"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 of 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."--BOOK JACKET.