Excerpts from the Foreword

While there is no dearth of available material, both in terms of views and research presentations through various electronic media, a publication like the EDI continues to be a precious resource for providing at one place, some of the best pieces of academic writing and also important reports and policy documents on different aspects of our country ’s economy. That is why EDI has also become an important source of policy ideas and analyses to the country’s policy makers as well as opinion leaders.

The most important aspect of EDI is its eclectic approach in selecting material. You will find here outstanding work of scholars representing different schools of thought such as Neo- Marxist, Keynesian, neoliberal. I cannot over emphasize the value of such an open approach for nurturing scholarship in India. - Vijay L. Kelkar, Chairman of the Forum of Federations, Ottawa; India Development Foundation, New Delhi and Janwani. Earlier, he was Chairman of the 13th Finance Commission; Advisor to the Minister of Finance (2002-2004); and is known for his role in economic reforms in India.