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A unique examination of the development of the modern Indian economy over the past 150 years.
The subject of India's rapid growth in the past two decades has become a prominent focus in the public eye. A book that documents this unique and unprecedented surge, and addresses the issues raised by it, is sorely needed. Arvind Panagariya fills that gap with this sweeping, ambitious survey. India: The Emerging Giant comprehensively describes and analyzes India's economic development since its independence, as well as its prospects for the future. The author argues that India's growth experience since its independence is unique among developing countries and can be divided into four periods, each of which is marked by distinctive characteristics: the post-independence period, marked by liberal policies with regard to foreign trade and investment, the socialist period during which Indira Ghandi and her son blocked liberalization and industrial development, a period of stealthy liberalization, and the most recent, openly liberal period. Against this historical background, Panagariya addresses today's poverty and inequality, macroeconomic policies, microeconomic policies, and issues that bear upon India's previous growth experience and future growth prospects. These provide important insights and suggestions for reform that should change much of the current thinking on the current state of the Indian economy. India: The Emerging Giant will attract a wide variety of readers, including academic economists, policy makers, and research staff in national governments and international institutions. It should also serve as a core text in undergraduate and graduate courses that deal with Indias economic development and policies.
This book presents the first comprehensive account of the history of economic growth in modern India.
The studies on economic history of modern India had a very late beginning. During the early stage of historiography, a few historians recognized the connection between political and economic history remained a chapter on economic conditions only. Causes and effects of economy were never and analyzed. This book attempts to fill that gap. Examining the characteristic of a colonial economy, the book discusses the process of colonizing Indian economy, with speared focus on monopolistic trade tactics, banning of Indian products in Britain, transformation of trade after industrial revolution and entry of foreign enterprises in India. It also extend an elaborate discussion on land settlement, revenue policies, commercialization of agriculture, decline of handicrafts, state of irrigation, development of transport and communication and currency. Finally, it evaluates economic impact of British rule and addresses the issue of economic drain from India.
India's remarkable economic growth in recent years has made it one of the fastest growing economies in the world. This Oxford Handbook reflects India's growing economic importance on the world stage, and features research on core topics by leading scholars to understand the Indian economic miracle and the obstacles India faces in transforming itself into a modern 21st-century economy.
Reforms and Economic Transformation in India is the second volume in the series Studies in Indian Economic Policies. In this book, nine original essays pursue three interrelated themes: Why the movement of workers out of agriculture, into industry and services, and from informal to formal employments has been slow, explaining the impact the reforms have had on profitability and competition among enterprises,and analyzing the impact on the socially disadvantaged in terms of wage and education outcomes and entrepreneurship.
The Anthology Explodes The Myth Of India Being A Static Society And Reflects The Commitment Of To Indian History Congress To Scientific And Secular History. This Volume Comprising Thirty Four Articles Taken From Ihc Proceedings Of Last Fifty Years Is Being Put Together In The Hope That It Could Afford An Impression Of The Research Problems Which Have Engaged Economic Historians In The Past Fifty Years. The Conceptual Frame Work In Which Their Research Was Conceived, And The Methodology They Employed. It Provides An Overview Of The Continuities And Changes In The Professional Historians Approach To The Economic Aspects Of `Modern` Indian History.
Using historical and ethnographic analyses, this book shows how Indian markets are embedded in society and politically contested.