Synopsis The India Development Report is a comprehensive and contemporary treatment of the defining issues in the country today. It combines academic rigour and objectivity with a lucid presentation of material. The issues covered include macroeconomic performance, poverty, education, pollution, urban transport, power, taxation and deficits, corporate governance, insurance and risk, privatization and liberalization. Individual chapters provide sectoral insights, link this to the functioning of the economy as a whole, and suggest future policy options. A central feature of the current policy debates in India is the 'Second Generation of Reforms' required to realize the outcome of the reforms initiated in the early 1990s. With the changing regulatory and institutional landscape, new issues have been thrust into prominence. The IDR proposes a set of measures for the new millennium: Exploitation of the knowledge-based global economy, with emphasis on promoting higher education and growth in telecommunication. Further liberalization of trade, industry and agriculture. Empowerment of the poor by consolidating anti-poverty measures. Environmental protection with the help of economic instruments, full liability laws and participatory programmes. Improvement in governance by stressing transparency and accountability. Creation of an efficient legal system that ensures economic progress and social justice. The IDR provides valuable resource material for researchers and students in the areas of development economics and business. Policy-makers, funding agencies, NGOs, journalists, and business and industry professionals will find it indispensable.