Synopsis This book is the outcome of a joint Indo-Japanese seminar held in New Delhi under the auspices of the Indian Council of Social Science Research (ICSSR) in January, 1999. Contributors to this volume include distinguished scholars from Japan and India. They discuss and evaluate the ongoing economic liberalization programme in India in a comparative perspective. The compelling reasons for adopting the liberalization programme and its implementation have been analysed objectively. In particular, Japanese experiences in areas like power, agriculture, irrigation and employment adjustment carry useful lessons for India which is now undergoing a major economic and social transformation in the wake of the economic liberalization programme.