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Economic Reform in India
Challenges, Prospects, and Lessons
In this volume, leading economists assess India's economic performance, policies and institutions.
Nicholas C. Hope (Edited by), Anjini Kochar (Edited by), Roger Noll (Edited by), T. N. Srinivasan (Edited by)
9781107436800, Cambridge University Press
Paperback / softback, published 21 August 2014
546 pages, 40 b/w illus. 120 tables
22.9 x 15.2 x 2.8 cm, 0.72 kg
'This is a comprehensive critical analysis of economic reforms in India in various important sectors of the economy. The contributors to the volume are well-known scholars on Indian economy, and in this volume they not only make lucid and critical analysis of the reforms undertaken so far but also underline the unfinished tasks. The book is a must-read for students, scholars, and policy makers of Indian economy alike.' M. Govinda Rao, Director, National Institute of Public Finance and Policy, New Delhi
The essays in this volume are written by leading economists working on the Indian economy. They collectively emphasize the importance of policies and institutions for sustained growth and poverty reduction, stressing that the success of sector-specific policies is vitally dependent on the nature of markets and the functioning of institutions such as those charged with regulating and overseeing critical sectors. Individual contributions assess the role of Indian government policy in key sectors and emphasize the policies required to ensure improvements in these sectors. The first section discusses aspects of the macro economy; the second deals with agriculture and social sectors; the third with jobs and how labor markets function in agriculture, industry and services; and the fourth with infrastructure services, specifically electricity, telecommunications and transport. The essays are drawn from the most influential papers presented in recent years on Indian economic policy at the Stanford Center for International Development.
1. Introduction Nicholas C. Hope, Anjini Kochar, Roger Noll and T. N. Srinivasan
Part I. The Macro Economy: 2. Federalism and economic development in India: an assessment Nirvikar K. Singh and T. N. Srinivasan
3. India and China: trade and foreign investment Arvind Panagariya
4. Financial sector reforms and monetary policy: the Indian experience Rakesh Mohan
Part II. Institutional Reforms: Agriculture and Education: 5. Land reform, decentralized governance and rural development in West Bengal Pranab Bardhan and Dilip Mookherjee
6. Market-driven agricultural growth: contrasting experiences in Punjab and Rajastham Peter Hazell, Abhijit Sharma and Laurence Smith
7. India's higher education opportunity Naushad Forbes
8. Improving the quality of rural primary schools: an evaluation of a computer aided learning program in south India Verghese Jacob, Anjini Kochar and Suresh Reddy
Part III. Employment, Industrial Structure and Poverty: 9. The missing middle Anne O. Kreuger
10. Some aspects of the trends in employment and unemployment in Bihar and Kerala since the seventies T. N. Srinivasan and Treb Allen
11. Size matters: urban growth and poverty in India 1983–2005 Peter Lanjouw and Rinku Murgai
Part IV. Infrastructure: Electricity and Transportation: 12. An assessment of Indian telecommunications reform Roger Noll and Scott Wallsten
13. Managing demand-side economic and political constraints on electricity industry restructuring process Frank A. Wolak
14. Moving India: the political economy of transport sector reform Nirvikar K. Singh and Jessica S. Wallack.
Subject Areas: Political economy [KCP], Development economics & emerging economies [KCM], International economics [KCL], Sociology [JHB], Development studies [GTF]