Written in a clear and objective manner, this revised edition of the popular textbook provides comprehensive coverage of the Indian economy. With extensive references to original works, this account examines updated data and answers important financial questions on topics that include basic issues in economic development, economy and independence, policy regimes, development and structural change, and sectoral trends and issues. Especially designed for less advanced students, this resource is an ideal introduction to the Indian economy.
The subject of India's rapid growth in the past two decades has become a prominent focus in the public eye. A book that documents this unique and unprecedented surge, and addresses the issues raised by it, is sorely needed. Arvind Panagariya fills that gap with this sweeping, ambitious survey. India: The Emerging Giant comprehensively describes and analyzes India's economic development since its independence, as well as its prospects for the future. The author argues that India's growth experience since its independence is unique among developing countries and can be divided into four periods, each of which is marked by distinctive characteristics: the post-independence period, marked by liberal policies with regard to foreign trade and investment, the socialist period during which Indira Ghandi and her son blocked liberalization and industrial development, a period of stealthy liberalization, and the most recent, openly liberal period. Against this historical background, Panagariya addresses today's poverty and inequality, macroeconomic policies, microeconomic policies, and issues that bear upon India's previous growth experience and future growth prospects. These provide important insights and suggestions for reform that should change much of the current thinking on the current state of the Indian economy. India: The Emerging Giant will attract a wide variety of readers, including academic economists, policy makers, and research staff in national governments and international institutions. It should also serve as a core text in undergraduate and graduate courses that deal with Indias economic development and policies.
This comprehensive and extensively researched study deals primarily with the economic, business and management models from the Indian perspectives. The third edition of the book presents updated details, latest data and new information obtained from authentic sources in order to understand the topics discussed. It provides detailed information collected from field studies undertaken in different industrial and business centres across the country. The details contained in the book have been obtained from various empirical and research studies and reputed national and international sources. The author contends that India remained a strong economic, business and management power for most of the time in history, and the country has the potential to achieve the premier status even today. He gives masterly analysis of not only the Indian economic, business and management models, but also the popular economic, business and management models of the other countries. The author asserts that a paradigm shift in thinking is urgently needed to understand the ground realities and the functioning Indian systems, so that the country could be taken forward with the necessary orientation and suitable policies. Intended primarily for the postgraduate students of Management, the book would also be useful to the students of Economics and Commerce, as well as to the professionals interested in the study of the Indian economy, business and management from the Indian perspectives. KEY FEATURES : A unique presentation of the Indian economic environment and its functioning models since the ancient periods. Comparative study of the Eastern and Western business models giving a holistic view of the subject. Historical development of the Indian management systems and the Western theories with details of contemporary management practices. Text reinforced with plenty of data to validate the concepts and a large number of examples and case studies to illustrate the concepts discussed. Updated with the latest data, recent developments and new information.
Analysis of the economic policy and obstacles to economic growth in India - examines the role of public investment and public sector management in slow agricultural development and industrial growth; explores the political aspects and economic role of the Elite social classes (industrial capitalists, rich farmers and civil servants), the social conflicts between them, and the economic implications of this conflict for capital resources mobilization. Bibliography, statistical tables.
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.
India's remarkable economic growth in recent years has made it one of the fastest growing economies in the world. This Oxford Handbook reflects India's growing economic importance on the world stage, and features research on core topics by leading scholars to understand the Indian economic miracle and the obstacles India faces in transforming itself into a modern 21st-century economy.
Revised year after year, now into its 24th Edition, this unique book is widely accepted as the core text for graduate / post-graduate courses in Indian economy, in various universities across India. The book is essentially, a collection of select articles by some of India's topmost economists and experts.
When did categories such as a national space and economy acquire self-evident meaning and a global reach? Why do nationalist movements demand a territorial fix between a particular space, economy, culture, and people? Producing India mounts a formidable challenge to the entrenched practice of methodological nationalism that has accorded an exaggerated privilege to the nation-state as a dominant unit of historical and political analysis. Manu Goswami locates the origins and contradictions of Indian nationalism in the convergence of the lived experience of colonial space, the expansive logic of capital, and interstate dynamics. Building on and critically extending subaltern and postcolonial perspectives, her study shows how nineteenth-century conceptions of India as a bounded national space and economy bequeathed an enduring tension between a universalistic political economy of nationhood and a nativist project that continues to haunt the present moment. Elegantly conceived and judiciously argued, Producing India will be invaluable to students of history, political economy, geography, and Asian studies.
This is a revised and updated edition of the classic on India's post-Independence political economy published in the early 1980s. It addresses the fundamental paradox of India's political economy: how do we achieve the goals of increased economic growth and reduced economic and social disparities without causing social turmoil and dissent. This revised edition includes substantial new chapters carrying forward the analyses to the second generation in the 21st century.
