These policy recommendations—based on policy papers written during the nineties at the Ministry of Finance and shaped by a recognition of both empirical evidence and socio-political constraints—are designed to introduce economic and institutional reforms that will accelerate growth and productivity.

CONTENTS:
Acknowldegements 9;
Acronyms 11;
Introduction 15;
GROWTH, POVERTY AND EMPLOYMENT;
1. Integrated Policy Framework for the Next Decade. 19;
2. A New Development Paradigm: Employment, Entitlement and Empowerment. 117;
3. Policies for Employment Generating Growth. 145;
AGRICULTURE AND INDUSTRY;
4. Reform of Agriculture and Agro-Processing Policies. Sedition 157;
5. Policy for Investment Revival : Industrial and Investment Slowdown. 167;
FISCAL, FINANCIAL AND EXTERNAL;
6. Agenda for Reforms : Fiscal. 173;
7. Approach to Financial Reform. .203;
8. Central Value Added Tax : CENVAT. .211;
9. Agenda for Reform: External. .221;
10. Exchange Rate Management. 239;
11. Capital Account Convertibility: Looking back and Ahead the Asian Crisis. Lessons from 255;
12. Policy Measures for Meeting Capital Inflow Surge. 263;
SECTORAL POLICIES;
13. A Communications Policy for the 21st Century : Unleashing an Information-Communication Revolution. 273;
14. Telecom 2020 : Increasing Tele Density and Internet Access. 285;
15. FDI Policy for Media. 295;
16. Policy Framework for Power. 303;
17. Urban Infrastructure, Real Estate and Housing Policy : Eliminating Slums and Generating Employment. .311;
18. Railway Reform. .317;
Bibliography. .323.