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Academic Foundation [Indian Economy, Performance and Politics 18th Edition (English) Paperback] by Uma Kapila

Academic Foundation [Indian Economy, Performance and Politics 18th Edition (English) Paperback] by Uma Kapila

  • Rs. 461.00


HERE's the new, 18th Edition of the widely accepted textbook on Indian Economy for undergraduate students (BA and BCom Hons.) incorporating the latest recommended readings. The book provides a comprehensive coverage of Indian economy under five sections:I. basic issues in economic development: institutional framework and policy regimes;II. growth and distributional issues: poverty, inequality and employment;III. current perspectives in Indian agriculture: growth, productivity, constraints and pricing;IV. industry and services sector;V. financial sector and the external sector.The author Dr. Uma Kapila has specially designed this book based on the latest original readings recommended for the undergraduate courses, some of these being available in her edited books: Indian Economy Since Independence, 28th Edition (2017-18), Indian Econo-mic Development Since 1947 (2016-17 Edition) and Indian Economy: Economic Development and Policy (2016 Edition).In the present volume, author has made an effort to keep the language simple without compromising the effectiveness of the argument or diluting the analyses. The book also carries a comprehensive Glossary. Apart from undergraduate students, the book is widely used by students preparing for the IAS and other competitive examinations



INDIAN ECONOMY
PERFORMANCE AND POLICIES (NEW 17TH EDITION)
UMA KAPILA
ACTUAL PRICE: INR 495


ABOUT THE BOOK
HERE’s the new, 17th Edition of the widely accepted textbook on Indian Economy for undergraduate students (BA and BCom Hons.) incorporating the latest recommended readings. The book provides a comprehensive coverage of Indian economy under five sections:
    I.    Basic issues in economic development: institutional framework
         and policy regimes;
    II.   Growth and distributional issues: poverty, inequality
         and employment;
    III.  Current perspectives in Indian agriculture: growth, productivity,
         constraints and pricing;
    IV.  Industry and services sector;
    V.   Financial sector and the external sector.
The author Dr. Uma Kapila has specially designed this book based on the latest original readings recommended for the undergraduate courses, some of these being available in her edited books: Indian Economy Since Independence, 27th Edition (2016-17), Indian Econo-mic Development Since 1947 (2016-17 Edition) and Indian Economy: Economic Development and Policy (2016 Edition). 
In the present volume, author has made an effort to keep the language simple without compromising the effectiveness of the argument or diluting the analyses. The book also carries a comprehensive Glossary. 
Apart from undergraduate students, the book is widely used by students preparing for the IAS and other competitive examinations.

PRAISE FOR THIS BOOK
Dr. Uma Kapila, author/editor of several books on Indian economy, retired as Reader, Department of Economics, Miranda House, University of Delhi. She has taught Indian economy to undergraduate students for more than 42 years. Currently, she is Senior Editor, Academic Foundation.

Contents in Detail

Peface

SECTION - I 
Economic Development in Post-Independent India
BASIC ISSUES IN ECONOMIC DEVELOPMENT

1.    Economic Development and Under Development
    –    Introduction
    –    What Does Development Mean
    –    Economic Growth and Economic Development
    –    The New View of Economic Development
            •    Development as a Multi-dimensional Process
            •    Three Core Values of Development
    –    Development, Freedom and Opportunities
    –    The Three Objectives of Development
    –    The Millennium Development Goals
    –    Developed and Underdeveloped Countries
    –    Defining the Developing World
    –    Characteristics of the Developing World:
          Diversity within Commonality
            •    Lower Levels of Living and Productivity
            •    Lower Levels of Human Capital    
            •    High Rate of Population Growth and Dependency Burden
            •    Higher Levels of Inequality and Absolute Poverty
            •    Greater Social Fractionalisation
            •    Larger Rural Populations but Rapid
                Rural-to-Urban Migration
            •    Substantial Dependence on Agricultural Production 
                 and Lower Levels of Industrialisation
                and Manufactured Exports
            •    Underdeveloped Financial and Other Markets
            •    Lingering Colonial Impacts
            •    External Dependence    
    –    Nature of Indian Economy

2.    Human Development
    –    Human Development
            •    Human Development Index
    –    Are there Limits to Human Development? 
            •    Sustainability, Equity and Human Development
    –    What Makes Development Unsustainable?
    –    The Current State of Human Development 
    –    Human Development: International Comparison 
    –    State of Human Development in India
 

3.    India’s Economy at Independence
    –    Introduction
    –    The Relative Importance of Various Industrial Activities
            •    Composition of National Income
            •    The Working Force
    –    The Agrarian Scene
            •    Stagnating Agriculture
                –    Causes
                        Regressive Agrarian Structure
                        Internal Drain of Capital
                        Poor Technology
    –    India’s Industrial Production and its Structure
            •    India’s Industrial Resources
            •    The Decline of Traditional Industry
                 and the Development of Modern Industry
    –    Some Positive Features

