Synopsis The Liberalisation: Challenge of Change is exciting theme, which requires a lot of soul-searching given the experiences of liberalization in many developing/newly industrialized countries. Substantially based on original research papers of eminent academics/economists from various universities and institutes, the present book is organised in four major parts, viz. Economic Scenario and Liberalisation; Liberalisation and Functional Performance; Financial Systems: Emerging Scenario; and Globalisation of Indian Economy, thus consisting of total thirty papers. The students, researchers and academics besides the administrators and policy planners will find this volume most useful and informative.