Conversations with Indian Economists
V N Balasubramanyan
Macmillan India Limited
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203 pages/Rs 248
Professor Balasubramanyan teaches development economics at Lancaster University, and frequently visited India during the last three years, researching the software industry. While meeting the young professionals in that industry, many of them with international work experience, he often came across unflattering comparisons between India, China, and the countries of East and South-East Asia.
Why on earth did India adopt an inward-looking state-led model of development, which left the economy bound hand and foot with red tape? Why didn