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This book provides a detailed structured analysis of the transition that has taken place in the Indian economy since independence to the present times (including the period of COVID-19 pandemic). Analysing objectives, achievements and failure of planning, the book discusses the crisis in the late 1980s, followed by economic reforms – structural changes and stabilization policies implemented along with regional variation on the development pattern across states.The book also examines policies of distribution, poverty, inequality, and unemployment, reform measures in major sectors, namely, banking or financial sector in general, tax or fiscal policy, external or trade and exchange rate policy. This volume will be useful for students, researchers and faculty working in the field of economics, development studies, political science and public administration. The book will also be an invaluable companion to policymakers looking for a thorough and compact view of the transition in the Indian economic situation and the resulting policy changes which took place since India's independence.

The new path for economic development that India must create The whole world has a stake in India's future, and that future hinges on whether India can develop its economy and deliver for its population—now the world's largest—while staying democratic. India's economy has overtaken the United Kingdom's to become the fifth-largest in the world, but it is still only one-fifth the size of China's, and India's economic growth is too slow to provide jobs for millions of its ambitious youth. Blocking India's current path are intense global competition in low-skilled manufacturing, increasing protectionism and automation, and the country's majoritarian streak in politics. In Breaking the Mold, Raghuram Rajan and Rohit Lamba show why and how India needs to blaze a new path if it's to succeed.India diverged long ago from the standard development model, the one followed by China—from agriculture to low-skilled manufacturing, then high-skilled manufacturing and, finally, services—by leapfrogging intermediate steps. India must not turn back now. Rajan and Lamba explain how India can accelerate growth by prioritizing human capital, expanding opportunities in high-skilled services, encouraging entrepreneurship, and strengthening rather than weakening its democratic traditions. It can chart a path based on ideas and creativity even at its early stage of development.Filled with vivid examples and written with incisive candor, Breaking the Mold shows how India can break free of the stumbling blocks of the past and embrace the enormous possibilities of the future.

Intensifying droughts and competing pressures on water resources foreground water scarcity as an urgent concern of the global climate change crisis. In India, individual, industrial, and agricultural water demands exacerbate inequities of access and expose the failures of state governance to regulate use. State policies and institutions influenced by global models of reform produce and magnify socio-economic injustice in this'water bureaucracy.'Drawing on historical records, an analysis of post-liberalization developments, and fieldwork in the city of Chennai, Leela Fernandes traces the configuration of colonial historical legacies, developmental-state policies, and economic reforms that strain water resources and intensify inequality. While reforms of water governance promote privatization and decentralization, they strengthen the state centralized control over water through city-based development models. Understanding the political economy of water thus illuminates the consequent failures of the state within countries of the Global South.

This volume is about economists, economics, and issues of concern to Indian society. Some essays are expository, and some satirical. Together, they offer a commentary on the state of the discipline of economics today and on aspects of contemporary India's society and polity. The volume affords insights into, among other things, - the pervasive influence of economists such as Kenneth Arrow and Anthony Atkinson, and thinkers such as Tom Paine, Jonathan Swift, and Dadabhai Naoroji;- the place of markets and game theory (and even crime fiction!) in present-day economics; - the affectations and convoluted mathematisation of a good deal of ‘mainstream'economics; and- India's recent political climate, and the conduct of various arms of the legislature, the executive, and the judiciary in the country. Engaging and lucidly written, this volume should be of interest to scholars of economics, political science, development studies, South Asian studies, and, above all, the general reader.

Gandhian Engagement with Capital: Perspectives of J C Kumarappa comprehensively presents the Gandhian ideas on economic development and political economy. Within this larger context, it focuses on the towering contributions of J C Kumarappa, the pioneer of the Gandhian model of economic development, and describes, from his standpoint, how the moral and political dispositions of Gandhism amount to a critique of capitalism. The book also covers in detail the major facets of Kumarappa's contribution to Gandhism: developing a non-mechanized, non-capitalist model of industrialization; presenting the holistic development approach; reflecting on the role of the state in facilitating a village-centric economy; and exploring the role of religion in developing the moral foundation of the Gandhian political economy. These reflect the historical context of Kumarappa's scholarship and his deep understanding of the various dimensions of Gandhian thought. The book highlights the debates within Gandhism and imparts a nuanced understanding of other Gandhian thinkers. Further, it presents several discourses in modern Indian political thought by analysing the interplay of narratives.

Dieses Werk zeigt praxisnah und kompakt alles Wissenswerte für ein erfolgreiches Engagement im Indiengeschäft. In der 2., aktualisierten Auflage beschreiben die Autoren fundiert und anschaulich, worauf es beim Organisationsaufbau, beim Personalmanagement und bei der Verhandlungsführung in Indien ankommt und geben viele nützliche Hinweise für die konkrete Gestaltung und Pflege von Geschäftsbeziehungen mit Indern. Darüber hinaus erfährt der Leser viel Wissenswertes über die wirtschaftlichen Rahmenbedingungen und den kulturellen Hintergrund Indiens.

Beyond Gandhian Economics is an attempt to establish that Gandhian Economics is not neoclassical in essence and that it goes beyond the defined domain of economics in analyzing social, political and ethical implications of economic actions or policies. What goes by the name of Gandhian Economics are some of Gandhi′s personal views on different topical questions related to a broader spectrum of issues encompassing moral philosophy, politics and society. The book aims at filling the knowledge gap existing in the ontology of Gandhian Economics. It goes beyond the narrow precinct of Gandhian Economics and proclaims that many useful issues dealt with by Gandhi do not belong to the domain of pure economics. The book also provides a trajectory towards a more sensible but hitherto unexplored area of Gandhian political economy.

Gandhi's economic theories were a part of his vision of self-government, which meant not just freedom from colonial rule but the achievement of self-reliance and self-respect by the villagers of India. Areas examined include: • consumption behaviour • industrialization, technology and the scale of production • trusteeship and industrial relations •