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India's economic reforms are largely looked at through the prism of the fiscal deficit and privatisation, or perhaps the levels of import duty and the openness of the market to global trade.

This book attempts to correct this by looking at other important events such as the creation of the National Stock Exchange and the use of IT to address governance issues.

Each essay in this book, edited by a former finance secretary, is written by the players in the business, and well-conceived.

What's missing, except in some pieces, is a sharp comment on the state of play at present""serious regulatory inaction/ill-conceived action in the electricity and telecom sectors, for instance, has not been highlighted.

The story about the highways success didn't anticipate the project was critically dependent upon the person at the top""which is why it was ground to a halt.

Documenting Reforms

Edited S Narayan
Rs 560
338 PAGES
Macmillan-ORF