Indian Economy Since Independence (30th Edition)

A comprehensive and critical analysis of India’s economy, 1947-2019

Uma Kapila

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Praise for this 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

Rahul Anand

Pulapre Balakrishnan

Rama Baru

Aditya Bhattacharjea

Rupa Chanda

S. Mahendra Dev

Biswajit Dhar

Leena Mary Eapen

Tim Dyson

Ashok Gulati

Vijay Joshi

Uma Kapila

Vijay Kelkar

Kalpana Kochhar

Nagesh Kumar

A.K. Shiva Kumar

Dipak Mazumdar

Saurabh Mishra

Rakesh Mohan

K. Nagaraj

R. Nagaraj

Sthanur R. Nair

Arvind Panagariya

T.S. Papola (late)

C. Rangarajan

Partha Ray

Shweta Saini

Sandip Sarkar

Alakh N. Sharma

Jayan Jose Thomas

 


Contents in detail

Preface

Acknowledgements
About the Contributors
 
 
Part I
Planning, Institutional Framework,
Constraints and  Role of the State
 
1. Indian Economy at Independence
    Uma Kapila
 
 
2. Planning, Market and the State
    Editorial Notes
 
3. Economic Reforms: Looking Back and Ahead
    C. Rangarajan
 
4. India’s Economic Reforms:
    Reflections on the Unfinished Agenda
    Vijay Joshi
 
5. Fiscal and Budgetary Developments:
    Prospects and Reforms
    Editorial Notes
 
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
 
 
Part III
Distributional Issues: Poverty, Inequality, Malnutrition
and Unemployment
 
13. Assessment of the Growth Experience:
      Poverty, Inequality and Unemployment
      Editorial Notes
 
14. Report of the Expert Group to Review the Methodology for
      Measurement of Poverty: Executive Summary
      Rangarajan Committee Report
 
15. Counting the Poor: Measurement and Other Issues
      C. Rangarajan and S. Mahendra Dev
 
16. 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
 
17. Labour and Employment in Fast Growing India:
      Issues of Employment and Inclusiveness
      T.S. Papola and Alakh N. Sharma
 
 
Part IV
Agriculture
 
18. Indian Agriculture: Developments, Issues,
      Policies and Agenda for Reforms
      Editorial Notes
 
19. Economic Reforms and Indian Agriculture
      Ashok Gulati and Shweta Saini
 
20. The Context and Conundrums of
      Contemporary Agriculture
      World Bank Group
 
21. Agrarian Performance and Food Price Inflation
      in India: Pre- and Post-Economic Liberalisation
      Sthanur R. Nair and Leena Mary Eapen
 
 
 
Part V
Industry, Services and Infrastructure
 
22. Industrial Development and
      Policies since Independence
      Editorial Notes
 
23. Economic Reforms and Manufacturing 
      Sector Growth: Need for Reconfiguring the
      Industrialisation Model
      R. Nagaraj
 
24. Economic Growth without Employment:
      The Story of Indian Manufacturing
      Jayan Jose Thomas
 
25. The Employment Problem in India and the
      Phenomenon of the Missing Middle
      Dipak Mazumdar and Sandip Sarkar
 
26. On Strategies for Disinvestment and Privatisation
      Vijay Kelkar
 
27. Of Omissions and Commissions:
      India’s Competition Laws
      Aditya Bhattacharjea
 
28. Clothes and Shoes: Can India Reclaim
      Low Skill Manufacturing?
      Ministry of Finance
 
29. India’s Services Sector:
      Trends, Opportunities and Challengess
      Rupa Chanda
 
30. Infrastructure and Economic Development
      Editorial Notes
 
31. Indian Financial Sector: Structure,
      Trends and Turns
      Rakesh Mohan and Partha Ray
 
 
Part VI
The External Sector
 
32. India’s External Sector: 
      Policies, Developments and Issues
      Editorial Notes
 
33. Some Issues in External Sector Management
      C. Rangarajan
 
34. India’s New Foreign Trade Policy:
      Pluses and Minuses
      Biswajit Dhar
 
35. Make in India: Which Exports can Drive
      the Next Wave of Growth? 
      Rahul Anand, Kalpana Kochhar and Saurabh Mishra
 
36. Foreign Direct and Portfolio Investments
      Flows and Development:
      A Perspective on Indian Experience
      Nagesh Kumar
 
37. India and the WTO
      Editorial Notes
 
38. Indian Economy Today: An Overview and
      Comparative Perspective
      Uma Kapila


Publisher AF Press
Publication Date 2019
Number of Pages 1040
ISBN 9789332705173
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.

