Indian Economy Since Independence (32th Edition)
Uma Kapila (Ed.)

Foreword: Uma Kapila (Ed.)

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About the Book

Praise for the silver jubilee edition:
“Uma Kapila’s 25th edition of this well-known volume contains an excellent and up-to-date collection of essays on the Indian Economy by some of the country’s leading economists, interspersed with very useful contributions by the editor herself. It will be a great boon for all students of the Indian economy…young and old.”
— Shankar Acharya
    Chief Economic Adviser to the Government of India (1993-2001)
 
Sharing a piece of its history...
Year 1988: Upon publication of the first edition of this book, which was originally designed for students of the University of Delhi, Prof. VKRV Rao, the legendary economist, policymaker and institution builder, thus wrote   in a letter addressed to the editor Uma Kapila:
“...It will be a most unusual kind of textbook for pioneering which you deserve congratulations. I, therefore, send you   my good wishes for the success of the publication and its use by students who do Economics Honours not only in the University of Delhi but also other universities.”   
—V.K.R.V. Rao
 
 
“The annual edition of Dr. Uma Kapila’s Indian Economy since Independence has become a staple, annually updated, reference for University students throughout the country, for aspirants for the civil service and other examinations, and  for all those interested in a single comprehensive source of information, and analysis by a galaxy of scholars, on the Indian economy. This twenty-fifth anniversary edition marks a milestone in a remarkable journey, begun in 1988 by a revered teacher of long standing from Delhi University.” 
— Indira Rajaraman
      Member, 13th Finance Commission and 
      Member, India Advisory Board of the World Gold Council


About the Author(s) / Editor(s)

Dr. Uma Kapila, 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. Currently, she is Editorial Director, Academic Foundation.

Contributors

Arnab Acharya

Sanghmitra Acharya

Sarthi Acharya

Pulapre Balakrishnan

Rama Baru

Aditya Bhattacharjea

Rupa Chanda

Sajjid Z Chinoy 

Shaktikanta Das

S. Mahendra Dev

Biswajit Dhar

Tim Dyson

Ashok Gulati

Toshi Jain

Vijay Joshi

Uma Kapila

Muneesh Kapur

Vijay Kelkar

Nagesh Kumar

A.K. Shiva Kumar  

Santosh Mehrotra

Rakesh Mohan

K. Nagaraj

R. Nagaraj

Arvind Panagariya

T.S. Papola (late)

C. Rangarajan

Partha Ray

Shweta Saini

Alakh N. Sharma

D.K. Srivastava

Jayan Jose Thome


Contents in Detail

Preface

Acknowledgements

About the Contributors

Part I

Planning, Institutional Framework,

Constraints and  Role of the State

  1. Indian Economy at Independence:
  2. Planning, Market and the State
Uma Kapila
 2. India’s Economic Reforms:
    Reflections on the Unfinished Agenda
    Vijay Joshi
 
3. Fiscal and Budgetary Developments:
    Prospects and Reforms
    Editorial Notes
 
4. Fiscal Policy and Growth in a
    Post-COVID-19 World
    Sajjid Chinoy and Toshi Jain
 
 5. Evolving Contours of Monetary Policy
    C. Rangarajan
 
 6. Demography and Development
    Editorial Notes
 
 7. India’s Demographic Transition and its
    Consequences for Development
    Tim Dyson
 
 Part II
Growth and Structural Change since 1950
 8. Growth and Structural Change Since 1950
    Editorial Notes
 
 9. The Recovery of India: Economic Growth
    in the Nehru Era
    Pulapre Balakrishnan
 
 10. Pressing the Indian Growth Accelerator:
      Policy Imperative
      Rakesh Mohan and Muneesh Kapur
 
 11. The Intriguing Picture of Investment
      C. Rangarajan
 
 12. India on the Growth Turnpike:
      No State Left Behind
      Arvind Panagariya
 
 13. India’s Growth Prospects and Policy Options:
      Emerging from the Pandemic’s Shadow
      C. Rangarajan and D.K. Srivastava
 
 Part III
Distributional Issues:
Poverty, Inequality, Malnutrition and Unemployment
 
14. Assessment of the Growth Experience:
      Poverty, Inequality and Unemployment
      Editorial Notes
 
 15. Report of the Expert Group to Review the
      Methodology for Measurement of Poverty:
      Executive Summary
      Rangarajan Committee Report
 
 16. Counting the Poor: Measurement and Other Issues
      C. Rangarajan and S. Mahendra Dev
 
 17. Inequities in Access to Health Services in India:
      Caste, Class and Region
      Rama Baru, Arnab Acharya, Sanghmitra Acharya,
      A.K. Shiva Kumar and K. Nagaraj
 
