My suggestions for the three good broad books on Indian economics:
- India: The Emerging Giant by Arvind Panagariya, Oxford, 2008.
- The Oxford Companion to Economics in India, edited by Kaushik Basu, Oxford, 2007.
- Documenting reforms: Case studies from India, edited by S. Narayan, Macmillan and Observer Research Foundation, 2006.
See my India bookshelf.