This lucid and concise overview of India’s macroeconomy presents a comprehensive assessment of governmental policies and measures crucial to economic growth and stability. Thematically structured, the book discusses the demand- and supply-side factors affecting India’s economy, poverty and inequality projecting remedial measures, fiscal and monetary policy, budget constraints, unemployment and inflation, the post-liberalization era and its effects on the labour and capital markets, future reforms in the economy, and trade and external sector.
Grounded in the Indian context with extensive case studies, illustrations, and examples, it relates economic theories to real-world
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About the Author
Nilanjan Banik is Ph D in economics from Utah State University, and MA in economics from Delhi School of Economics. His works focus on the application of time series analysis in issues relating to international trade, market structure, and development economics. Nilanjan has project experience with Australian Department of Foreign Affairs and Trade, Australia; Laffer Associates, USA; Ministry of Commerce, Government of India; Research and Information System for Developing Countries (RIS), New Delhi; Indian Council for Research on International Economic Relations (ICRIER), New Delhi; Centre for Economic Policy Research, UK; Asian Development Bank Institute, Tokyo; Asian Development Bank, Manila; South Asia Network of Economic Research Institutes (SANEI); UNESCAP-ARTNe T, Thailand, and World Trade Organization, Geneva.He was, until recently, Professor and Program Director with the Institute for Financial Management and Research (IFMR), Chennai. At present, he is associated with Mahindra École Centrale and a Consultant with CUTS International and KPMG, India. He has been on the faculty at Utah State University, USA; University of Durham, UK; University of Greenland, Nuuk; Institute for Financial Management and Research (IFMR), Chennai; Indian Institute of Management (Indore, Rohtak, and Ranchi); Madras School of Economics; and Reserve Bank Staff College, Chennai. He has also provided training for lateral recruits for Union Public Service Commission and ICICI Bank. He has published with several leading journals in addition to contributing to edited volumes. He also has the distinction of writing editorials for all English dailies in India and has written over 150 editorials.
Table of Contents
PrefaceIntroducing MacroeconomicsGrowth, Development, and Income DistributionDemand Management PoliciesInflation and UnemploymentReforms in IndiaTradeExternal Account and Exchange RatesIndia and the WTOIndex