The Reserve Bank of India: Volume 4 (1981–1997) ― Part A & B (4)

The fourth volume in the series which comprises the only authoritative history of the most important institution in India’s economic development, this guide examines the eventful period between 1981 and 1997. The book is published in two parts, the first of which focuses on the transformation of the Indian economy from a regime of restrictions to progressive liberalization, and the second of which captures the implementation of structural and financial sector reforms. Meticulously researched and based on unrestricted access to the Reserve Bank of India’s untapped records, this volume is based on official records, published sources, and discussions with former senior officials associated with the Reserve Bank during the period under review. The book also benefits from oral history extracts of recorded interviews of former governors, deputy governors, and executives of the bank as well as government officials of the period. Reflecting the flavor of the debates and discussions within the Bank of India on policy proposals before they were firmed up, this book is an insider’s look at the workings of the institution that powered one of the most dynamic economies of the last few decades.