This book was a birthday gift from my daughter !!
This is great book which gives a history of the economic progress of India from pre-Independence day till modern day’s India. What was an eye opener was : In early 18th century, India was a leading manufacturing country in the world and it had 22.6 percent share of the world’s GDP. Because of the population and availability of the cheap labor, India lagged behind in technology and innovations. The productivity was also poor due to these reasons and also because of the division of the population on the basis of the religion and caste. There are no second thoughts that British Raj looted India but it did set up the institutions which helped India in post Independence. The book explains very nicely how the License Raj started because of socialist thinking & strategy and how it affected the economic growth in post Independence. It also explains the economic liberalization which started in 1991 and how it has improved the economic conditions of many Indian, which is resulting into one of the biggest middle class population in any country.
Here is a link to the book : http://www.worldcat.org/title/india-unbound/oclc/863622721?loc=10272