{"product_id":"development-narratives-copy","title":"Indian Economy : Performance and Policy","description":"\u003cdiv id=\"display\"\u003e\n\u003cdiv id=\"yourdiv\"\u003e\n\u003cdiv id=\"display_right\"\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eAbout the Book\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cp\u003eHERE's the new, 2013-14 Edition of the widely accepted textbook (Indian economy paper) for Semester IV, B.Com (Hons.) Delhi University.\u003c\/p\u003e\n\u003cp\u003eThe book is based on the new guidelines (restructured course), incorporating the latest reading list issued by the department, for the academic year 2013-14.\u003cbr\u003eThe book provides a comprehensive coverage of Indian economy under 5 sections:\u003cbr\u003e     I  Basic Issues in Economic Development\u003cbr\u003e     II Indian Economy at Independence\u003cbr\u003e     III Policy Regimes\u003cbr\u003e     IV Growth, Development and Structural Change\u003cbr\u003e     V Sectoral Trends and Issues\u003cbr\u003eThe author Dr. Uma Kapila has specially designed this book based on the original readings recommended for the new course, many of these being available in her edited books: ‘Indian Economy Since Independence’, 24th Edition 2013-14 and ‘Two Decades of Economic Reforms’, 2012.\u003cbr\u003eIn the present volume, the author has made an effort to keep the language simple without compromising the effectiveness of the argument or diluting the analyses.\u003cbr\u003eAdditionally, inclusion of important questions and a ‘Glossary' make the book an ‘ideal’ text in its category. Not surprising, the book is also being widely used by students who prepare for IAS and other competitive examinations.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cspan class=\"morecontent\"\u003e\u003cspan\u003e\u003c\/span\u003e \u003c\/span\u003e\n\u003c\/div\u003e\n\u003ch2 class=\"more\"\u003e\n\u003cspan class=\"morecontent\"\u003e\u003c\/span\u003e\u003cbr\u003e\n\u003c\/h2\u003e\n\u003ch2 class=\"more\"\u003eContents in Detail\u003c\/h2\u003e\n\u003cdiv class=\"glossymenu\"\u003e\n\u003ca class=\"menuitem submenuheader\" href=\"http:\/\/academicfoundation.org\/#\"\u003e\u003cspan class=\"accordsuffix\"\u003e\u003c\/span\u003e\u003c\/a\u003e\n\u003cdiv class=\"submenu\"\u003e\n\u003cp\u003e\u003cem\u003ePreface\u003c\/em\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eSection - I\u003cbr\u003eBasic Issues in Economic Development\u003c\/strong\u003e\u003cbr\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e 1. Economic Development and\u003cbr\u003e     Under Development\u003c\/strong\u003e\u003cbr\u003e – Introduction\u003cbr\u003e – What Does Development Mean\u003cbr\u003e – Economic Growth and Economic Development\u003cbr\u003e – The New View of Economic Development\u003cbr\u003e   • Development as a Multi-dimensional Process\u003cbr\u003e   • Three Core Values of Development\u003cbr\u003e – Development, Freedom and Opportunities\u003cbr\u003e – The Three Objectives of Development\u003cbr\u003e – The Millennium Development Goals\u003cbr\u003e – Developed and Underdeveloped Countries\u003cbr\u003e – Defining the Developing World\u003cbr\u003e – Characteristics of the Developing World:\u003cbr\u003e    Diversity within Commonality\u003cbr\u003e   • Lower Levels of Living and Productivity\u003cbr\u003e   • Lower Levels of Human Capital\u003cbr\u003e   • High Rate of Population Growth and Dependency Burden\u003cbr\u003e   • Higher Levels of Inequality and Absolute Poverty\u003cbr\u003e   • Greater Social Fractionalisation\u003cbr\u003e   • Larger Rural Populations but Rapid Rural-to-Urban Migration\u003cbr\u003e   • Substantial Dependence on Agricultural Production and Lower\u003cbr\u003e     \u003cspan\u003eLevels of Industrialisation and