 

GROWTH, INSTITUTIONAL FRAMEWORK
AND POLICY REGIME
4.    Economic Planning: Evolution and Strategy
    –    Evolution of Planning 
    –    Role of the State as Visualised in the Fifties
    –    Early Experience with Five Year Plans
    –    Changing Perceptions
    –    Role of Planning in a Market Economy
    –    Redefining the Role of State
    –    Relevance of Planning Commission
    –    NITI Aayog: Role and Functions

5.    Economic Reforms and Liberalisation
    –    Debate on Liberalisation
    –    The Background 
    –    The Macroeconomic Crisis
    –    Rationale for the Reforms
    –    Macroeconomic Reforms
            •    Structural Reforms
                –    Industrial Policy Reforms
                –    Trade Policy Reforms
                        Tariffs
                        Removal of Quantitative Restrictions
                        Indian Customs Single Window Project: 2014-15
                        Exchange Rate Reforms
                –    Financial Sector Reforms
                        Capital Markets
            •    Fiscal Adjustment and Stabilisation
    –    Economic Progress Post-1991
    –    Impact of Economic Reforms on the Vulnerable Sections
    –    Conclusion
            •    The Next Round of Reforms
 

6.    Demographic Constraint: Population Change
      and Economic Development
    –    Economic Development and Population Growth
            •    The Theory of Demographic Transition
            •    The Microeconomic Theory of Fertility
    –    How does Population Growth Affect Economic Development?
    –    India’s Demographic Transition
            •    Causes of High Birth Rate
                –    Social Factors 
                –     Economic Factors
                        Poverty
                        Lack of Social Security
                        Illiteracy, Ignorance and Belief in Fate
                        Ineffective Family Planning
            •    Fertility Rate
            •    Causes of Decline in Death Rate
                –    Control of Epidemics
                –    Control of Famines
                –    Improved Medical Facilities
                –    Spread of Maternity Homes
                –    Impact of Economic Development
    –    Measures to Reduce Birth Rate
    –    Concerns about Population Growth
    –    Gender Equity and the Demographic Transition
    –    Population Policy since 1947
    –    National Population Policy, 2000
            •    Objectives
    –    Human Resource Development
    –    The Experience of Kerala and Tamil Nadu
            •    Enabling Factors
    –    India's Demographic Dividend
            •    'Window of Opportunity' for India
            •    Estimated Demographic Bonus for India
            •    India's Response to 'Window of Opportunity'
    –    Demographic Dividend and Related Policy Interventions
    –    The Future
 

7.    Land Reforms
    –    Objectives of Land Reforms
    –    Effects of Land Reforms on Productivity and Poverty 

 

8.    Growth and Structural Changes since 1951
    –    Periodisation of Indian Growth Experience
    –    India's Growth Turnaround
            •    2003-2008: The Best Phase in Growth
            •    Recent Deceleration since 2011
            •    Recent Growth Record
                –    Aggregate Demand
    –    Growth in Gross Value Added
    –    Factor Incomes
    –    Per capita Income
    –    The Saving-Investment Balance
    –    Priorities for Reviving Growth
    –    Reform Agenda
    –    Risk Factors and Constraints
    –    Performance on Inclusiveness
            •    Multidimensionality of Inclusion
    –    The Need for Faster Growth
    –    International Comparisons
    –    Growth and Structural Change
    –    Sectoral Growth Trends
            •    Growth and Sectoral Shares, Cross-country
                Evidence and Indian Experience
    –    Inter-Regional Disparities in Growth and Development
    –    The Way Ahead
    –    Growth Prospect: An Assessment
    –    Sustainable Development and Climate Change

 

SECTION- II 
Growth and Distribution
 

9.    Poverty in India
    –    Poverty Estimates
            •    The Selection of Poverty Lines
            •    Economic Growth and Poverty
            •    Growth and Poverty Nexus
            •    Comparison of India and China in terms of Poverty Reduction
    –    Poverty and Inclusive Growth
            •    Non-income Poverty Dimensions
                –    Malnutrition
            •    A Stronger Welfare System and Improved Social Service Provision are Needed
    –    Poverty Alleviation Programmes
            •    Programme for Socially Disadvantaged 
            •    Land Reforms 
            •    Public Distribution System 
            •    Public Investment in Human Capital and Public Goods
    –    Concluding Remarks

10.    Unemployment and Employment Perspective
    –    Concepts and Measurement
    –    Characteristics and Structure of the Indian Labour Market
    –    Trend and Pattern of Employment Growth
            •    Growth in Employment, GDP and Employment Elasticity
            •    Patterns of Employment Growth at a Disaggregated Level 
                –    Primary Sector
                –    Secondary Sector
                –    Services Sector
                –    Overall Sectoral Pattern
            •    Gender Differentials in Employment Growth
            •    Long Term Perspectives
    –    Labour Market Reforms would Help Boost Employment Creation
    –    Public Employment Programme for the 
          Unorganised Workers: The Case of NREGA
            •    An Overview of the Scheme
            •    The Performance
            •    Success Stories
            •    Remaining Gaps
    –    Policy Agenda
    –    Skill Development: The Challenge
    –    Employment Perspective

