This book examines the issues of financialization, investment climate and the impact of trade liberalization. By analysing these three features of neoliberal reform the book is unique, since it accommodates both a mainstream neoclassical approach and a non-mainstream political economy approach.

Introduction Part I: Finance 1. Finance and The Real Economy: The Evolving Distance 2. Capital Accumulation and Finance Capital in the Age of Finance 3. Revisiting 'Fictitious Capital' and the Autonomy of Finance in the Circuit of Global Capital 4. Financial Sector in the Indian Economy: Some Reflections using Hyman Minsky's lens 5. Is Priority Sector Lending Responsible for Higher NPA in Banking Industry? 6. An Empirical Exploration of Indian Stock Market: Investigating the Interface of Return, Sentiment and Exchange Rate Part II: Investment 7. The Dynamics of Global Demand, Investment and Trade Deficit in India: A Model of India's External Dependence 8. India's Recent Slowdown and Neoliberal Regime of Accumulation: Is There a Link? 9. Foreign Direct Investment and Productivity Spillovers: Evidence from Indian Pharmaceutical Industry Part III: Trade 10. Reformatory Policies and Factor Prices in a Developing Economy with Informal Sector 11. Impact of Trade Liberalization on Informal Employment: A Theoretical Approach 12. Trade Potential and WTO Issues for West Bengal