Manufactured Exports\u003cbr\u003e  \u003c\/span\u003e\u003cspan\u003e • Underdeveloped Financial and Other Markets\u003cbr\u003e   \u003c\/span\u003e\u003cspan\u003e• Lingering Colonial Impacts\u003cbr\u003e   \u003c\/span\u003e\u003cspan\u003e• External Dependence\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003e – Nature of Indian Economy\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e 2. Human Development\u003c\/strong\u003e\u003cbr\u003e – Human Development\u003cbr\u003e   • Human Development Index\u003cbr\u003e – A Changing World, A More Global South\u003cbr\u003e   • Are there Limits to Human Development?\u003cbr\u003e   • Sustainability, Equity and Human Development\u003cbr\u003e    – What Makes Development Unsustainable?\u003cbr\u003e – The Current State of Human Development\u003cbr\u003e – State of Human Development in India\u003cbr\u003e\u003cbr\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eSection - II\u003cbr\u003eBasic Features of Indian Economy at Independence\u003c\/strong\u003e\u003cbr\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e 3. India’s Economy at Independence.\u003c\/strong\u003e\u003cbr\u003e – Introduction\u003cbr\u003e – The Relative Importance of Various Industrial Activities\u003cbr\u003e   • Composition of National Income\u003cbr\u003e   • The Working Force\u003cbr\u003e – The Agrarian Scene\u003cbr\u003e   • Stagnating Agriculture\u003cbr\u003e   • Causes\u003cbr\u003e    – Regressive Organic Structure\u003cbr\u003e    – Internal Drain of Capital\u003cbr\u003e    – Poor Technology\u003cbr\u003e – India’s Industrial Production and Its Structure\u003cbr\u003e   • India’s Industrial Resources\u003cbr\u003e   • The Decline of Traditional Industry and the\u003cbr\u003e      Development of Modern Industry\u003cbr\u003e – Some Positive Features\u003cbr\u003e\u003cbr\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eSection - III\u003cbr\u003ePolicy Regimes\u003c\/strong\u003e\u003cbr\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e 4. Economic Planning: Evolution and Strategy.\u003c\/strong\u003e\u003cbr\u003e – Evolution of Planning\u003cbr\u003e – Role of the State as Visualised in the Fifties\u003cbr\u003e – Early Experience with Five Year Plans\u003cbr\u003e – Changing Perceptions\u003cbr\u003e – Role of Planning in a Market Economy\u003cbr\u003e – Redefining the Role of State\u003cbr\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e 5. Economic Reform.\u003c\/strong\u003e\u003cbr\u003e – Debate on Liberalisation\u003cbr\u003e – The Background\u003cbr\u003e – The Macroeconomic Crisis\u003cbr\u003e – Rationale for the Reforms\u003cbr\u003e – Macroeconomic Reforms\u003cbr\u003e   • Structural Reforms\u003cbr\u003e    –  Implementation of the Agenda\u003cbr\u003e     ¡ Industrial Policy Reforms\u003cbr\u003e     ¡ Trade Policy Reforms\u003cbr\u003e     ¡ Removal of QRs\u003cbr\u003e     ¡ Exchange Rate Reforms\u003cbr\u003e     ¡ Capital Markets\u003cbr\u003e     ¡ Financial Sector\u003cbr\u003e – Economic Progress Post-1991\u003cbr\u003e   • Fiscal Adjustment and Stabilisation\u003cbr\u003e – Impact of Economic Reforms on the Vulnerable Sections\u003cbr\u003e – Conclusion\u003cbr\u003e – The Next Round of Reforms\u003cbr\u003e\u003cbr\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eSection - IV\u003cbr\u003eGrowth, Development and Structural Change\u003c\/strong\u003e\u003cbr\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e 6. Growth and Structural Changes since 1951.