India's emerging economy : performance and prospects in the 1990s and beyond / edited by Kaushik Basu.

Format:

Book

Contributor:

Basu, Kaushik, editor.

Language:

English

Subjects (All):

Economic policy.

Economic conditions.

India--Economic conditions--20th century--Congresses.

India.

India--Economic conditions--21st century--Congresses.

India--Economic policy--20th century--Congresses.

India--Economic policy--21st century--Congresses.

Genre:

Conference papers and proceedings.

Physical Description:

1 online resource

Place of Publication:

Cambridge, Mass. : MIT Press, 2004.

System Details:

text file

Summary:

India's economy over the last decade looks in many ways like a success story; after a major economic crisis in 1991, followed by bold reform measures, the economy has experienced a rapid economic growth rate, more foreign investment, and a boom in the information technology sector. Yet many in the country still suffer from crushing poverty, and social and political unrest remains a problem. These essays by leading academics, policymakers, and industrialists -- including one by Amartya Sen, the 1998 winner of the Nobel Prize in economics for his work on poverty and inequality -- examine the facts of India's recent economic successes and their social and cultural context.

India's rate of economic growth after the 1991 reforms were instituted reached a remarkable 7 percent for three consecutive years, from 1994 to 1997. Several contributors to India's Emerging Economy ask what this means for the nation as a whole. In his essay "Democracy and Secularism in India." Amartya Sen argues that economic progress is not the only way to measure a nation's performance. Other essays examine the actual effect India's economic growth has had on reducing poverty and recommend policies to empower the poor. Essays also address such issues as globalization and the vulnerabilities and opportunities it creates. India's experience with monetary and fiscal reform, the rapid growth of the information technology sector (including a case study of India's software industry), and India's grassroots economy.

Contents:

1 The Indian Economy: Up to 1991 and Since / Kaushik Basu 3

II Political Economy of India 33

2 Democracy and Secularism in India / Amartya Sen 35

3 Disjunctures in the Indian Reform Process: Some Reflections / Pranab Bardhan 49

III Monetary and Fiscal Reforms 59

4 Monetary and Financial Sector Reforms in India: A Practitioner's Perspective / Y. V. Reddy 61

5 Some Macroeconomics of India's Reform Experience / Mihir Rakshit 83

6 State-Level Fiscal Reforms in India / M. Govinda Rao 115

IV Poverty and Public Goods 151

7 Policies for Pro-Poor Growth in India / Manuela Ferro, David Rosenblatt, Nicholas Stern 153

8 Who Is Getting the Public Goods in India? Some Evidence and Some Speculation / Abhijit V. Banerjee 183

V Technology and Takeoff 215

9 The Impact of Economic Reforms on Industry in India: A Case Study of the Software Industry / N. R. Narayana Murthy 217

10 Information Technology and India's Economic Development / Nirvikar Singh 223

VI Grassroots and the Globe 263

11 India's Informal Economy: Facing the Twenty-First Century / Barbara Harriss-White 265

12 Globalization and Economic Reform as Seen from the Ground: SEWA's Experience in India / Renana Jhabvala, Ravi Kanbur 293.

Notes:

Papers with revisions influenced by discussions held at a conference organized by the editor.

Title from title screen.

OCLC-licensed vendor bibliographic record.

ISBN:

9780262267885

0262267888

OCLC:

243593520

Access Restriction:

Restricted for use by site license.