Home to 1.1 billion people with a median age of under 25 years, India has phenomenal potential for growth. With real per capita income growing in excess of 7 per cent per annum, together with an increased willingness to cooperate as well as compete with the rest of the world, the country is emerging as a major player in the global economy. Sixty years have passed since India gained independence, and it is a fascinating time to review the country's economic performance over these last few decades, and to assess future prospects and potential.
This book contains contributions from a wide range of experts on India and explores a variety of issues, including prospects for sustained higher growth, the impact of coalition governments on economic performance, trade performance and policies, microfinance issues, agricultural pricing policies and foreign direct investment and privatization. The book provides a detailed analysis of the achievements and disappointments in the modern Indian economy, and an exploration of the issues which are shaping India's economic future. Offering a comprehensive overview of the state of India's economy in the twenty-first century, this book is essential for postgraduates and scholars seeking a greater understanding of one of the world's fastest growing economies.
Introduction to the Volume; R.Jha
PART I: MEGA TRENDS IN INDIA – ECONOMICS AND POLITICS
Coalitions and Consequences: Historical, Economic, Social and Political Considerations from India; R.Jeffrey
The Indian Economy: Current Performance and Short-run Prospects; R.Jha
PART II: EMERGING ISSUES IN FISCAL POLICY IN INDIA
Ten Years of Policy-Based Sub-National Lending to India: A Retrospective; S.Howes, D.Mishra and V.J.Ravishankar
Pension Reforms in India; M.Asher
PART III: INDIA'S EXTERNAL SECTOR
Export Performance in the Reform Era: Has India Regained the Lost Ground?; P-C.Athukorala
Manufacturing Protection in India: 1971–2005; G.Pursell, N.Kishor and K.Gupta
Free Trade Arrangement between India and Japan: An Exploratory Analysis; K.Kalirajan and S.Bhattacharya
PART IV: TRENDS AND PROSPECTS FOR INDIA'S SOCIAL SECTOR
Opportunities and Challenges on Human Development; A.Deolalikar
Microfinance, Self-Help Groups and Empowerment in Maharashtra; R.Gaiha and M.Nandhi
Urban Vulnerability Reduction: Regulations & Beyond; V.Thiruppugazh
PART V: SECTORAL ISSUES
Agricultural Trade Policies and Rural Poverty: Where is India Heading?; G.Pursell and P.Warr
Market Integration in Indian Agriculture; R.Jha, K.V.Bhanu Murthy and A.Sharma
Supermarkets, Smallholders and Livelihoods — Prospects in Selected Asian Countries; R.Gaiha and G.Thapa
Privatisation and FDI in India; T.T.Ram Mohan
Energy Issues in Indian Economic Development; R.Ahuja
Consumption of Newsprint in India; R.Jha and U.N.Bhati
RAGHBENDRA JHA is Professor and Executive Director of Australia South Asia Research Centre, Australian National University. He has taught previously at Columbia University and Williams College (US), Queen's University (Canada), University of Warwick (UK), and Delhi School of Economics, Indian Institute of Management and Indira Gandhi Institute of Development Research (India).
Description
Home to 1.1 billion people with a median age of under 25 years, India has phenomenal potential for growth. With real per capita income growing in excess of 7 per cent per annum, together with an increased willingness to cooperate as well as compete with the rest of the world, the country is emerging as a major player in the global economy. Sixty years have passed since India gained independence, and it is a fascinating time to review the country's economic performance over these last few decades, and to assess future prospects and potential.
This book contains contributions from a wide range of experts on India and explores a variety of issues, including prospects for sustained higher growth, the impact of coalition governments on economic performance, trade performance and policies, microfinance issues, agricultural pricing policies and foreign direct investment and privatization. The book provides a detailed analysis of the achievements and disappointments in the modern Indian economy, and an exploration of the issues which are shaping India's economic future. Offering a comprehensive overview of the state of India's economy in the twenty-first century, this book is essential for postgraduates and scholars seeking a greater understanding of one of the world's fastest growing economies.
Contents
Introduction to the Volume; R.Jha
PART I: MEGA TRENDS IN INDIA – ECONOMICS AND POLITICS
Coalitions and Consequences: Historical, Economic, Social and Political Considerations from India; R.Jeffrey
The Indian Economy: Current Performance and Short-run Prospects; R.Jha
PART II: EMERGING ISSUES IN FISCAL POLICY IN INDIA
Ten Years of Policy-Based Sub-National Lending to India: A Retrospective; S.Howes, D.Mishra and V.J.Ravishankar
Pension Reforms in India; M.Asher
PART III: INDIA'S EXTERNAL SECTOR
Export Performance in the Reform Era: Has India Regained the Lost Ground?; P-C.Athukorala
Manufacturing Protection in India: 1971–2005; G.Pursell, N.Kishor and K.Gupta
Free Trade Arrangement between India and Japan: An Exploratory Analysis; K.Kalirajan and S.Bhattacharya
PART IV: TRENDS AND PROSPECTS FOR INDIA'S SOCIAL SECTOR
Opportunities and Challenges on Human Development; A.Deolalikar
Microfinance, Self-Help Groups and Empowerment in Maharashtra; R.Gaiha and M.Nandhi
Urban Vulnerability Reduction: Regulations & Beyond; V.Thiruppugazh
PART V: SECTORAL ISSUES
Agricultural Trade Policies and Rural Poverty: Where is India Heading?; G.Pursell and P.Warr
Market Integration in Indian Agriculture; R.Jha, K.V.Bhanu Murthy and A.Sharma
Supermarkets, Smallholders and Livelihoods — Prospects in Selected Asian Countries; R.Gaiha and G.Thapa
Privatisation and FDI in India; T.T.Ram Mohan
Energy Issues in Indian Economic Development; R.Ahuja
Consumption of Newsprint in India; R.Jha and U.N.Bhati
Authors
RAGHBENDRA JHA is Professor and Executive Director of Australia South Asia Research Centre, Australian National University. He has taught previously at Columbia University and Williams College (US), Queen's University (Canada), University of Warwick (UK), and Delhi School of Economics, Indian Institute of Management and Indira Gandhi Institute of Development Research (India).
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