WORDI/2025/CRB/603 2025-06-18

Economic development in India

Globalisation has emerged as a very powerful force affecting the whole world. In case of Third World countries it is manifest in the introduction of a set of neoliberal reforms at the behest of multilaterals such as the World Bank and International Monetary Fund under the tutelage of the trinity of advanced capitalist countries headed by U.S. representing the interests of global finance and corporates, but also with the cooperation of ruling elites and sections of business elites and upper strata of intelligentsia as junior partners in Third World countries in many instances. Such reforms have been introduced in India starting with the BoP crisis of 1991, which marks a clear shift in the model of development adopted in the country, from a state-directed model to a market-centred model. Global­­isation amply benefits the privileged all over but adversely affects the marginal­ised peoples and countries in the world. This book provides a theoretico-conceptual overview of globalisation, and an analysis of state-level reforms, and the social, cultural and political dimensions of globalisation and reforms in India. This volume will be of much interest to researchers, teachers and students. The issues discussed in the volume will also draw the attention of civil society organisations and NGOs engaged in advocacy activities. About the Author Kameshwar Choudhary is former Professor of Sociology, Babasaheb Bhimrao Ambedkar (Central) University, Lucknow, Uttar Pradesh, India.