{"product_id":"gujarat-copy","title":"India's Development Story","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\u003ePraise for this book\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cp\u003eExcerpts from the Foreword\u003c\/p\u003e\n\u003cp\u003eWhile there is no dearth of available material, both in terms of views and research  presentations through  various electronic media, a publication like the EDI continues to be a precious resource for providing at one place, some of the best pieces of academic writing and also important reports and policy documents on different aspects of our country ’s economy. That is why EDI has also become an important source of policy ideas and analyses to the country’s policy makers as well as opinion leaders.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eThe most important aspect of EDI is its eclectic approach in selecting material. You will find here outstanding work of scholars representing different schools of thought such as Neo- Marxist, Keynesian, neoliberal. I cannot over emphasize the value of such an open approach for nurturing scholarship\u003cbr\u003ein India.\u003cbr\u003e\u003cstrong\u003e — Vijay L. Kelkar\u003c\/strong\u003e\u003cbr\u003eChairman of the Forum of Federations, Ottawa;\u003cbr\u003eIndia Development Foundation, New Delhi and Janwani.\u003cbr\u003eEarlier, he was Chairman of the 13th Finance Commission;\u003cbr\u003eAdvisor to the Minister of Finance (2002-2004);\u003cbr\u003eand is known for his role in economic reforms in India.\u003c\/p\u003e\n\u003cspan class=\"morecontent\"\u003e\u003cspan\u003e\u003c\/span\u003e \u003c\/span\u003e\n\u003c\/div\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\n\u003cspan\u003e\u003c\/span\u003e\u003cbr\u003e\n\u003c\/h2\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eAbout the Author(s) \/ Editor(s)\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cp\u003e\u003cstrong\u003eRaj Kapila\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis Director, Academic Foundation. Earlier, he has been with Planning Commission, Government of India; Ministry of Commerce and Industry; Industrial economist to Government of Punjab; Secretary, the Vanaspati Manufacturers Association of India; and Advisor, Hindustan Vegetable Oil Corporation. He has written extensively and has authored and edited several books.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eUma Kapila\u003c\/strong\u003e, author\/editor of several books on Indian economy, retired as Reader, Department of Economics, Miranda House, University of Delhi. She has taught Indian economy to undergraduate students for more than 42 years and is the author of the widely-read book\u003cspan\u003e \u003c\/span\u003e\u003cem\u003eIndian Economy since Independence\u003c\/em\u003e, currently into its 25th edition. Presently, she is Senior Editor, Academic Foundation.\u003c\/p\u003e\n\u003cspan class=\"morecontent\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cspan class=\"morecontent\"\u003e\u003c\/span\u003e\u003cbr\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"more\"\u003e\u003cspan class=\"morecontent\"\u003e \u003c\/span\u003e\u003c\/div\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\n\u003cspan\u003eContributors\u003c\/span\u003e\u003cspan\u003e\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cp\u003e\u003cstrong\u003eShankar Acharya\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis currently Member, Board of Governors and Honorary Professor, Indian Council for Research and International Economic Relations (ICRIER), New Delhi. He is also the Non-Executive Part-time Chairman of the Board of Directors of Kotak Mahindra Bank; besides serving on the governing boards of other national research organisations and the Advisory Committee on Monetary Policy of the Reserve Bank of India (RBI). He is a member of several advisory corporate boards, and writes a fortnightly column for the financial daily, Business Standard.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003eC.P. Chandrasekhar\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis Professor, Centre for Economic Studies and Planning, School of Social Sciences, Jawaharlal Nehru University (JNU), New Delhi. He has published widely in academic journals and is a regular columnist for Frontline (titled Economic Perspectives), Business Line (titled Macroscan) and the website of The Hindu (titled Economy Watch). \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003eK.C. Chakrabarty\u003c\/strong\u003e, former Deputy Governor, RBI, started his career in teaching and research at the Banaras Hindu University. Earlier, he was Chairman of the Indian Bank and then Punjab National Bank. He has recently joined the board of Indiabulls Housing Finance Ltd (IBHFL) as an independent director.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003eP. Chidambaram\u003c\/strong\u003e, former Finance Minister, Government of India (GoI), is an Indian politician affiliated with the Indian National Congress. A corporate lawyer, he was earlier the Union Home Minister.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eBibek Debroy\u003c\/strong\u003e, a professional economist, has been recently appointed as a full-time member of the newly-created NITI Aayog or National Institution for Transforming India. Earlier, he was Director, Rajiv Gandhi Institute for Contemporary Studies, Rajiv Gandhi Foundation, New Delhi; Consultant to the Department of Economic Affairs, Ministry of Finance, Government of India (GoI); and Secretary General, PHD Chamber of Commerce and Industry (PHDCCI). \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003eJayati Ghosh\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis Professor of economics at JNU, New Delhi, and the Executive Secretary of International Development Economics Associates (Ideas). She was the Chairperson, Andhra Pradesh Commission on Farmers’ Welfare (2004) and Member, National Knowledge Commission (2004-2009). She is a regular columnist for several Indian journals and newspapers and is closely involved with a range of progressive organisations and social movements. \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003eAshok Gulati\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis currently Infosys Chair Professor for Agriculture at ICRIER. Earlier, he was Chairman, Commission for Agricultural Costs and Prices (CACP), GoI; and Director, International Food Policy Research Institute (IFPRI). He also served as NABARD Chair Professor at the Institute of Economic Growth, and as Chief Economist at the National Council of Applied Economics Research (NCAER) in India. He has published widely in international and Indian journals, and is a prolific writer in media as well.