The Indian economy continues to grow rapidly, taking in its stride poor harvests and rising oil prices.Industrial output, which had tended to be relatively low, has increased to double-digit levels, accompanied by rising levels of savings and investment. India's healthy export performance has resulted in increased amounts of foreign exchange reserves, insuring against a large balance of payments (BOP) deficit in the future.
In this volume edited by Manmohan Agarwal, leading experts consider India’s prospects for sustainable growth. The contributors consider such issues as foreign direct investment, technological capacity, reservations for minorities in educational institutions and energy scarcity. This volume complements Dr. Agarwal’s other work for CIGI on India.