Acknowledgements List of figures and tables Part I. Overview 1. Elizabeth Chatterjee and Matthew McCartney, 'Revisiting The Political Economy of Development in India' 2. Pranab Bardhan, 'Reflections on Indian Political Economy' Part II. The Indian Economy Three Decades On 3. Matthew McCartney, 'The Stagnation Debate: An Enduring Legacy' 4. Maitreesh Ghatak and Ritwika Sen, 'Growth and the Subsidy Raj in India: Re-examining the Bardhan Hypothesis' 5. James Manor, 'India's Political Economy: Has Something Crucial Recently Changed?' Part III. The Dominant Proprietary Classes: Continuity and Change 6. Rob Jenkins, 'Business Interests and State Autonomy in India' 7. John Harriss, 'The Second Dominant Proprietary Class: Rich Farmers and the Political Economy of Indian Development' 8. Elizabeth Chatterjee, 'All Shook Up? State Professionals in the Reform Era' Part IV. New Elites 9. Leela Fernandes, 'Rethinking the Dominant Proprietary Classes: India's Middle Classes and the Reproduction of Inequality' 10. Barbara Harriss-White, Muhammad Ali Jan, and Asha Amirali, 'Malgudi on the Move: Bardhan's Political Economy and the Rest of India' Part V. Conclusions 11. Michael Walton, 'An Indian Gilded Age? Continuity and Change in the Political Economy of India's Development' Index About the editors

The book is written by leading young and established scholars, many of them very well known in the field-not least Pranab Bardhan himself. This volume provides a sweeping overview of what has changed in the second half of India's great seven-decade experiment with democracy. It tackles some of the thorniest issues in Indian politics today, including the growing influence of big business and the middle classes, competition for state resources, the sustainability of economic growth, and why India continues to be plagued by bad roads and poor electricity supply.

Elizabeth Chatterjee is lecturer in Regional and Comparative Politics at Queen Mary University of London. Matthew McCartney is associate professor of the department of Political Economy and Human Development of South Asia at the University of Oxford.

The book is written by leading young and established scholars, many of them very well known in the field-not least Pranab Bardhan himself. This volume provides a sweeping overview of what has changed in the second half of India's great seven-decade experiment with democracy. It tackles some of the thorniest issues in Indian politics today, including the growing influence of big business and the middle classes, competition for state resources, the sustainability of economic growth, and why India continues to be plagued by bad roads and poor electricity supply.