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003eSurbhi Jain\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis Director, Commission for Agricultural Costs and Prices (CACP), Ministry of Agriculture, GoI. \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003eRaj Kapila\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis Director, Academic Foundation. Earlier, he has been with Planning Comission, GoI; Ministry of Commerce and Industry; Industrial economist to Government of Punjab; Secretary, the Vanaspati Manufacturers Association of India; and Advisor, Hindustan Vegetable Oil Corporation. He has written extensively and has authored and edited several books.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eUma Kapila\u003c\/strong\u003e, author\/editor of several books on Indian economy, retired as Reader, Department of Economics, Miranda House, University of Delhi. She has taught Indian economy to undergraduate students for more than 42 years and is the author of the widely-read book Indian Economy since Independence, currently into its 25th edition. Presently, she is Senior Editor, Academic Foundation.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003ePadma Iyer Kaul\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis Communication Controller of Accounts, Jammu and Kashmir, Department of Telecom, Ministry of Communication \u0026amp; IT, GoI. Earlier, she was working as Director, Economic Advisory Council to the Prime Minister.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003eVijay L. Kelkar\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis currently Chairman of the Forum of Federations, Ottawa; India Development Foundation, New Delhi and Janwani—a social initiative of the Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA) in Pune. Earlier, he was Chairman of the 13th Finance Commission;  Advisor to the Minister of Finance (2002-2004); and is known for his role in economic reforms in India. \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003eRakesh Mohan\u003c\/strong\u003e, former Deputy Governor, RBI, is presently the Vice Chairperson of Indian Institute for Human Settlements. He was appointed in November 2012 as an Executive Director of the International Monetary Fund (IMF) for a three-year term. He remained an advisor to numerous ministries in GoI, including industry and finance. He will shortly be taking over as India’s Executive Director at the IMF, Washington D.C.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003eDeepak Mohanty\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis Executive Director, RBI. The areas supervised by him are monetary policy, economic research and statistics. Earlier, he served in the IMF as Senior Advisor. \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003eN.A. Mujumdar\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003e(late) was a distinguished economist who had wide interests in rural issues (particularly the food economy), monetary and fiscal policies, and international issues. He retired as Principal Advisor, Department of Economic Analysis and Policy, RBI, in 1988. He was also Editor of the Indian Journal of Agricultural Economics. \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eR. Nagaraj\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis Professor, Indira Gandhi Institute of Development Research, Mumbai. Earlier, he was Visiting Professor, Woodrow Wilson School, Princeton University, New Jersey, US; Visiting Professor, Hosei University, Tokyo; Visiting Fellow, Centre for International Studies, Princeton University, New Jersey, US; and Assistant Professor, Institute of Public Enterprise, Hyderabad. \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003ePulin B. Nayak\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis Professor of Economics at the Delhi School of Economics (DSE), University of Delhi. Earlier, he held the Agatha Harrison Fellowship at St Antony’s College, Oxford; and was Director, Delhi School of Economics. \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003eIla Patnaik\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis Principal Economic Advisor to the GoI. Earlier, she was RBI Chair Professor at the National Institute of Public Finance and Policy (NIPFP), New Delhi and has worked at the NCAER, ICRIER and as Economics Editor of the Indian Express. \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003eIndira Rajaraman\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003ewas a Member of the 13th Finance Commission. Earlier, she held the RBI Chair at the NIPFP, Delhi; and was on the Economics faculty of the Indian Institute of Management, Bangalore. She writes regularly in the Financial Press.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003eRaghuram G. Rajan\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eis Governor, RBI. Earlier, he was Chief Economic Advisor, Ministry of Finance, GoI. He was also chief economist at the IMF. For his book Fault Lines: How Hidden Fractures Still Threaten the World Economy, he was awarded the Financial Times-Goldman Sachs prize for the best business book in 2010.