Globalization and India's economic integration /Baldev Raj Nayar.

Includes bibliographies and index.

Economic globalization, segmentation, and integration -- India and globalization : performance, perceptions, and policy -- Economic integration prior to liberalization -- Continuity and change in economic planning -- Fiscal federalism : finance commission's adaptation to new challenges -- India's halting march to the common market : reforming the indirect tax system -- Trade and its integrative impact -- Investment and integration : polarization versus diffusion -- Are we all vaishyas now? : the Indian capitalist class as an integrative factor -- Migration and integration.

A common critique of globalization is that it causes economic segmentation and even disintegration of the national economy. Quite to the contrary, Baldev Raj Nayar provides a thorough empirical treatment of India's political economy that challenges this critique by demonstrating that, on balance, both state and market have functioned to attenuate such a disintegrative impact and to accentuate economic integration. The active role of the Indian state in the areas of economic planning, fiscal federalism, and tax reform has resulted in improved economic integration and not increased segmentation.

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