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Synopsis India today occupies the centre stage in the global arena, and economists the world-over are bullish on India's unprecedented economic growth in the last ten years and its growth prospects for the future. The large pool of human capital--a young, talented and well-educated workforce--is one of the major drivers of economic growth in the country. Rapid strides in knowledge-based industries, especially information technology, rejuvenation of the manufacturing sector, revolution in the agricultural sector and resurgence in exports have made India one the fastest growing economies in the world. The opening up of the economy and growth in entrepreneurship has made India a sought-after destination for foreign investment. The authors argue that this situation is a result of the first generation economic reforms, initiated primarily by the Central Government. For inclusive growth, the onus is on the State Governments to carry forward a second generation of reforms. In this context, the book examines: The state of the Indian economy after one and a half decades of liberalisation and its role in the fast changing global economy. The economic performance of various Indian states during this period; and  Sectors that have done well and those that need substantial improvement in terms of adoption and implementation of reform measures. This book would be of interest to students and researchers of economics, politics, history and sociology.