This book challenges the notion of a 'new' India, not by dismissing it as an imagined India, but by engaging in the debate as to what constitutes the new. It acknowledges that India is changing remarkably, while also acknowledging that in the overzealous enthusiasm about the new India there is collective amnesia about the other, older India. The essays argue that the increasing consolidation of capitalist markets of commodity production and consumption has unleashed not only economic growth and social change, but also introduced new contradictions associated with market dynamics in the...

This book challenges the notion of a 'new' India, not by dismissing it as an imagined India, but by engaging in the debate as to what constitutes the new. It acknowledges that India is changing remarkably, while also acknowledging that in the overzealous enthusiasm about the new India there is collective amnesia about the other, older India. The essays argue that the increasing consolidation of capitalist markets of commodity production and consumption has unleashed not only economic growth and social change, but also introduced new contradictions associated with market dynamics in the...

Have neoliberal policies truly yielded beneficial effects for India? 'Two Decades of Market Reform in India' presents a collection of essays that challenge the conventional wisdom of Indian market reforms, examining the effects of neoliberal policies enacted by the Indian government and exploding the myths that surround them.

The volume addresses three key areas. Firstly, it investigates how the high growth rate of the Indian economy has made it uneven, vulnerable and liable to poor employment generation and agrarian crises. The text refutes the hypothesis that growth in India has...