Praise for this 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

Rahul Anand

Pulapre Balakrishnan

Rama Baru

Aditya Bhattacharjea

Rupa Chanda

S. Mahendra Dev

Biswajit Dhar

Leena Mary Eapen

Tim Dyson

Ashok Gulati

Vijay Joshi

Uma Kapila

Vijay Kelkar

Kalpana Kochhar

Nagesh Kumar

A.K. Shiva Kumar

Dipak Mazumdar

Saurabh Mishra

Rakesh Mohan

K. Nagaraj

R. Nagaraj

Sthanur R. Nair

Arvind Panagariya

T.S. Papola (late)

C. Rangarajan

Partha Ray

Shweta Saini

Sandip Sarkar

Alakh N. Sharma

Jayan Jose Thomas

 


Contents in detail

Preface

Acknowledgements
About the Contributors
 
 
Part I
Planning, Institutional Framework,
Constraints and  Role of the State
 
1. Indian Economy at Independence
    Uma Kapila
 
 
2. Planning, Market and the State
    Editorial Notes
 
3. Economic Reforms: Looking Back and Ahead
    C. Rangarajan
 
4. India’s Economic Reforms:
    Reflections on the Unfinished Agenda
    Vijay Joshi
 
5. Fiscal and Budgetary Developments:
    Prospects and Reforms
    Editorial Notes
 
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
 
 
Part III
Distributional Issues: Poverty, Inequality, Malnutrition
and Unemployment
 
13. Assessment of the Growth Experience:
      Poverty, Inequality and Unemployment
      Editorial Notes
 
14. Report of the Expert Group to Review the Methodology for
      Measurement of Poverty: Executive Summary
      Rangarajan Committee Report
 
15. Counting the Poor: Measurement and Other Issues
      C. Rangarajan and S. Mahendra Dev
 
16. 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
 
17. Labour and Employment in Fast Growing India:
      Issues of Employment and Inclusiveness
      T.S. Papola and Alakh N. Sharma
 
 
Part IV
Agriculture
 
18. Indian Agriculture: Developments, Issues,
      Policies and Agenda for Reforms
      Editorial Notes
 
19. Economic Reforms and Indian Agriculture
      Ashok Gulati and Shweta Saini
 
20. The Context and Conundrums of
      Contemporary Agriculture
      World Bank Group
 
21. Agrarian Performance and Food Price Inflation
      in India: Pre- and Post-Economic Liberalisation
      Sthanur R. Nair and Leena Mary Eapen
 
 
 
Part V
Industry, Services and Infrastructure
 
22. Industrial Development and
      Policies since Independence
      Editorial Notes
 
23. Economic Reforms and Manufacturing 
      Sector Growth: Need for Reconfiguring the
      Industrialisation Model
      R. Nagaraj
 
24. Economic Growth without Employment:
      The Story of Indian Manufacturing
      Jayan Jose Thomas
 
25. The Employment Problem in India and the
      Phenomenon of the Missing Middle
      Dipak Mazumdar and Sandip Sarkar
 
26. On Strategies for Disinvestment and Privatisation
      Vijay Kelkar
 
27. Of Omissions and Commissions:
      India’s Competition Laws
      Aditya Bhattacharjea
 
28. Clothes and Shoes: Can India Reclaim
      Low Skill Manufacturing?
      Ministry of Finance
 
29. India’s Services Sector:
      Trends, Opportunities and Challengess
      Rupa Chanda
 
30. Infrastructure and Economic Development
      Editorial Notes
 
31. Indian Financial Sector: Structure,
      Trends and Turns
      Rakesh Mohan and Partha Ray
 
 
Part VI
The External Sector
 
32. India’s External Sector: 
      Policies, Developments and Issues
      Editorial Notes
 
33. Some Issues in External Sector Management
      C. Rangarajan
 
34. India’s New Foreign Trade Policy:
      Pluses and Minuses
      Biswajit Dhar
 
35. Make in India: Which Exports can Drive
      the Next Wave of Growth? 
      Rahul Anand, Kalpana Kochhar and Saurabh Mishra
 
36. Foreign Direct and Portfolio Investments
      Flows and Development:
      A Perspective on Indian Experience
      Nagesh Kumar
 
37. India and the WTO
      Editorial Notes
 
38. Indian Economy Today: An Overview and
      Comparative Perspective
      Uma Kapila


Publisher AF Press
Publication Date 2019
Number of Pages 1040
ISBN 9789332705173
Expected delivery date:
24 Jun Usually ready in 2-3 days.

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Indian Economy Since Independence (30th Edition)

Indian Economy Since Independence (30...

₹ 1,095.00
₹ 1,095.00