India’s Economy An Introduction

Written by an experienced teacher and scholar, this comprehensive textbook provides an analytical overview of the main trends, policies, performance, advances, and debates around India’s post independence economy. Each chapter provides a thorough examination of a key issue that has impacted the evolution of the Indian economy and discusses policies adopted to tackle these problems. Themes discussed include: macroeconomic policy industrialisation and trade foreign aid and investment social development fiscal policy and poverty. The text also includes numerous tables and illustrations, textboxes summarizing topical issues and suggestions for further reading. Providing students with a theoretical framework to understand and interpret complex developmental issues, India’s Economy is an important resource for courses on Indian economics, South Asia, development economics and development studies.

1. Introduction 2. Long Run Growth and its Distribution 3. Saving, Investment and Financing of Growth 4. Planning, Public Sector and Macroeconomic Policy 5. Industrialisation and Trade 6. Foreign Aid and Foreign Investment and Technology 7. Agriculture and Rural Economy 8. Poverty, Unemployment and Labour Market 9. Social Development 10. BOP, Monetary Policy and Financial Sector 11. Fiscal Policy 12. Economic Reforms 13.Conclusion

R Nagaraj is a Professor at the Indira Gandhi Institute of Development Research in India.