\u003c\/strong\u003e\u003cbr\u003e – Periodisation of Indian Growth Experience\u003cbr\u003e – India's Growth Turnaround\u003cbr\u003e   • 2003-2008 The Best Phase in Growth\u003cbr\u003e   • Recent Deceleration since 2011\u003cbr\u003e – Investment\u003cbr\u003e – Growth Prospects\u003cbr\u003e   • Risk Factors and Constraints\u003cbr\u003e – Performance on Inclusiveness\u003cbr\u003e   • Multidimensionality of Inclusion\u003cbr\u003e – The Need for Faster Growth\u003cbr\u003e – International Comparisons\u003cbr\u003e – Growth and Structural Change\u003cbr\u003e   • Share of Services in GDP\u003cbr\u003e   • What are the Factors behind the Dynamism of\u003cbr\u003e     the Services Sector in India\u003cbr\u003e – Inter-Regional Disparities in Growth and Development\u003cbr\u003e – The Way Ahead\u003cbr\u003e – Growth Prospect: An Assessment\u003cbr\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e 7. Land Reforms.\u003c\/strong\u003e\u003cbr\u003e – Objective of Land Reforms\u003cbr\u003e – Effects of Land Reforms on Productivity and Poverty\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cstrong\u003e 8. Unemployment and Employment\u003c\/strong\u003e\u003cbr\u003e\u003cbr\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003ePerspective.\u003c\/strong\u003e\u003cbr\u003e – Concepts and Measurement\u003cbr\u003e   • Labour Force and Workforce Participation Rates\u003cbr\u003e – Some Characteristics of the Indian Labour Market\u003cbr\u003e – Trend and Pattern of Employment Growth\u003cbr\u003e   • Growth in Employment, GDP and Employment Elasticity\u003cbr\u003e   • Organised Versus Unorganised Sector Employment\u003cbr\u003e   • Sectoral Employment Shares\u003cbr\u003e – Quality of Employment and Disparities\u003cbr\u003e – Weaknesses in Past Performance\u003cbr\u003e – Employment and Labour Policy\u003cbr\u003e – Indian Labour Laws and Labour Markets\u003cbr\u003e – Public Employment Programme for the\u003cbr\u003e    Unorganised Workers: The Case of NREGA\u003cbr\u003e   • An Overview of the Scheme\u003cbr\u003e   • The Performance\u003cbr\u003e   • Success Stories\u003cbr\u003e   • Remaining Gaps\u003cbr\u003e – Employment Perspective\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e 9. Poverty in India.\u003c\/strong\u003e\u003cbr\u003e – Magnitude and Determinants\u003cbr\u003e   • The Selection of Poverty Lines\u003cbr\u003e – Multidimensional Poverty Index\u003cbr\u003e – Reduction in Poverty\u003cbr\u003e – Comparison of India and China in Terms\u003cbr\u003e   of Poverty Reduction\u003cbr\u003e   • Causes of Poverty\u003cbr\u003e   • Growth and Poverty Reduction\u003cbr\u003e   • Growth and Inequality\u003cbr\u003e   • Growth, Employment and Poverty\u003cbr\u003e   • Growth Pattern and Poverty\u003cbr\u003e – Poverty and Inclusive Growth\u003cbr\u003e   • Non-income Poverty Dimensions\u003cbr\u003e – Poverty Alleviation Programmes\u003cbr\u003e   • Programme for Socially Disadvantaged\u003cbr\u003e   • Land Reforms\u003cbr\u003e   • Public Distribution System\u003cbr\u003e   • Public Investment in Human Capital and Public Goods\u003cbr\u003e   • A Stronger Welfare System and Improved Social\u003cbr\u003e    Service Provision are Needed\u003cbr\u003e – Concluding Remarks\u003cbr\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e 10. Demographic Constraint: Population\u003cbr\u003e     Change and Economic Development.\u003c\/strong\u003e\u003cbr\u003e – Economic Development and Population Growth\u003cbr\u003e   • The Theory of Demographic Transition\u003cbr\u003e   • The Microeconomic Theory of Fertility\u003cbr\u003e   • How does Population Growth Affect Economic Development\u003cbr\u003e – India’s Demographic Transition\u003cbr\u003e   • Causes of High Birth Rate\u003cbr\u003e    – Social Factors\u003cbr\u003e    –  Economic Factors\u003cbr\u003e     ¡ Poverty\u003cbr\u003e     ¡ Lack of Social Security\u003cbr\u003e     ¡ Illiteracy, Ignorance and Belief in Fate\u003cbr\u003e     ¡ Ineffective Family Planning\u003cbr\u003e   • Fertility Rate\u003cbr\u003e   • Causes of