Reforms unshackled the major sectors of economy, propelled growth, and thrust India into the league of fastest growing nations in the world. In view of Montek Singh Ahluwalias pivotal role in crafting reforms, this volume, in his honor, brings together scholarship on various aspects of Indias economic development. Analyzing key economic challenges in growth, inequality, Reforms unshackled the major sectors of economy, propelled growth, and thrust India into the league of fastest growing nations in the world. In view of Montek Singh Ahluwalias pivotal role in crafting reforms, this volume, in his honor, brings together scholarship on various aspects of Indias economic development. Analyzing key economic challenges in growth, inequality, macroeconomic performance, monetary policy, capital markets, infrastructure, human resources, services, global finance, climate change, and international trade, it suggests appropriate policies to attain rapid and inclusive growth.