This first-of-its-kind collection summarizes current trends in the economic scenario of India and China in the backdrop of globalization and outlines not only the goals and strategies for development but also the policies to achieve those goals. It provides a frame of development by addressing various issues such as how to expand the services sector, how to keep pace with the incredible growth of the manufacturing sector and how to ensure widest possible diffusions of the huge economic gains.Economic Reforms in India and China: Emerging Issues and Challenges presents the latest data and appraises issues pertaining to the economic reforms of India and Chinatwo of the major contenders for global power. The two countries have followed different paths to economic growth and yet both have emerged as fast growing economies. Thus, it is interesting to know the comparative views of the growth stories of the two countries to see where they are heading. The volume brings together some of the most influential scholars in development economics from India and China. They address issues that include the governance as well as the historical perspective of globalization, poverty, inequality of income and the potential for conflict, agriculture, WTO and its relation with trade prospects, and the nature and characteristics of institutions and markets.The compilation is a significant addition to the existing literature on development and reforms, as it puts forward in a single volume, a vast range of academic concernsthose of economists, sociologists, policy makers, agricultural scientists and research scholars.