Post a screen shot of how image appears in Library module and develop module.
Try calibrating your monitor and use sRGB IE61966-2.1 as your monitor profile and share the results with us.
- Refer : http://www.lightroomqueen.com/articles-page/how-do-i-change-my-monitor-profile-to-check-wh ether-its-corrupted/
Well, I have fixed the problem though I'm not quite sure what was causing it in the first place
I first switched to a default color profile for the monitor. I believe the default profile uses an AdobeRGB space rather than sRGB. After this change, the appearances of the library and develop module renderings were the same. Specifically, they looked like the library module did before the change. The "hot" appearance of the develop rendering was gone.
I then did another calibration of the monitor to see if the same problem would reappear. It did not. The photo renderings look the same in both modules even when the new display calibration is used.
Finally, I switched back to the original calibration profile to see if the problem would reappear. Surprise, it did not. The library and develop module renderings are identical with the original calibration too.
So, it seems to me that the Windows color management system was malfunctioning for some reason resulting in a color space mismatch between the library and develop modules renderings.
Indeed, most of the times these kind of issues are result of bad monitor profile, my personal suggestion would be to test out the original profile for few days and if you still face issues go back to sRGB IE61966-2.1 as your monitor profile.