Decline in Death Rate\u003cbr\u003e    – Control of Epidemics\u003cbr\u003e    – Control of Famines\u003cbr\u003e    – Improved Medical Facilities\u003cbr\u003e    – Spread of Maternity Homes\u003cbr\u003e    – Impact of Economic Development\u003cbr\u003e – Measures to Reduce Birth Rate\u003cbr\u003e – Concerns about Population Growth\u003cbr\u003e – Gender Equity and the Demographic Transition\u003cbr\u003e – Population Policy since 1947\u003cbr\u003e – National Population Policy, 2000\u003cbr\u003e   • Objectives of National Population Policy\u003cbr\u003e – The Experience of Kerala and Tamil Nadu\u003cbr\u003e – Enabling Factors\u003cbr\u003e – India's Demographic Dividend\u003cbr\u003e   • 'Window of Opportunity' for India\u003cbr\u003e   • Estimated Demographic Bonus for India\u003cbr\u003e   • India's Response to 'Window of Opportunity'\u003cbr\u003e – The Future\u003cbr\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003eSection- V\u003cbr\u003eSectoral Trends and Issues\u003c\/strong\u003e\u003cbr\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eV.1. Agriculture:\u003cbr\u003e 11. Agriculture: Role and Growth Performance.\u003c\/strong\u003e\u003cbr\u003e – Importance of Agriculture in National Economy\u003cbr\u003e   • Linkage between Agriculture and Other Sectors\u003cbr\u003e – Agricultural Growth\u003cbr\u003e   • Role of Institutional and Technological Factors in\u003cbr\u003e    Agriculture Growth\u003cbr\u003e   • The New Technology\u003cbr\u003e    – Characteristics of New Technology\u003cbr\u003e     ¡ Better Agricultural Practices\u003cbr\u003e    – Economic Aspects of New Technology\u003cbr\u003e – Green Revolution\u003cbr\u003e   • Three Phases of  Green Revolution\u003cbr\u003e     –  The First Phase, 1966-1972\u003cbr\u003e     –  Debacle and the Second Phase, 1973-1980\u003cbr\u003e     –  The Third Phase, 1981-1990\u003cbr\u003e – Reform Period, 1991 to the Present\u003cbr\u003e – Deceleration in Agriculture Growth\u003cbr\u003e – Performance of the Agriculture Sector during the\u003cbr\u003e   Eleventh Five Year Plan (2007-2012)\u003cbr\u003e – Instability in Ouput\u003cbr\u003e – Regional Disparities and Intra-Personal Disparities\u003cbr\u003e – New Technology and Environmental Degradation\u003cbr\u003e – Major Factors Affecting the Growth Potential\u003cbr\u003e   • Lack of Long Term Policy Perspective\u003cbr\u003e   • Investment in Agriculture and Subsidies\u003cbr\u003e   • Lagging Research and Development Efforts\u003cbr\u003e   • Technology Generation and Dissemination\u003cbr\u003e   • Rising Soil Degradation and Over-exploitation of Ground Water\u003cbr\u003e   • Degradation of Natural Resources\u003cbr\u003e – Rural Distress in Post-Reform India\u003cbr\u003e – National Policy for Farmers, 2007\u003cbr\u003e – High Value Commodities: The Future Sources of\u003cbr\u003e    Growth in Agriculture\u003cbr\u003e   • Potential of Secondary Agriculture\u003cbr\u003e – Reforming the Three 'I's: Investments, Incentives, and Institutions\u003cbr\u003e   • Reforming Incentives\u003cbr\u003e    – Price and Marketing Policy\u003cbr\u003e   • Reforming Institutions\u003cbr\u003e    – Marketing and Warehouse Facilities\u003cbr\u003e    – Reforming Land and Credit Markets\u003cbr\u003e – Challenges and Outlook\u003cbr\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e 12. Agricultural Price Policy, Food Management\u003cbr\u003e     and Food Security.\u003c\/strong\u003e\u003cbr\u003e – Agricultural Price Policy\u003cbr\u003e – Food Management\u003cbr\u003e   • Food Procurement Policy\u003cbr\u003e   • Price and Distribution Controls in the Food Grain Market\u003cbr\u003e   • Public Distribution System (PDS)\u003cbr\u003e   • Food Subsidy\u003cbr\u003e   • Buffer Stock\u003cbr\u003e – Recent Policy Initiatives\u003cbr\u003e – Food Security and Future Sources of Growth in Agriculture\u003cbr\u003e – Pre-Green Revolution\u003cbr\u003e – Green Revolution\u003cbr\u003e – Post-Reform Revolution\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cbr\u003e\u003cstrong\u003eV.2. Industry and Services:\u003cbr\u003e 13. Industrial Policy.