11.    Economic Inequality in India
    –    Inequality
    –    Inequality after Economic Reforms


SECTION- III
Current Perspectives in Agriculture
 

12.    Agriculture: Role and Growth Performance
    –    Importance of Agriculture in National Economy 
            •    Linkage between Agriculture and Other Sectors
    –    Agricultural Growth
            •    Role of Institutional and Technological Factors
                in Agriculture Growth
            •    The New Technology
                –    Characteristics of New Technology
                –    Economic Aspects of New Technology
    –    Green Revolution
            •    Three Phases of  Green Revolution
                –  The First Phase, 1966-1972
                –  Debacle and the Second Phase, 1973-1980
                –  The Third Phase, 1981-1990
    –    Reform Period, 1991 to the Present
            •    Deceleration in Agriculture Growth
                 during 1995-96 to 2004-05
            •    Performance of the Agriculture Sector during the
                Eleventh Five Year Plan (2007-2012) and Thereafter
    –    Instability in Ouput
    –    Regional Disparities and Intra-Personal Disparities
    –    New Technology and Environmental Degradation
    –    Long-term Performance, and What could
        be Holding Back Indian Agriculture
    –    Major Factors Affecting the Growth Potential
            •    Lack of Long Term Policy Perspective
            •    Investment in Agriculture and Subsidies 
            •    Lagging Research and Development Efforts
            •    Technology Generation and Dissemination
            •    Rising Soil Degradation and Over-exploitation of Groundwater
            •    Degradation of Natural Resources
            •    Subsidies vis-à-vis Investments and Farm Support Systems
            •    Agriculture’s Terms of Trade and Farm Price Volatility
    –    Rural Distress in Post-Reform India
    –    National Policy for Farmers, 2007
    –    Emerging Imbalances
            •    Subsidies versus Public Investment
            •    Cereals Production and Build up of Stocks
    –    High Value Commodities: The Future Sources
         of Growth in Agriculture
    –    Secondary Agriculture: A Driver for Growth of Primary Agriculture
    –    Reforming the Three 'I's: Investments, Incentives, and Institutions
            •    Investments
            •    Reforming Incentives
                –    Price and Marketing Policy
            •    Reforming Institutions
                –    Marketing and Warehouse Facilities
                –    Reforming Land and Credit Markets
    –    For a High-yield Agri-trade
    –    Challenges and Outlook
13.    Agricultural Price Policy, Food
         Management and Food Security
    –    Agricultural Price Policy
    –    Food Management
            •    Food Procurement Policy
            •    Price and Distribution Controls
                in the Food Grain Market
            •    Public Distribution System (PDS) 
            •    Food Subsidy
            •    Buffer Stock
    –    Food Security
    –    Conclusion

 

SECTION- IV
Current Perspectives in Industry and Services

14.    Industrial Policy

    –    The Industrial Scene at Independence
    –    Industrial Control Regime 1950s to 1970s
    –    Performance of the Industrial Licensing System
    –    Industrial Policy Reforms 1980s
    –    The Policy Regime in the 1990s
    –    New Economic Policy (1991)
            •    Opening up to Foreign Investment
            •    Public Sector Reforms and Privatisation
    –    Industrial Policy: Recent Policy Initiatives
    –    Industrial Policy Objectives for the Twelfth Plan and Beyond

15.    Industrial Growth and Structure since 1951
    –    Industrial Growth
    –    Policy Regimes and Pattern of Growth
    –    Comparative Growth Rates in the 1980s and the 1990s
    –    Relative Contribution of Sectors to Total Production
    –    The Manufacturing Slowdown (1996-2002)
            •    Factors Causing the Slowdown: Some Hypotheses
                –    Cyclical Factors in Industrial Slowdown
                –    Structural Factors
                        Infrastructure Constraints in the Industrial Sector
    –    Recovery in Industrial Growth since 2002-03
    –    Recent Industrial Growth (2008-09 to 2013-14)
    –    Industrial-sector Performance based
         on Revised GDP Estimates
    –    Comparative Position of India
         and World Manufacturing
    –    Why has Growth Moderated?
    –    Investment in the Industrial Sector
            •    Gross Capital Formation in Industrial Sector
    –    Challenges Arising from Government Policies:
          Difficult Business Environment
            •    Labour Deployment Rigidities
            •    Infrastructure Bottlenecks
            •    Regulatory Delays and Lack of Transparency
            •    High Cost and Non-availability of Commercial Bank Credit
    –    Why did Manufacturing Sector's
     

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