 18. Labour and Employment in Fast Growing India:
      Issues of Employment and Inclusiveness
      T.S. Papola and Alakh N. Sharma
 
 Part IV
Agriculture
 
19. Indian Agriculture: Developments, Issues,
      Policies and Agenda for Reforms
      Editorial Notes
 
 20. Economic Reforms and Indian Agriculture
      Ashok Gulati and Shweta Saini
 
 21. The Agricultural Market Reforms: Is there a
      Trade-off Between Efficiency and Equality?
      Sarthi Acharya and Santosh Mehrotra
 
 Part V
Industry, Services and Infrastructure
 
22. Industrial Development and
      Policies since Independence
      Editorial Notes
 
 23. Reviving Manufacturing and Employment 681
      R. Nagaraj
 
 24. Economic Growth without Employment:
      The Story of Indian Manufacturing
      Jayan Jose Thomas
 
 25. On Strategies for Disinvestment and Privatisation
      Vijay Kelkar
 
 26. Of Omissions and Commissions:
      India’s Competition Laws
      Aditya Bhattacharjea
 
 27. India’s Services Sector:
      Trends, Opportunities and Challengess
      Rupa Chanda
 
28. Infrastructure and Economic Development
      Editorial Notes
 
29. Indian Financial Sector: Structure,
      Trends and Turns
      Rakesh Mohan and Partha Ray
 
 30. Seven Ages of India’s Monetary Policy
      Shaktikanta Das
 
 Part VI
The External Sector
 
31. India’s External Sector:  Policies,
      Developments and Issues
      Editorial Notes
 
 32. India’s New Foreign Trade Policy:
      Pluses and Minuses
      Biswajit Dhar
 
 33. Foreign Direct and Portfolio Investments
      Flows and Development:
      A Perspective on Indian Experience
      Nagesh Kumar
 
 34. India and the WTO
      Editorial Notes
 
Part VII
 
35. Indian Economy Today: An Overview and
      Comparative Perspective
      Uma Kapila
Publisher AF Press
Publication Date 2021
Number of Pages 1014
ISBN 9789332705715
READ MORE

Academic Foundation (AF), based in New Delhi, is India’s leading independent publisher of academic/scholarly books in Social Sciences, specialising in Economics—Development Economics and Indian Economy in particular, and allied subjects.

About the Book

Praise for the silver jubilee edition:
“Uma Kapila’s 25th edition of this well-known volume contains an excellent and up-to-date collection of essays on the Indian Economy by some of the country’s leading economists, interspersed with very useful contributions by the editor herself. It will be a great boon for all students of the Indian economy…young and old.”
— Shankar Acharya
    Chief Economic Adviser to the Government of India (1993-2001)
 
Sharing a piece of its history...
Year 1988: Upon publication of the first edition of this book, which was originally designed for students of the University of Delhi, Prof. VKRV Rao, the legendary economist, policymaker and institution builder, thus wrote   in a letter addressed to the editor Uma Kapila:
“...It will be a most unusual kind of textbook for pioneering which you deserve congratulations. I, therefore, send you   my good wishes for the success of the publication and its use by students who do Economics Honours not only in the University of Delhi but also other universities.”   
—V.K.R.V. Rao
 
 
“The annual edition of Dr. Uma Kapila’s Indian Economy since Independence has become a staple, annually updated, reference for University students throughout the country, for aspirants for the civil service and other examinations, and  for all those interested in a single comprehensive source of information, and analysis by a galaxy of scholars, on the Indian economy. This twenty-fifth anniversary edition marks a milestone in a remarkable journey, begun in 1988 by a revered teacher of long standing from Delhi University.” 
— Indira Rajaraman
      Member, 13th Finance Commission and 
      Member, India Advisory Board of the World Gold Council


About the Author(s) / Editor(s)

Dr. Uma Kapila, 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. Currently, she is Editorial Director, Academic Foundation.