\u003c\/strong\u003e\u003cbr\u003e – The Industrial Scene at Independence\u003cbr\u003e – Industrial Control Regime 1950s to 1970s\u003cbr\u003e – Performance of the Industrial Licensing System\u003cbr\u003e – Industrial Policy Reforms 1980s\u003cbr\u003e – The Policy Regime in the 1990s\u003cbr\u003e – New Economic Policy 1991\u003cbr\u003e   • Opening up to Foreign Investment\u003cbr\u003e   • Public Sector Reforms and Privatisation\u003cbr\u003e – Industrial Policy: Recent Policy Initiatives\u003cbr\u003e – Industrial Policy Eleventh Plan\u003cbr\u003e – Industrial Policy Objectives for the Twelfth Plan\u003cbr\u003e   and Beyond\u003cbr\u003e   • The Architecture of a Strategy to Accelerate\u003cbr\u003e     Growth of Manufacturing\u003cbr\u003e   • Three Components of India’s Manufacturing\u003cbr\u003e     Strategy and Plan\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e 14. Industrial Growth since 1951\u003c\/strong\u003e\u003cbr\u003e – Industrial Growth\u003cbr\u003e   • Phases of Industrial Growth\u003cbr\u003e   • The Pre-Reform Regime\u003cbr\u003e   • Industrial Growth in the 90s\u003cbr\u003e   • Comparative Growth Rates in the 80s and the 90s\u003cbr\u003e    – Relative Contribution of Sectors to Total Production\u003cbr\u003e    – The Manufacturing Slowdown (1996-2002)\u003cbr\u003e   • Factors Causing the Slowdown: Some Hypotheses\u003cbr\u003e    – Infrastructure Constraints in the Industrial Sector\u003cbr\u003e – Recovery in Industrial Growth since 2002-03\u003cbr\u003e   • Recent Industrial Growth\u003cbr\u003e – Index of Industrial Production (IIP)\u003cbr\u003e – Why has Growth Moderated since 2011-12?\u003cbr\u003e   • Investment in the Industrial Sector\u003cbr\u003e   • Credit Flow to the Industrial Sector\u003cbr\u003e – Why did Manufacturing Sector's Share in Total\u003cbr\u003e   Employment Stagnate\u003cbr\u003e – Other Aspects of Industrial Change\u003cbr\u003e – Why did the Reforms Fail to Deliver the Expected Results?\u003cbr\u003e – India's Unique Pattern of Development\u003cbr\u003e   • Labour Market Regidity Hypothesis\u003cbr\u003e   • Infrastructure Bottlenecks\u003cbr\u003e   • The Cost of Doing Business\u003cbr\u003e – What Should be Done Now?\u003cbr\u003e   • Balanced Growth\u003cbr\u003e   • Integrating into Global Networks\u003cbr\u003e   • Improving Physical Infrastructure\u003cbr\u003e – National Manufacturing Policy (NMP) Nov. 2011\u003cbr\u003e – Conclusions\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e 15. Micro, Small and Medium Enterprises (MSEs)\u003c\/strong\u003e\u003cbr\u003e – Role of SMEs in Global Economy: International Scenario\u003cbr\u003e – Defining MSEs—MSMED Act, 2006\u003cbr\u003e – Role of MSEs in Indian Economy\u003cbr\u003e   • To Generate Large-Scale Employment\u003cbr\u003e   • To Sustain Economic Growth and Increase Exports\u003cbr\u003e   • For Making Growth Inclusive\u003cbr\u003e – Globalisation and Small Industry Performance\u003cbr\u003e   • Infrastructure\u003cbr\u003e    – Economic\u003cbr\u003e    – Technological\u003cbr\u003e    – Financial\u003cbr\u003e   • Marketing\u003cbr\u003e – Future Prospects of Small Industry\u003cbr\u003e – New Initiatives\u003cbr\u003e – Summary and Conclusions\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e 16. Public Sector in the Indian Economy\u003c\/strong\u003e\u003cbr\u003e – The Rationale\u003cbr\u003e – Performance of Central Public Sector Undertakings\u003cbr\u003e   • Output and Capital Formation\u003cbr\u003e   • Fall in Public Sector Employment Growth\u003cbr\u003e   • Central PSEs’ Profitability\u003cbr\u003e    – Reasons and Implications\u003cbr\u003e – Public Sector and 1991 Industrial Policy\u003cbr\u003e   • Policies toward CPSEs and their Implementation\u003cbr\u003e – Privatisation\u003cbr\u003e   • Privatisation: Indian Experience since 1991\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e 17. Services in the Indian Growth Process.