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003eC. Rangarajan\u003c\/strong\u003e, a distinguished former Member of Parliament and Ex-Governor of the RBI, was Chairman of the Prime Minister’s Economic Advisory Council; served as the Governor of Andhra Pradesh and Chairman of 12th Finance Commission. Presently, he is Chairman, Madras School of Economics; President, Indian Statistical Institute; and Founding Chairman, C.R. Rao Advanced Institute of Mathematics, Statistics and Computer Science.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eC.H. Hanumantha\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003eRao is presently Chancellor, Hyderabad Central University; Chancellor, ICFAI Foundation for Higher Education (deemed to be University), Hyderabad; Honorary Professor, Centre for Economic and Social Studies (CESS), Hyderabad and Institute of Economic Growth (IEG), University of Delhi. He was a Fellow, IEG, University of Delhi, as well as its Director (1997-1980) and Chairman (2002-2008). One of the Founder-Members of CESS, Hyderabad, he was its Chairman during 1995-2007. \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003eY.V. Reddy\u003c\/strong\u003e, an Indian Administrative Service (IAS) officer of the 1964 batch, is Chairman of the 14th Finance Commission of India. Earlier, he was Governor, RBI. He has held the positions of Secretary (Banking) in the Ministry of Finance and Principal Secretary in the Government of Andhra Pradesh. He has also worked with the governments of China, Bahrain, Ethiopia and Tanzania. \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eAlok Sheel\u003c\/strong\u003e, IAS of the Kerala Cadre, has over 30 years of experience in public administration. Apart from extended stints in the finance departments in both Kerala and the GoI, he has interfaced with multilateral financial institutions such as the World Bank, IMF and UNDP, and also has anchored India’s engagement with the G20. He is currently Additional Chief Secretary to the Government of Kerala.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003eManmohan Singh\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003ewas the 14th Prime Minister of India from 2004 to 2014. He began his bureaucratic career as an advisor in the Ministry of Foreign Trade. Over the 1970s and 1980s, he held several key posts in the GoI, such as Chief Economic Advisor (1972-1976), Governor, RBI (1982-1985) and Deputy Chairman, Planning Commission (1985-1987). In 1991, as Finance Minister, Dr Singh carried out several structural reforms that liberalised India’s economy.\u003c\/p\u003e\n\u003cspan class=\"morecontent\"\u003e\u003cspan\u003e\u003c\/span\u003e \u003c\/span\u003e\n\u003c\/div\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cbr\u003e\u003c\/h2\u003e\n\u003ch2 class=\"glossymenu\"\u003eContnets in Detail\u003c\/h2\u003e\n\u003cdiv class=\"glossymenu\"\u003e\n\u003cdiv class=\"submenu\"\u003e\n\u003cp\u003eList of Tables and Figures \u003cspan\u003e   \u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003eContributors   \u003cspan\u003e \u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003eForeword by Vijay L. Kelkar  \u003cspan\u003e \u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003eAcknowledgements\u003c\/p\u003e\n\u003cp\u003eIntroduction\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e     \u003cstrong\u003eSection I\u003c\/strong\u003e\u003cbr\u003e\u003cstrong\u003e    Growth and Social Development\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003e1. Why Does India’s Economic: Growth Process Falter?\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003e    \u003c\/span\u003e\u003cstrong\u003eM.H. Bala Subrahmanya\u003c\/strong\u003e\u003cspan\u003e  \u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e2. Two Issues in India’s Growth Story\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e    C. Rangarajan\u003c\/strong\u003e\u003cspan\u003e    \u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e3. India: Economic Reforms and Growth Transition\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e    Arvind Virmani\u003c\/strong\u003e\u003cspan\u003e     \u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e4. Transit Path for Indian Economy: Six Steps for\u003cbr\u003e    Transforming the Elephant into a Tiger\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e     K.C. Chakrabarty   \u003cspan\u003e \u003c\/span\u003e\u003c\/strong\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e5. Indian Economy in Crisis: Assessment and Prospects\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e    A. Vaidyanathan \u003c\/strong\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e6. No Magic Wand: Why GDP Growth May Not\u003cbr\u003e    Exceed 5.5 Per cent in FY 2015\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e    Bibek Debroy\u003c\/strong\u003e    \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e7. India’s Three Arrows: How it Can Fire itself\u003cbr\u003e    Back to High Growth\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e    Alok Sheel \u003c\/strong\u003e   \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e8. Economic Growth and Social Development:\u003cbr\u003e    Synergic or Contradictory?\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e    C. Rangarajan\u003c\/strong\u003e\u003cspan\u003e    \u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e9. Achieving Inclusive Growth: Recent Experience\u003cbr\u003e   and Challenges Ahead\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e    C.H. Hanumantha Rao\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e10. The Imperative of Distribution\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e      Pulin B. Nayak  \u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e11. Inclusiveness of Poor in Growth Akin to Mirage\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e      N.A. Mujumdar\u003c\/strong\u003e\u003cspan\u003e    \u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e12. The Demographic Challenge and Employment\u003cbr\u003e     Growth in India\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e     Jayan Jose Thomas\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e13. Finance and Opportunity in India\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e      Raghuram G. Rajan \u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e14. Indian Inflation Puzzle\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e      Deepak Mohanty\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e15. Hold on to Interest Rates\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e      Ila Patnaik\u003c\/strong\u003e\u003cbr\u003e \u003c\/p\u003e\n\u003cp\u003e16. Convergence: Have the Lower Income\u003cbr\u003e      States ‘Caught Up’?