Reviving Growth in India

This book provides the latest research findings on the ways to revive and sustain higher growth rates in India.

Pradeep Agrawal (Edited by)

9781107090330, Cambridge University Press

Hardback, published 26 March 2015

416 pages
23.6 x 15.6 x 3 cm, 0.67 kg

This book brings together the latest research findings from leading economists from India and abroad on ways to revive and sustain higher growth rates in India. Divided into five parts, the first part empirically examines the various factors that affect poverty and shows that growth is crucial to poverty reduction. The second part investigates the factors responsible for sustaining industrial growth including skill formation and innovation. Part III analyses the critical role of monetary policy and shows that it is not very effective in the presence of commodity price shocks and supply constraints. It explains why RBI could not effectively control inflation and why the government must play a crucial supporting role in controlling inflation. Part IV then analyses various supply constraints to growth including agriculture, energy security, social and physical infrastructure and discusses how to deal with them effectively. Part V analyses the labour and financial market policies.

List of tables and figures
Preface
Part I. The Importance of Growth: 1. Introduction: reviving growth in India Pradeep Agrawal
2. Economic growth: the key to poverty reduction in India Pradeep Agrawal
Part II. Reviving Growth of Industry and Exports: 3. Sustaining a high rate of industrial growth in India in the next ten years Bishwanath Goldar
4. Growth drivers: ICT and inclusive innovations Ashima Goyal
5. Determinants of India's service exports Pravakar Sahoo, Ranjan Kumar Dash and Prabhu Prasad Mishra
Part III. The Dampeners to Growth: Controlling Inflation: 6. Macroeconomic effects of monetary policy in India Sushanta K. Mallick
7. Role of monetary policy in sustaining high growth in India: lessons from the recent dynamics in determination of bank credit Amaresh Samantaraya
Part IV. The Supply Constraints to Growth: 8. Sustainability of Indian agriculture Nilabja Ghosh and Anita Kumari
9. Energy security for India Pradeep Agrawal and Shruti Tripathi
10. Social and physical infrastructure in India: constraints to rapid growth Pradeep Agrawal
11. Infrastructure challenges in India: the role of public-private partnerships Geethanjali Nataraj
Part V. Emerging Issues in Growth: The Labour and Capital Markets: 12. Issues in labour cost and employment Arup Mitra and Chandan Sharma
13. Financing structure and growth: a study of firms in the Indian private corporate sector Prabhakaran Nair V. R.
14. Export intensity and dividend policy of Indian firms Elena Goldman and Viswanath P. V.
Contributors
Index.

Subject Areas: Development economics & emerging economies [KCM], Economic growth [KCG], Central government policies [JPQB], Development studies [GTF], Regional studies [GTB]