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India has achieved an impressive economic growth since the introduction of LPG policies during 1991. The economic transition paved the path for much greater role of private sector, enhanced flow of FDI's and balanced terms of trade. However, the way in which economic transition is achieved and the process of globalisation is a mixed blessing in view of many economic, social and cultural side effects. This volume is published in honour of Professor Christopher Thomas Kurien who is among the few economists in India who made a lasting contribution to economic reach and policy. It covers some of the key issues and challenges that have emerged during and after the process of economic transition in India. In the introductory chapter on "Indian Economy in Transition : Context and Overview of Issues", the authors set the stage and context and provide an overview of 14 chapters that are included in this volume. They questioned the issue of effectiveness of economic transition in achieving the social and welfare goals and the role of ecosystems in sustaining the economic growth.
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