Indian Economy (Economic Development and Policy) By Uma Kapila

Rs. 507.00

Author: Uma Kapila

Publisher: Academic Foundation Publishing

ABOUT THE BOOK

This book has been designed to cover the course content of Indian Economy paper for the students of B.A. Programme and B.A. (Hons.) other than Economics, including B. Com (Hons.). The book, in five sections, aims to provide comprehensive coverage of the Indian economy as per the course outline with original readings as recommended.

Section I discusses the issues in growth, development and sustainability and factors in development followed by economic development in India since Independence (Section II). Section III is devoted to growth and structural change in Indian economy. Section IV provides an assessment of Indian development experience covering critical evaluation of growth, inequality, poverty, employment and unemployment. Section V looks into a comparative picture of Indian economy.

The analysis and discussion covering these 5 sections in 20 chapters include contributors by economics and experts in their respective fields.

CONTENTS IN DETAIL

Preface

Contributors

SECTION I

ISSUES IN GROWTH, DEVELOPMENT, SUSTAINABILITY

AND FACTORS IN DEVELOPMENT

1. Growth, Development and Sustainability

Uma Kapila

• Introduction

• What Does Development Mean

• Economic Growth and Economic Development

• The New View of Economic Development

• Development, Freedom and Opportunities

• The Three Objectives of Development

• Human Development

• Are there Limits to Human Development?

• What Makes Development Unsustainable?

• The Current State of Human Development

• The Millennium Development Goals

• Developed and Underdeveloped Countries

• Defining the Developing World

• Characteristics of the Developing World:

Diversity within Commonality

2. Factors in Development

Uma Kapila

• Introduction

• Economic Factors

• Non-Economic Factors

• Conclusion

3. Capital Formation

Uma Kapila

• What is Capital Formation?

• Process of Capital Formation

• Role of Capital Formation

• Problem of Capital Formation

• Theory of Balanced Growth

• Supply-Side of Capital Formation

• Foreign Capital and Economic Development

SECTION II

ECONOMIC DEVELOPMENT IN INDIA SINCE INDEPENDENCE

4. Indian Economy at Independence

Uma Kapila

• The Colonial Regime

• The India of 1947

• The Agrarian Scene

• The State of Indian Industry and its Structure

• The Planning Era

5. Planning, Market and the State

Uma Kapila

• Structural Constraints and the

Development Strategy

• Role of the State as Visualised in the Fifties

• Evolution of Strategy and Priorities

• Changing Perceptions

• Role of Planning in a Market Economy

• Redefining the Role of State

• The Government, the State and the Market

• Relevance of Planning Commission

• NITI Aayog: Role and Functions

6. Monetary, Fiscal and Budgetary Developments

Policies and their Impact

Uma Kapila

• Monetary Policy

• Fiscal Policy

• Recent Fiscal Performance

• Medium-Term Fiscal Framework

• Conclusions

7. Fiscal Federalism: Centre-State Fiscal Relations

Uma Kapila

• Fiscal Federalism

• Fiscal Transfers

• Guiding Factors and Work Processes

• The Context

• Major Recommendations of FFC

• Implications of FFC Recommendations for

Fiscal Federalism: A Way Ahead

8. Demographic Constraint: Population Change

and Economic Development

Uma Kapila

• Introduction

• Economic Development and Population Growth

• The Microeconomic Theory of Fertility

• Population Trends

• Gender Equity and the Demographic Transition

• Population Policy since 1947

• National Population Policy, 2000

• Human Resource Development

• Public Expenditure and Education Policy

• Health Care as a Social Responsibility

• Human Development: International Comparison

• Disparities and Divides

• Tamil Nadu: The Success Story

• The Future

• Demographic Dividend and Related

Policy Interventions

9. India’s Demographic Transition and its

Consequences for Development

Tim Dyson

• India’s Demographic Transition

• Urbanisation

• The Future

• Discussion

10. India’s Labour Market During the 2000s:

Surveying the Changes

Jayan Jose Thomas

• Broad Trends in Labour Absorption

• Explaining Jobless Growth (Second-Half of 2000s)

