Recommending Books for Purchase (Bulletin 91 - July 2020): Indian Economy

Publisher : New Century Publications

The financial system of a country promotes savings by providing a wide variety of financial assets to the general public. Savings collected from the household sector are pooled together and allocated to various sectors of the economy for raising production levels. If the allocation of credit is judicious and socially equitable, it can help achieve the twin objectives of growth and social justice. An understanding of financial markets -- as part of the financial system -- is important as they are at the core of the transmission mechanism of monetary policy. In India, financial markets have been developed with a specific emphasis on increasing allocative efficiency of resources and promoting financial stability. Financial markets in India comprise, in the main, money market, Government securities market, capital market, corporate debt market, credit market, and foreign exchange market. Capital market plays a very important role in the development of financial system of any economy. It is a market where financial assets such as equities/debts are traded over a long period of time. Although the capital market in India has a long history, it remained on the periphery of the financial system for a long time. Various reforms undertaken since the early 1990s by the Securities and Exchange Board of India (SEBI) and the Government have brought about a significant structural transformation in the Indian capital market. As a result, the Indian equity market has become modern and transparent. The equity market has witnessed widespread development in infrastructure and its functioning is comparable to international standards. It has seen significant increase in growth and diversity in composition since early 1990s.

Print Price: Rs.725

Publisher : New Century Publications

This book provides a comprehensive description and analysis of developments in various sectors of the Indian economy since the country's independence. It focuses particularly on the following sectors: agriculture, industry, fiscal policy, money and prices, banking and finance, and foreign trade. An annual review of developments in these economic sectors is another key feature of the book. Economic Survey of India is organized in eight sections. Part I is introductory in nature, tracing the main developments in the Indian economy since independence in 1947. Part II traces the developments in Indian agriculture during the post-independence period and examines current issues pertaining to this vital sector of the Indian economy. Part III is devoted to Indian industry. It records changes in industrial policy during the post-independence period, explains the key reform measures undertaken for making Indian industry internationally competitive, and examines current issues pertaining to this sector. Part IV covers fiscal policy. It provides an account of fiscal developments in India since independence and explains the fiscal policy reforms during the post-liberalization period with particular emphasis on tax reforms. Part V traces the evolution of India's monetary policy and price policy. Part VI deals with banking and finance. It explains developments in India's financial system with particular emphasis on post-1991 reforms. Part VII describes and examines changes in the pattern of foreign trade since independence, with focus on developments since 1991. Part VIII contains time-series data on the Indian economy.

Print Price: Rs. 2270

Publisher : Cambridge

As the premier forum for global economic governance, G20 was successful in warding off the global economic crisis of 2008-09 and preventing it from becoming a full-blown depression. This book assesses the progress of the G20 with a focus on India. It discusses the role India has played in the success of the G20 process and, more importantly, delineates the possible barriers to India's enhanced involvement in the G20, and in global governance in general. As the global economy remains mired in uncertainties - stemming from the Euro crisis, lacklustre economic performance in the United States, and slowing of major emerging economies - this volume fills the need for a collection of analytical research papers from the perspective of emerging economies, and takes stock of the performance of the G20 thus far. It also points towards the unresolved issues and the future course of action in global financial and macroeconomic stance.

Price: $99.00
Format : eBook

Publisher : Oxford

India's economic resurgence has been the subject of many extravagant predictions and hopes. In this powerful and wide-ranging book, distinguished economist Vijay Joshi lays out a penetrating analysis of the shaky foundations of the country's performance, and charts the course that it shouldfollow to achieve widely-shared prosperity.Joshi argues that for India to realize its huge potential, the relation between the state, the market, and the private sector must be comprehensively realigned. Deeper liberalization and more extensive privatisation will be necessary. But they will not suffice to achieve India's economic objectives.The state needs to perform much more effectively many core tasks that belong squarely in its domain. India needs more of the market as well as more of the state.The road India takes will matter not only for the lives of its billion-plus people but also for the course of global economics and politics. In the course of his enquiry, Joshi examines in depth all the critical areas of Indian development policy, including employment and the "demographic bulge";investment and productivity; the markets for goods, resources, and finance; macroeconomic stability; public sector banks and enterprises; the infrastructure deficit; social protection and safety nets; education and health care; environmental sustainability; international economic relations; statecapacity and accountability; and corruption and crony capitalism. His design for radical reform incorporates a fiscally affordable scheme to provide a regular "basic income" for all citizens that would speedily abolish extreme poverty.An authoritative work of tremendous scope and depth, India's Long Road will be an essential resource for anyone who wants to know where India is today, where it is headed, and what it should do to attain its ambitions.

Price: $34.99
Format : eBook

Publisher : AMACOM

Once the jewel in the crown of the formidable British Empire, India has been surrounded by myth for years. After gaining independence in 1947, this often misunderstood country found itself faced with a new sense of freedom-and along with it, enormous burdens and challenges. While exotic, mysterious, and seductive, it has also become an economic force to be reckoned with. With the fourth largest economy in the world, the largest youth population on Earth, and a thriving middle class, India is the second most-preferred destination for foreign investment. But very few Americans truly understand what a rich and powerful country it has become-or its role as a global power, center of outsourcing, and potential partner with the United States. From the country's thriving film industry to its burgeoning high-tech industry as well as its attempts to stabilize its economy, India Arriving offers a fascinating glimpse into the real India, with all of its assets and all of its faults. Author Rafiq Dossani goes beneath the veil surrounding India and explores the many ways it has begun to emerge onto the world stage. He explores its birth as an independent nation and forces like poltical shifts, social reform, and education that have helped to shape a new India. Honest and revelatory, India Arriving provides a deeper understanding of a country that promises to be thenext major player in the world economy.