\u003c\/strong\u003e\u003cbr\u003e – Importance of the Services Sector for India\u003cbr\u003e     Services GDP\u003cbr\u003e     Services Employment in India\u003cbr\u003e – Growth and Sectoral Shares, Cross Country Evidence\u003cbr\u003e   and Indian Experience\u003cbr\u003e     Services GDP: International Comparison\u003cbr\u003e     State-wise Comparison of Services\u003cbr\u003e – Important Services for India\u003cbr\u003e – Which Services have Grown Rapidly?\u003cbr\u003e – Factors Underlying the Services Growth\u003cbr\u003e – World Trade in Services Sector\u003cbr\u003e – India’s Services Trade\u003cbr\u003e     India’s Services Exports\u003cbr\u003e     India’s Services Imports\u003cbr\u003e     India’s Balance of Trade in Services\u003cbr\u003e     FDI in India's Service Sector\u003cbr\u003e – Liberalisation of Services in India\u003cbr\u003e     India and Trade Negotiations in Services\u003cbr\u003e     India Moving towards a Services-led Export Growth\u003cbr\u003e – Challenges and Outlook\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e18.  Foreign Direct Investment\u003c\/strong\u003e\u003cbr\u003e – Introduction\u003cbr\u003e – Role of FDI\u003cbr\u003e – FDI Policy: A Historical Perspective\u003cbr\u003e     First Phase 1950-1967\u003cbr\u003e     Second Phase 1967-1980\u003cbr\u003e     Third Phase 1980-1990\u003cbr\u003e     Fourth Phase–1991 Onwards\u003cbr\u003e – Trends in FDI Inflows\u003cbr\u003e     Investment Climate and Prospects for FDI Inflows\u003cbr\u003e – Quality of FDI Inflows\u003cbr\u003e     Sectoral Composition\u003cbr\u003e     Impact of FDI on Growth and Domestic Investment\u003cbr\u003e     FDI and Export-Platform Production\u003cbr\u003e – FPI Inflows and their Impact\u003cbr\u003e – India as an Emerging Source of FDI Outflows\u003cbr\u003e – Concluding Remarks and Policy Lessons\u003cbr\u003e     Policy Lessons\u003cbr\u003e     Changes in Sectoral Composition\u003cbr\u003e     Changes in the Sources of FDI\u003cbr\u003e     FDI Outlook\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eV.3. Financial Sector:\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e 19. The Financial Sector: Structure, Performance and Reforms.\u003c\/strong\u003e\u003cbr\u003e – Growing Importance of Finance in India\u003cbr\u003e – Financial Sector Development in India\u003cbr\u003e     Institutional Structure\u003cbr\u003e     Capital Markets\u003cbr\u003e     Money Markets\u003cbr\u003e     1991 and After: The Reform Years\u003cbr\u003e     Role of Competition\u003cbr\u003e     Capital Adequacy and Government Ownership in\u003cbr\u003e    the Banking Sector\u003cbr\u003e – Conclusion\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eV.4. External Sector:\u003cbr\u003e 20. Foreign Trade and Trade Policy.