• Continuing Challenges to a Modern Labour Market

• Missing Women in the Indian Economy

• Conclusions

SECTION III

GROWTH AND STRUCTURAL CHANGE

11. Growth and Structural Change Since 1951

Uma Kapila

• Periodisation of Indian Growth Experience

• India’s Growth Turnaround

• Aggregate Demand

• Priorities for Reviving Growth

• Reform Agenda

• Performance on Inclusiveness

• 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

12. The Recovery of India: Economic Growth

in the Nehru Era

Pulapre Balakrishnan

• Introduction

• Nehru-Mahalanobis Strategy

• A Record of Growth in the Nehru Era

• Caricature of a Vision: Through a Glass, Darkly

• Conclusions

13. Growth Record of the Indian Economy,

1950-2008: A Story of Sustained Savings

and Investment

Rakesh Mohan

• A Review of the Indian Growth Process

• Prospects for the Next Five Years

• Issues and Challenges

14. Growth and Investment: The Interlinks

C. Rangarajan

• Behaviour of Saving

• Behaviour of Investment

• The Way Forward

SECTION IV

ASSESSMENT OF INDIAN DEVELOPMENT EXPERIENCE

15. Assessment of the Growth Experience

Poverty, Inequality and Unemployment

Uma Kapila

• Poverty and Unemployment

• Poverty Estimates

• Poverty and Inclusive Growth

• Inequality

• Urban Inequality After Economic Reforms

• Employment

• Employment, Unemployment and

Labour Force Dynamics

• Underemployment: A Continuing

Characteristic of Employment

• Characteristics and Structure of the

Indian Labour Market

• Trends and Patterns of Employment Growth

• Summing Up: Key Features of the

Employment Situation

• Labour Market Reforms Would Help Boost

Employment Creation

• Public Employment Programme for the

Unorganised Workers: The Case of NREGA

• The Performance

• Success Stories

• Policy Agenda

• Employment Perspective

• Skill Development: The Challenge

16. Labour and Employment in Fast Growing

India: Issues of Employment and Inclusiveness

T.S. Papola and Alakh N. Sharma

• Introduction

• Some Characteristics of the Indian Labour Market

• Trend and Pattern of Employment Growth

• Impact of Global Financial 2008 Crisis on

Indian Labour Market and Employment

• Quality of Employment and Disparities

• Increasing Labour Flexibility and Erosion

of Labour Rights

• Conclusion and Policy Agenda

17. Counting the Poor: Measurement and Other Issues

C. Rangarajan and S. Mahendra Dev

• Clarifications on Issues

• What is New?

• Use of Calories

• Multidimensional Poverty

• Higher Urban Poverty

• NAS-NSS Consumption Differences

• Poverty Measures in Other Countries

• Public Expenditure and Poverty

• Poverty Ratio for Eligibility under Programmes

18. Inequities in Access to Health Services

in India Caste, Class and Region

Rama Baru, Arnab Acharya, Sanghmitra Acharya,

A.K. Shiva Kumar and K. Nagaraj

• Determinants of Health Inequities

• Features of Health Service Provisioning

• Inequities in Access to Health Services

• Factors Affecting Equity in Access to

Health Services

• Equity Enhancing Initiatives

• The Way Forward

SECTION V

COMPARATIVE PICTURE OF INDIAN ECONOMY

19. China and India: Idiosyncratic Paths to High Growth

Kaushik Basu

• Introduction

• Economic Growth: Core Factors

• The Asian Theatre

• China and India: What Were the Triggers?

• Notes on Markets and Interventions

20. Indian Economy Today:

Overview and Comparative Perspective

Uma Kapila

• Macroeconomic Management and Policy Reform

• Outlook for Growth

• Comparisons with the Non-African Poor

• India’s Decline in South Asia

• India Among the BRIC

• Conclusion

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Indian Economy (Economic Development and Policy) By Uma Kapila

ABOUT THE BOOK

CONTENTS IN DETAIL

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QUESTIONS & ANSWERS

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