Print Price: $24.00

Publisher : Palgrave Macmillan

Provides a detailed analysis of the achievements and disappointments of the modern Indian economy, and an exploration of the issues which are shaping India's economic future. Offers a comprehensive overview of the state of India's economy in the twenty-first century and is essential for postgraduates and scholars interested in this area.

eBook Price: €86,99

Publisher : Brookings

In this commemorative volume, India's top business leaders and economic luminaries come together to provide a balanced picture of the consequences of the country's economic reforms, which were initiated in 1991. What were the reforms? What were they intended for? How have they affected the overall functioning of the economy? With contributions from Mukesh Ambani, Narayana Murthy, Sunil Mittal, Kiran Mazumdar-Shaw, Shivshankar Menon, Montek Singh Ahluwalia, T.N. Ninan, Sanjaya Baru, Naushad Forbes, Omkar Goswami and R. Gopalakrishnan, India Transformed delves deep into the life of an economically liberalized India through the eyes of the people who helped transform it.

Price: $39.99
Format : eBook

Publisher : Oxford

India's remarkable economic growth in recent years has made it one of the fastest growing economies in the world. Its rapid growth, however, has been accompanied by widening regional disparities, poverty, malnutrition, and socio-political instability. Understanding India's dualistic development process and the emergence of the Indian economic miracle are crucial in solving the obstacles India faces in transforming itself into a modern 21st-century economy. The Oxford Handbook of the Indian Economy features research on core topics by leading scholars to understand the Indian economic miracle and the key debates confronting the Indian economy. The Handbook moves beyond traditional boundaries by featuring areas of research that will be important in the future, setting an academic standard for current and future research on the Indian economy. The Handbook is divided into eight major sections featuring expert contributions on a host of issues. These range from India's historical development before and after 1947; tackling poverty through innovative public policy; industrialization; health, education, and the demographic transition; governance and institutional reform; macroeconomic policy reform; and India's interaction with the world economy. A final Looking Ahead chapter reflects upon an agenda for economic research in the 21st century. Ambitious in scope, diverse in its coverage of topics, and a rare unified and comprehensive treatment of India's complex and dynamic development process, The Oxford Handbook of the Indian Economy is a must-read for both researchers who are new to the field, as well as those who want to update and extend their knowledge to the frontier of the field.

Price: $175.00
Format : eBook

Publisher : Routledge

The phenomenal growth and liberalisation of the Indian economy has been the subject of extensive scholarly documentation and competing interpretations. This book examines the key period of liberalisation in India from 1991 to 2008. It analyses the relationship between growth and liberalisation and, in particular, the recent âe~miracle growth rateâe(tm) and considers its sustainability in the current Indian economic environment. The book explores and re-evaluates the historical experience of planning in India between 1950 and 1980 as an alternative model of state-led economic development, discusses how far current rapid growth is the result of liberalisation, and how strong the case is for continued liberalisation today. The book is a significant contribution to the growing debate on economic growth and liberalisation, and the broader subject of economic development in India and other developing countries. It will appeal to students, researchers, lecturers and all those interested in South Asia in general and, India, in particular. It is also an essential resource for the study of international political economy and development economics.

eBook Price: £34.19

Publisher : Oxford

Most discussions of India's substantive economic growth since the 1990s tend to focus on national level statistics or on particular sectors such as the financial and call service sectors or on the pharmaceutical industry. But with a population of 1.2 billion, India demands to be treated like acollection of individual "countries," rather than a unified nation. Ten of its states have populations equaling or exceeding that of the United Kingdom. If the state of Uttar Pradesh were a country, it would be the fourth largest, behind China, India, and the United States. These facts pointedlytell us that if we are to understand the ongoing experiment in economic reforms and poverty alleviation, we must study India at the level of the state.In this spirit, State Level Reforms and Growth and Development in Indian States provides the first-ever comprehensive analysis of growth at the highly diverse state level. The authors argue that when the national government loosened its stronghold on industry and services, state governments wereable to shape the fortunes of their citizens through state-level policy reforms. Because of this, every Indian state experienced accelerated growth, unlike China during the first two decades of its development when the eastern half flourished as the western half lagged. Every Indian state has grownfaster in the last decade than any other decade in the post-independence era. In fact, some of the poorest states, notably Bihar and Orissa, have been growing the fastest.Professors Panagariya and Chakraborty and Dr. Rao refute the common assumptions that growth has not occurred or that poverty has not been reduced in all Indian states. The recent reforms have also led to improved access in every state to basic amenities such as permanent houses, electricity, water,and sanitation. These accomplishments notwithstanding, regional inequality on a per capita basis has grown as well. Reforms in state-controlled sectors such as agriculture, industry, healthcare, and education have not advanced as far as some analysts previously predicted. The authors outline thereforms in these areas and draw on the experience of states that have successfully carried out some of them. The authors pay special attention to reforms in the areas of education and health while recognizing that the Indian constitution vests in the states much of this legislative and otherauthority and while considering the real absolute rise in income, literacy, and health status across all the states.

Price: $59.95
Format : eBook