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India’s Economy

Pre-liberalisation to GST: Essays in Honour of Raj Kapila

Uma Kapila (Redaktør)

The year 2017 marks the 70th year of India's independence. The country's transformation from a colonially subjugated economy to the fastest growing major economy of the world is impressive and laudable. Les mer
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The year 2017 marks the 70th year of India's independence. The country's transformation from a colonially subjugated economy to the fastest growing major economy of the world is impressive and laudable. But the coming decade is going to be crucial for the nation. Looking ahead, what does the economic roadmap for India look like? Critical questions need to be asked and addressed.

This edited volume in honour of Raj Kapila, with contributions from a large number of eminent economists and policymakers, addresses wide array of issues confronting India's economy. A common thread in all the papers is that we need to ensure that our development process is just, humane, inclusive, sustainable, poverty reducing and environment-friendly.
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Forlag: Academic Foundation
Innbinding: Innbundet
Språk: Engelsk
ISBN: 9789332704312
Format: 23 x 15 cm
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«“Raj Kapila—economist, publisher, entrepreneur—was a remarkable human being, who, along with his economist wife, Uma Kapila, was an integral part of India’s publishing scene, making contributions to the nation’s economic policy by bringing the best ideas together for students, scholars and policymakers. I am delighted to see this fine book in memory of Raj Kapila. Given his remarkable innings in promoting the world of ideas, there is no surprise that this book is literally a who’s who of Indian economists and policymakers.” — Kaushik Basu, Professor of Economics and C. Marks Professor, Cornell University. Former Chief Economist, The World Bank and Chief Economic Adviser, Government of India.

“This book examines the development experience of independent India over the past seventy years and reflects on the decade to come. It is a rich collection of more than thirty essays by distinguished academics and eminent policymakers that spans a wide range of issues. The essential message to emerge from the volume is that economic growth can be transformed into meaningful development only if it reduces poverty, creates employment and improves the wellbeing of people. It is a valuable contribution to the literature on the subject, which should be of interest to teachers, students, researchers and policy practitioners.” — Deepak Nayyar, Emeritus Professor of Economics, Jawaharlal Nehru University, New Delhi; Honorary Fellow, Balliol College, Oxford; and former Vice Chancellor, University of Delhi.»

Foreword - Manmohan Singh
Raj Kapila: A Tribute - Pulin B. Nayak
Raj Kapila: A Tribute - Anand Prakash
About the Editor/Contributors
List of Tables and Figures
Section I
Prologue
1. Introduction - Uma Kapila
2. The Saga of the Delhi School of Economics: A Sketch - K.L. Krishna
Section II
Macro Issues
3. India's Economic Development: From the Past into the Present - Pulin B. Nayak
4. The Journey of India's Economic Reforms - C. Rangarajan
5. Twenty-Five Years of Economic Reforms and Poverty and Inequality - Bibek Debroy
6. Markets, Growth and Social Opportunity: India since 1991 - Pulapre Balakrishnan
7. The Problem of Inequality - S. Mahendra Dev
8. Growing Regional Inequality in Development in India: Recent Experience and the Way Forward - C.H. Hanumantha Rao
9. Leveraging the Demographic Dividend - Yoginder K. Alagh
10. Indian Economy: New Challenges and Opportunities - Y.V. Reddy
11. Some Notes on Digitisation, Demonetisation and Macroeconomic Policies - A. Vasudevan
12. Entering the Age of GST: Celebrate with Caution - M. Govinda Rao
13. Eight Decades of Monetary Policy in India - Deepak Mohanty
14. Prudential Levels of Public Debt - Indira Rajaraman
15. Fiscal Reforms in a Federal Framework - Vijay Kelkar
16. The Geo-economics of the Trans-Atlantic Financial Crisis and the Indian Economy - Sanjaya Baru
17. Expenditure Decentralisation in India: Institutions and Policy - M. Govinda Rao
18. Conditional Cash Transfers and Behaviour Change in India - Devendra B. Gupta
19. Statutory Regulation and Self-Regulation - S.L. Rao
20. Transforming Socioeconomic Systems for an Ecologically Safe Operating Space - Kanchan Chopra
21. Why We Need Context-Specific Economic Theories - T.C.A. Srinivasa-Raghavan
Section III
Sectoral Issues
22. Biodiversity, Biotechnology, Food and Nutrition Security - M.S. Swaminathan
23. Stranded at Jagged Crossroads: Agricultural Sector of India - R.S. Deshpande and Khalil Musa Shaha
24. Addressing Agrarian Distress - Ramesh Chand
25. Emerging Water Crisis in India: Key Issues and Way Forward - Ashok Gulati and Pritha Banerjee
26. Institutional Failures in Rural India - V.S. Vyas
27. Growth, Productivity and Job Creation in Indian Manufacturing - Bishwanath Goldar
28. Threshold Effects of Indian Labour Laws: A Critical Review of Some Recent Research - Aditya Bhattacharjea
29. Bank Debt and Neoliberal Growth - C.P. Chandrasekhar and Jayati Ghosh
30. National Development Banks and Sustainable Infrastructure in India - Nagesh Kumar
31. Living with Mega-Trade Blocs: India Needs a Strategy - Rajesh Chadha and Devender Pratap
Uma Kapila has taught Indian Economy to undergraduate students for over forty-two years. She retired as Reader from the Department of Economics, Miranda House, University of Delhi. Presently, she is Editorial Director, Academic Foundation. An Honours Graduate from Miranda House, University of Delhi and MA and PhD from Delhi School of Economics (DSE), Dr Kapila has also served on the Planning Commission Study Group on "Agricultural Strategies in the Eastern Region of India for the Seventh Five Year Plan" (Perspective Planning Division). She is the author of the book Oilseeds Economy of India (1982) published by the Institute of Economic Growth (IEG), Delhi. A prolific writer, she has authored, and edited and co-edited with Raj Kapila, a number of books on India's economy, banking and finance. Edited by her and revised every year, the popular reference text, Indian Economy Since Independence is currently running into its 28th edition. She is editor of Academic Foundation's continuing series EDI (Economic Developments in India), a monthly update on Indian economy (230 volumes published till date).