\u003cbr\u003e   \u003cspan\u003e \u003c\/span\u003e\u003cstrong\u003e  C. Rangarajan, Padma Iyer Kaul\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e       and E.M. Vibeesh\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e    \u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e17. Funding States\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e      Indira Rajaraman \u003c\/strong\u003e\u003cspan\u003e   \u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e18. India’s Economic Future: Moving Beyond\u003cbr\u003e     State Capitalism?\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e      Vijay L. Kelkar  \u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e19. India’s Future: Opportunities and the Challenges\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e      Manmohan Singh\u003c\/strong\u003e\u003cspan\u003e    \u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e20. Needed, a Growth Commission\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e      C. Rangarajan\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e21. Ten Myths of Indian Economic Policy\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e      Shankar Acharya\u003c\/strong\u003e    \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e     \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e       Section II\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e       \u003cstrong\u003eGlobalisation and Global Financial Crisis\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e22. Financial Globalisation, Growth and Stability:\u003cbr\u003e      An Indian Perspective\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e      Y.V. Reddy\u003c\/strong\u003e    \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e23. India and the Global Financial Crisis:\u003cbr\u003e      What Have We Learnt?\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e      Duvvuri Subbarao\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e  \u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp\u003e24. Global Financial Crisis: Causes, Impact,\u003cbr\u003e      Policy Responses and Lessons\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e       Rakesh Mohan\u003c\/strong\u003e  \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e       \u003cstrong\u003eSection III\u003c\/strong\u003e\u003cbr\u003e       \u003cstrong\u003eSectoral Development: Agriculture, Industry,\u003cbr\u003e       Financial Sector and the External Sector\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e25. Changing Contours of Rural India:\u003cbr\u003e      Causes and Consequences\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e      V.S. Vyas\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e26. India’s Second Green Revolution\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e      Ashok Gulati and Surbhi Jain \u003c\/strong\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e27. The Industrial Recession: New or Ongoing?\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e      C.P. Chandrasekhar and Jayati Ghosh\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e28. Indian Investments Abroad:\u003cbr\u003e      What Explains the Boom?\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e      R. Nagaraj \u003c\/strong\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e29. The Five Pillars of RBI’s Financial Sector Policies\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e      Raghuram G. Rajan  \u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e \u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e30. Capital Account Management and Macro-Prudential Regulation\u003c\/p\u003e\n\u003cp\u003e      for Financial Stability and Growth\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e      P. Chidambaram\u003c\/strong\u003e    \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e31. Indian Economic Crisis and the Fall of Rupee\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e      Manmohan Singh\u003c\/strong\u003e  \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e32. What Saved the Rupee?\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e      Arvind Subramanian  \u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e33. Recent Improvement in the Current\u003cbr\u003e      Account Deficit: Is it Sustainable?\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e      C. Rangarajan \u003c\/strong\u003e \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"glossymenu\"\u003e\u003cbr\u003e\u003c\/div\u003e\n\u003cdiv class=\"glossymenu\"\u003e\n\u003cdiv class=\"submenu\"\u003e\n\u003ctable cellspacing=\"1\" cellpadding=\"1\" border=\"0\"\u003e\n\u003ctbody\u003e\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003ctable width=\"100%\" style=\"width: 100%; height: 78.3752px;\"\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 2015\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;\"\u003e446\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 9789332701830\u003cbr\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e","brand":"Raj Kapila (Ed.)‚ Uma Kapila (Ed.)","offers":[{"title":"Hardcover \/ ENG- English \/ Development \u0026 Growth","offer_id":51285766111553,"sku":null,"price":1295.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0938\/9067\/5009\/files\/indiasdevelopmentstory_front.png?v=1768889004","url":"https:\/\/www.academicfoundation.com\/products\/gujarat-copy","provider":"Academic Foundation | AF Press","version":"1.0","type":"link"}