Contributors

Arnab Acharya

Sanghmitra Acharya

Sarthi Acharya

Pulapre Balakrishnan

Rama Baru

Aditya Bhattacharjea

Rupa Chanda

Sajjid Z Chinoy 

Shaktikanta Das

S. Mahendra Dev

Biswajit Dhar

Tim Dyson

Ashok Gulati

Toshi Jain

Vijay Joshi

Uma Kapila

Muneesh Kapur

Vijay Kelkar

Nagesh Kumar

A.K. Shiva Kumar  

Santosh Mehrotra

Rakesh Mohan

K. Nagaraj

R. Nagaraj

Arvind Panagariya

T.S. Papola (late)

C. Rangarajan

Partha Ray

Shweta Saini

Alakh N. Sharma

D.K. Srivastava

Jayan Jose Thome


Contents in Detail

Preface

Acknowledgements

About the Contributors

Part I

Planning, Institutional Framework,

Constraints and  Role of the State

  1. Indian Economy at Independence:
  2. Planning, Market and the State
Uma Kapila
 2. India’s Economic Reforms:
    Reflections on the Unfinished Agenda
    Vijay Joshi
 
3. Fiscal and Budgetary Developments:
    Prospects and Reforms
    Editorial Notes
 
4. Fiscal Policy and Growth in a
    Post-COVID-19 World
    Sajjid Chinoy and Toshi Jain
 
 5. Evolving Contours of Monetary Policy
    C. Rangarajan
 
 6. Demography and Development
    Editorial Notes
 
 7. India’s Demographic Transition and its
    Consequences for Development
    Tim Dyson
 
 Part II
Growth and Structural Change since 1950
 8. Growth and Structural Change Since 1950
    Editorial Notes
 
 9. The Recovery of India: Economic Growth
    in the Nehru Era
    Pulapre Balakrishnan
 
 10. Pressing the Indian Growth Accelerator:
      Policy Imperative
      Rakesh Mohan and Muneesh Kapur
 
 11. The Intriguing Picture of Investment
      C. Rangarajan
 
 12. India on the Growth Turnpike:
      No State Left Behind
      Arvind Panagariya
 
 13. India’s Growth Prospects and Policy Options:
      Emerging from the Pandemic’s Shadow
      C. Rangarajan and D.K. Srivastava
 
 Part III
Distributional Issues:
Poverty, Inequality, Malnutrition and Unemployment
 
14. Assessment of the Growth Experience:
      Poverty, Inequality and Unemployment
      Editorial Notes
 
 15. Report of the Expert Group to Review the
      Methodology for Measurement of Poverty:
      Executive Summary
      Rangarajan Committee Report
 
 16. Counting the Poor: Measurement and Other Issues
      C. Rangarajan and S. Mahendra Dev
 
 17. Inequities in Access to Health Services in India:
      Caste, Class and Region
      Rama Baru, Arnab Acharya, Sanghmitra Acharya,
      A.K. Shiva Kumar and K. Nagaraj
 
 18. Labour and Employment in Fast Growing India:
      Issues of Employment and Inclusiveness
      T.S. Papola and Alakh N. Sharma
 
 Part IV
Agriculture
 
19. Indian Agriculture: Developments, Issues,
      Policies and Agenda for Reforms
      Editorial Notes
 
 20. Economic Reforms and Indian Agriculture
      Ashok Gulati and Shweta Saini
 
 21. The Agricultural Market Reforms: Is there a
      Trade-off Between Efficiency and Equality?
      Sarthi Acharya and Santosh Mehrotra
 
 Part V
Industry, Services and Infrastructure
 
22. Industrial Development and
      Policies since Independence
      Editorial Notes
 
 23. Reviving Manufacturing and Employment 681
      R. Nagaraj
 
 24. Economic Growth without Employment:
      The Story of Indian Manufacturing
      Jayan Jose Thomas
 
 25. On Strategies for Disinvestment and Privatisation
      Vijay Kelkar
 
 26. Of Omissions and Commissions:
      India’s Competition Laws
      Aditya Bhattacharjea
 
 27. India’s Services Sector:
      Trends, Opportunities and Challengess
      Rupa Chanda
 
28. Infrastructure and Economic Development
      Editorial Notes
 
29. Indian Financial Sector: Structure,
      Trends and Turns
      Rakesh Mohan and Partha Ray
 
 30. Seven Ages of India’s Monetary Policy
      Shaktikanta Das
 
 Part VI
The External Sector
 
31. India’s External Sector:  Policies,
      Developments and Issues
      Editorial Notes
 
 32. India’s New Foreign Trade Policy:
      Pluses and Minuses
      Biswajit Dhar
 
 33. Foreign Direct and Portfolio Investments
      Flows and Development:
      A Perspective on Indian Experience
      Nagesh Kumar
 
 34. India and the WTO
      Editorial Notes
 
Part VII
 
35. Indian Economy Today: An Overview and
      Comparative Perspective
      Uma Kapila
Publisher AF Press
Publication Date 2021
Number of Pages 1014
ISBN 9789332705715
Expected delivery date:
15 May Usually ready in 2-3 days.

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Indian Economy Since Independence (32th Edition)

Indian Economy Since Independence (32...

₹ 1,095.00
₹ 1,095.00