\u003c\/strong\u003e\u003cbr\u003e – Constraints Arising from Foreign Trade and\u003cbr\u003e    Import Substitution-based Policies\u003cbr\u003e – Exports and Imports: Broad Trends\u003cbr\u003e   • Exports\u003cbr\u003e    – Composition of India's Exports\u003cbr\u003e    – Direction of Exports\u003cbr\u003e    – Export Diversification\u003cbr\u003e   • Imports\u003cbr\u003e    – Composition of Imports\u003cbr\u003e – Direction of Trade\u003cbr\u003e – World Merchandise Trade: Global Recession\u003cbr\u003e   • Services Trade\u003cbr\u003e – Special Economic Zones (SEZs)\u003cbr\u003e – Challenges and Outlook\u003cbr\u003e – Appendix: Balance of Trade\u003cbr\u003e – Trade Policy: An Overview\u003cbr\u003e   • Import Substitution based Strategy\u003cbr\u003e    – Towards Efficient Import Substitution\u003cbr\u003e   • Trade Policy since 1991\u003cbr\u003e    – Outward Orientation Focusing on Export Promotion\u003cbr\u003e   • Recent Trade Policy Measures\u003cbr\u003e – Annual Supplement 2012-13 to the Foreign Trade Policy\u003cbr\u003e   2009-2014 (June 5, 2012)\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e 21. Balance of Payments.\u003c\/strong\u003e\u003cbr\u003e – Concepts\u003cbr\u003e – India’s Balance of Payment Trends: 1950-51 to 2011-12\u003cbr\u003e   • First and Second Oil Shocks of 1973 and 1980\u003cbr\u003e   • External Payment Crisis of 1991\u003cbr\u003e    – The Crisis: 1990-1992\u003cbr\u003e   • India’s BoP during 2011-12\u003cbr\u003e   • Current Account during H1 of 2012-13\u003cbr\u003e – Sustainability of Current Account\u003cbr\u003e – Capital Account\u003cbr\u003e – External Debt\u003cbr\u003e   • International Comparison\u003cbr\u003e – Foreign Exchange Reserves\u003cbr\u003e   • Approach\u003cbr\u003e   • Developments\u003cbr\u003e   • Issues\u003cbr\u003e    – Foreign Exchange Rate Policy\u003cbr\u003e     ¡ Exchange Rate of Other Emerging Economies\u003cbr\u003e     ¡ Nominal Effective Exchange Rate (NEER) and Real\u003cbr\u003e      Effective Exchange Rate (REER)\u003cbr\u003e – Exchange Rate Management\u003cbr\u003e – Concluding Remarks\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e 22. India and the WTO\u003c\/strong\u003e\u003cbr\u003e – World Trade Organization 13-18, 2005)\u003cbr\u003e – India and the WTO\u003cbr\u003e – India's Participation in WTO Meetings, 2005)\u003cbr\u003e – WTO Negotiations and India 2005)\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e \u003cbr\u003e\u003cstrong\u003e 23. India and the Global Economy\u003c\/strong\u003e\u003cbr\u003e – State of the Global Economy\u003cbr\u003e – Locating India in the New Global Economy\u003cbr\u003e – Engaging the World\u003cbr\u003e – Challenges and Outlook\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e  Questions\u003c\/p\u003e\n\u003cp\u003e  Glossary\u003c\/p\u003e\n\u003cp\u003e  Select Bibliography\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"glossymenu\"\u003e\n\u003cdiv class=\"submenu\"\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003ctable style=\"width: 100%; height: 78.3752px;\" width=\"100%\"\u003e\n\u003ctbody\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003ePublisher\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003eAF Press\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003ePublication Date\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003e\n\u003cmeta charset=\"utf-8\"\u003e \u003cspan\u003e2013\u003c\/span\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003eNumber of Pages\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003e510\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003eISBN\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003e\n\u003cmeta charset=\"utf-8\"\u003e \u003cmeta charset=\"utf-8\"\u003e \u003cspan\u003e9789332700857\u003c\/span\u003e\u003cbr\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e","brand":"Uma Kapila","offers":[{"title":"Paperback \/ ENG- English \/ Economics","offer_id":51286125609281,"sku":null,"price":745.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0938\/9067\/5009\/files\/indianeconomy_4th_front.png?v=1768902755","url":"https:\/\/www.academicfoundation.com\/products\/development-narratives-copy","provider":"Academic Foundation | AF Press","version":"1.0","type":"link"}