Includes bibliographical references and index

Preface -- Foreword by Strobe Talbott -- The road to the 1991 industrial policy reforms and beyond : a personalized narrative from the trenches / Rakesh Mohan -- India's 1991 reforms : a retrospective overview / Montek Singh Ahluwalia -- Remembering 1991...and before / Omkar Goswami -- The political economy of reforms : the art of the possible / T. N. Ninan -- India's entry into the global economy / Martin Wolf -- Trade-policy reform in India since 1991 / Harsha Vardhana Singh -- Foreign policy in the wake of economic reforms : new options and friends / Shivshankar Menon -- Navigating the post -Cold War landscape : India's rise in a contested geopolitical space / Shyam Saran -- Security and sovereignty in an open economy : new thinking after 1991 / Sanjaya Baru --India's governance challenges : why institutions matter / Sarwar Lateef -- Changing colours of government-business relations / Tarun Das -- Union-state relations and reforms / Y. Venugopal Reddy -- Energizing the states / Laveesh Bhandari -- 25 years of policy tinkering in agriculture / Ashok Gulati, Shweta Saini -- Indian manufacturing industry : on the path to global leadership / Baba Kalyani -- Political economy of petroleum sector deregulation / Vikram Singh Mehta -- India evolving : infrastructure since 1991 / Jessica Seddon, N. K. Singh -- Infrastructure : hopefully a renewed opportunity for the private sector / Vinayak Chatterjee -- Liberalization sans liberalism : the control raj and the perils of ideology and rents in higher education / Devesh Kapur -- Health care in India : a fork in the road / Nachiket Mor, Diva Shar, Sandhya Venkateswaran -- Reforms and the transformation of the monetary and banking sectors / C. Rangarajan -- Liberalizing Indian capital markets : highly successful reforms and an unfinished agenda / Jaimini Bhagwati -- Institution-building in the financial sector : the HDFC experience / Deepak Parekh -- Changes and challenges : corporate India since 1991 / Omkar Goswami -- Animal spirits : stray thoughts on the nature of entrepreneurship in India's business families after liberalization / Gita Piramal -- India's national innovation system : transformed or half-formed? / Naushad Forbes -- Consumer India's journey from zero to hero / Rama Bijapurkar -- Building a global-scale corporate in India / Mukesh D. Ambani -- Rise of the new entrepreneurial classes and the emergence of a high-growth economy / Sunil Bharti Mittal -- Liberalization and a tale of two companies : open the cage and let the birds fly / R. Gopalakrishnan -- 25 years of reform that led India's pharmaceutical and biotech industries towards global leadership / Kiran Mazumdar-Shaw -- The impact of the 1991 economic reforms on Indian businesses / Narayana Murthy