India’s Economy and Society


Book Description

This book is a collection of fifteen contributions that undertake a detailed analysis of seven broad dimensions of India’s economy and society. All the contributions approach the problems in their respective areas empirically, while being theoretically informed. The book begins with a section containing detailed and empirically supported chapters on the recent crisis in India’s agricultural sector and the reforms in the agricultural markets. Another section is dedicated to the issue of infrastructure financing, and new ways of financing large infrastructural projects are critically examined. Other sections are related to innovations and technology impacts on industry; international trade; health and education; labor and employment; and the very important issue of gender. The selected discussion topics are both of contemporary importance and expected to remain so for some time. Most of the chapters introduce readers to data in addition to methods of analyzing this data, to arrive at policy-oriented conclusions. The rich collection carries learnings for researchers working on a wide range of topics related to development studies, as well as for policymakers and corporate watchers.




The Republic of India


Book Description




Indian Economy: Reforms and Development


Book Description

The book presents a comprehensive study of the impact of policy reforms on output, employment, and productivity growth across sectors of India since 1991. It showcases varied responses from different sectors as they faced different degrees of policy interventions, and challenges or opportunities as regards markets, technology, and availability of skills and other complementary resources. The book also discusses the contributions of the service sector on India’s GDP and employment. The book throws light on the phenomena of rising inequality and persistent poverty which continues to shadow and be a hallmark of post-reform India, despite high economic growth. It underlines the failure of these reforms to bring about major change in social and economic organizations and institutions. The book’s contents stress on the criticality of addressing these issues as they have a serious potential of jeopardizing the country’s ability to maintain high growth momentum. With these pertinent topics, the book would be of interest not only to the research community, but also to policy makers and practitioners of various sectors addressed here.




Indian Economy


Book Description

Public Opinion And The Political System In India Symbolize The Complex Strands Of Idealism And Selfishness, Commitment And Dismay, Planning And Bureaucracy, Blame And Self-Justification, And Overwhelming Discontent That Comprise Current Indian Economic Development. Governance And People Both Must Meet Challenges Of Economic Reforms In India To Fulfill The Visions Of Economic Prosperity Of Country And Its People. The Main Challenge Is To Provide Economic And Social Opportunities To People By Streamlining Economic Policies. Market Forces Alone Cannot Determine Economic Future. Each Country Determines And Draws A Road Map For Economic Reforms That Would Be Based On Its Own Skills, Resources, Strengths And Vulnerabilities.India Needs To Find Ways To Harness The Full Creative Capability Of Its Inhabitants Across All Industries, Occupations, Classes And Geo Regions. This Would Give India An Advantage In The Global Creative Economy And Provide The World With A Large-Scale Model For How Development Of Human Capabilities Is The Most Effective Route To True Economic Development. The Success Of Functional Economic Visions Lies In Improving Quality Of Human Life. The Involved Efforts Of The Governance And People, Economists And Businesses, And Efficiency In Economic Management Are Required To Make The Visions Successful. It Is Significant How People And Governance Communicate Their Visions To Each Other.The Economics Of Providing Basic Minimum Needs To The People In India Is A Big Challenge. Government And People Must Have Reality Check About It If They Envision Economic Prosperity.This Book Indian Economy: Visions, Reality, Challenges Evokes Interest Of The Readers To These Issues, India S Aspirations To Be The Dominant Global Player, And Its Emerging And Surging Economies, And The Economics Of Providing Basic Minimum Needs To Its People.







The India Way


Book Description

The decade from the 2008 global financial crisis to the 2020 coronavirus pandemic has seen a real transformation of the world order. The very nature of international relations and its rules are changing before our eyes. For India, this means optimal relationships with all the major powers to best advance its goals. It also requires a bolder and non-reciprocal approach to its neighbourhood. A global footprint is now in the making that leverages India's greater capability and relevance, as well as its unique diaspora. This era of global upheaval entails greater expectations from India, putting it on the path to becoming a leading power. In The India Way, S. Jaishankar, India's Minister of External Affairs, analyses these challenges and spells out possible policy responses. He places this thinking in the context of history and tradition, appropriate for a civilizational power that seeks to reclaim its place on the world stage.




The Power of Creative Destruction


Book Description

From one of the world’s leading economists and his coauthors, a cutting-edge analysis of what drives economic growth and a blueprint for prosperity under capitalism. Crisis seems to follow crisis. Inequality is rising, growth is stagnant, the environment is suffering, and the COVID-19 pandemic has exposed every crack in the system. We hear more and more calls for radical change, even the overthrow of capitalism. But the answer to our problems is not revolution. The answer is to create a better capitalism by understanding and harnessing the power of creative destruction—innovation that disrupts, but that over the past two hundred years has also lifted societies to previously unimagined prosperity. To explain, Philippe Aghion, Céline Antonin, and Simon Bunel draw on cutting-edge theory and evidence to examine today’s most fundamental economic questions, including the roots of growth and inequality, competition and globalization, the determinants of health and happiness, technological revolutions, secular stagnation, middle-income traps, climate change, and how to recover from economic shocks. They show that we owe our modern standard of living to innovations enabled by free-market capitalism. But we also need state intervention with the appropriate checks and balances to simultaneously foster ongoing economic creativity, manage the social disruption that innovation leaves in its wake, and ensure that yesterday’s superstar innovators don’t pull the ladder up after them to thwart tomorrow’s. A powerful and ambitious reappraisal of the foundations of economic success and a blueprint for change, The Power of Creative Destruction shows that a fair and prosperous future is ultimately ours to make.




The Indian Economy


Book Description

Since independence, India has been pursuing economic policies and programmes which unwitthingly or knowingly are turning out to be copies or adaptations of what is being followed elsewhere, sometimes without any effort to customise them to loca; conditions, ethos or legacy.




India Today


Book Description

Twenty years ago India was still generally thought of as an archetypal developing country, home to the largest number of poor people of any country in the world, and beset by problems of low economic growth, casteism and violent religious conflict. Now India is being feted as an economic power-house which might well become the second largest economy in the world before the middle of this century. Its democratic traditions, moreover, remain broadly intact. How and why has this historic transformation come about? And what are its implications for the people of India, for Indian society and politics? These are the big questions addressed in this book by three scholars who have lived and researched in different parts of India during the period of this great transformation. Each of the 13 chapters seeks to answer a particular question: When and why did India take off? How did a weak state promote audacious reform? Is government in India becoming more responsive (and to whom)? Does India have a civil society? Does caste still matter? Why is India threatened by a Maoist insurgency? In addressing these and other pressing questions, the authors take full account of vibrant new scholarship that has emerged over the past decade or so, both from Indian writers and India specialists, and from social scientists who have studied India in a comparative context. India Today is a comprehensive and compelling text for students of South Asia, political economy, development and comparative politics as well as anyone interested in the future of the world's largest democracy.