalized, open economic system, as well as various international issues that had a bearing on the Indian economy. The first part of the book focuses on the variegated dimensions of the Indian economic landscape, while the second part addresses the international repercussions of economic development with emphasis on capital flows, international monetary issues, and globalization, all of which radicalized the approach to economic policy.

Manu Shroff was a former member and policymaker of the Committee on Financial System Reforms and the Indian Finance Commission, where he was involved in shaping national, international, and federal aspects of India's financial and monetary policy. He represented India on the World Bank Board as alternate executive director and later joined as assistant secretary of the World Bank’s Development Committee. After his career in public service, he was professor at the Indian Management Institute in Ahmedabad and editor of the Economic Times. Deena Khatkhate is a former director of research at the Reserve Bank of India, a former assistant director at the International Monetary Fund, and a former senior consultant for the United Nations and the World Bank. He has written numerous articles on economic development and monetary policy, which have appeared in publications such as Economic and Political Weekly, the Journal of Post-Keynesian Economics, and Oxford Economic Papers. He is the author of Money, Finance, Political Economy: Getting It Right and Ruminations of a Gadfly.