The success of India's economic reforms in accelerating growth and reducing poverty has been well-documented. In view of Manmohan Singh's key role in spearheading India's development process, this volume in his honour, brings together a collection of essays on the economic reforms initiated in 1991 and explores policies, frameworks, and strategies to fully realize their potential.
Significantly revised and updated, this new edition:
traces India's development experience and transition to an open economy;
addresses key issues in India's economy such as poverty and inequality, monetary policy, agriculture, infrastructure development, fiscal stability, and financial liberalization; and
highlights the important changes and recent developments in India's economy.
Through comparative theoretical and econometric analyses, it captures the evolution of India's policies towards liberalization and its position in the global economy.
Contributors
Introduction
Section I: India's Development Strategy
1. The design of Indian Development
2. Development Perspectives: Was there an Alternative to Mahalanobis?
3. Development, Inflation, and Monetary Policy
4. Theory and Practice of Development
Section II: Transition to Open Economy
5. Infrastructure Development in India's Reforms
6. Indian Agriculture in an Open Economy
7. Fiscal Stabilization and Economic Reforms in India
8. Liberalization, the Stock Market, and the Market for Corporate Control: A Bridge too Far for the Indian Economy?
9. India's Export Performance: A Comparative Analysis
Section III: Poverty and Reform
10. Economic Reforms and Poverty Alleviation
11. Food Security: Individual and National
12. Indian Economic Policy Reforms and Poverty: An Assessment
Section IV: Centre-State Relations
13. Tax Assignment in the Indian Federation: A Critique
14. Liberalization, Economic Reforms, and Centre-State Relations
15. The Political Economy of Centre-State Relations in India
Index
Overview
The success of India's economic reforms in accelerating growth and reducing poverty has been well-documented. In view of Manmohan Singh's key role in spearheading India's development process, this volume in his honour, brings together a collection of essays on the economic reforms initiated in 1991 and explores policies, frameworks, and strategies to fully realize their potential.
Significantly revised and ...