A Concise Handbook of the Indian Economy in the 21st Century

Description

After a phase of slow growth post Independence, the Indian economy has experienced significant changes since the mid-1980s as a result of major reforms.  India’s growth story has defied established economic patterns and, in the process, created interesting paradoxes that have attracted global attention.

In this new edition of A Concise Handbook of the Indian Economy in the 21st Century, select chapters from the original have been updated to present a brief but comprehensive overview of the Indian economy, contributing to a finer understanding of India’s economic development.

The volume adopts a non-ideological and forward-looking approach to discuss important economic issues. It takes into account various social and political factors impacting the Indian economy, and compares the importance of  external market factors with that of domestic reforms in India’s economic growth.

The book aims to provide a deep understanding of the economy based on careful fact-based research, which is a pre-requisite for formulating pragmatic reforms necessary to achieve sustained and inclusive growth.

About the Author

Ashima Goyal is professor, Indira Gandhi Institute of Development Research, Mumbai, India. She has published widely on institutional and open economy macroeconomics, international finance, and governance. She has to her credit books as well as scholarly articles in leading Indian and international journals. The recipient of many fellowships and awards, she is active in Indian public debate and has served on several boards and policy committees, including the Reserve Bank of India’s Technical Advisory Committee for Monetary Policy and the Prime Minister’s Economic Advisory Council.

Contributors

Anurag Sharma

Aradhna Aggarwal

Ashima Goyal

Ashwini Deshpande

Bandi Ram Prasad

Kanagasabapathy

Laveesh Bhandari

Nagesh Kumar

Pulapre Balakrishnan

Raghbendra Jha

Rajesh Chakrabarti

Rekha A. Bhangaonkar

Romar Correa

Mahendra Dev

Sriraman

Shruti J. Pandey

Soumyen Sikdar

Srijit Mishra

Sumita Kale

Vijay Laxmi Pandey

Table of contents

List of Tables and Figures

Introduction by Ashima Goyal

1. Sources of Growth in India

Laveesh Bhandari and Sumita Kale

2. After Liberalizing Reforms: The Importance of Domestic Demand

Pulapre Balakrishnan and Ashima Goyal

3. Fiscal and Monetary Policy: Outcomes and Coordination

Romar Correa

4. Monetary Policy Transmission in India: Interplay of Rate and Quantum Channels

Kanagasabapathy, Rekha A. Bhangaonkar, and Shruti J. Pandey

5. Openness and Growth in the Indian Economy 

Soumyen Sikdar

6. Reforms and Global Economic Integration of the Indian Economy: Emerging Patterns, Challenges, and Future Directions 

Nagesh Kumar

7. Poverty and Inequality: Redesigning Interventions 

Raghbendra Jha and Anurag Sharma

8. Caste, Class, Gender: Dynamism or Stasis? 

Ashwini Deshpande

9. A Governance Analysis of Transportation in India 

S. Sriraman

10. Promoting Special Economic Zones as a Strategy of Industialization and Lessons Learned 

Aradhna Aggarwal

11. Agriculture in India: Performance, Challenges, and Opportunities 

S. Mahendra Dev, Srijit Mishra, and Vijay Laxmi Pandey

12. New Sources of Dynamism in the Industry 

Bandi Ram Prasad

13. The Financial Sector in India: An Overview

Rajesh Chakrabarti

Index

Notes on Editor and Contributors