This edited volume is based on the UGC’s model curriculum for ‘Indian Economic Policy’, meant for all universities in India. Each chapter is contributed by an expert in the specific area being addressed, and this book presents the policies formulated in each sector or sub-sector, and the resultant changes, during the post-reform period (1991-2008). This volume examines the impact of economic reforms on fronts as varied as the fiscal situation of government of India, state finances, money, capital market, external sector, agriculture, industry, power, health, education, employment, unemployment and poverty.
Features * A central theme of economic reforms and the performance of the Indian economy since 1991, with each chapter written by specialists in the area * Wide coverage and a critical and in-depth analysis of the developments in all major sub-sectors of the Indian economy (1991 – 2008) * An objective assessment of the reforms, presenting the positive as well as negative aspects of the developments * Designed as an entry-level reader, geared toward UG and PG courses in economics
Contents
Part I: Introduction * Overview * Economic Reforms and Performance of the Indian Economy
Part II: Demography, Employment and Unemployment * Demographic Changes in India * Employment Patterns and Trends in India during the Post–reform Period * Changing Dimensions of Unemployment in India during the Post–reform Period * Indian Migration to West Asia
Part III: Planning * Economic Planning in India
Part IV: Financial and Fiscal Sector Reforms * Financial Liberalization in India: Outcomes and Implications for the Corporate Sector * Fiscal Reforms and Fiscal Situation in India during the Reform Period * Reforms in Monetary and Credit Policy in India * Capital Market in the Post–liberalization Period: Reforms and Emerging Trends
Part V: External Sector * External Sector Dimensions in the Post–reform Period * Trends and Patterns of Exports and Imports in India in the Post–liberalization Era * World Trade Organization and the Indian Economy * Foreign Direct Investment in India in the Post–1991 Period * Capital Account Convertibility in India
Part VI: Agriculture * Performance of the Agriculture Sector in India * Agriculture Policy and Performance in India: A Post–reform Analysis * International Trade and Competitiveness of Indian Agricultural Commodities * Trade, Distribution and Food Security in India: Issues and Prospects
Part VII: Industry and Infrastructure * Inter-regional Dimension of Industrial Growth * Information and Communication Technology and India’s Development: Strategy and Outcomes * India’s Small Enterprise Scene in the Post–liberalization Era * Infrastructure Development in India * Power Policy and Power Development in India during the Post–liberalization Period
Part VIII: Health, Education and Poverty * Healthcare in India during the Post–reform Period * Higher Education in India * Poverty in India: The Post–liberalization Trends
Part IX: Federal Finance and Decentralized Planning * Centre-State Financial Relations in the Post–liberalization Period * Trends in State Finances in the Post–reform Period * Decentralized Planning and Local Governance in India