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Full Description
This book provides a detailed structured analysis of the transition that has taken place in the Indian economy since independence to the present times (including the period of COVID-19 pandemic). Analysing objectives, achievements and failure of planning, the book discusses the crisis in the late 1980s, followed by economic reforms - structural changes and stabilization policies implemented along with regional variation on the development pattern across states.
The book also examines policies of distribution, poverty, inequality, and unemployment, reform measures in major sectors, namely, banking or financial sector in general, tax or fiscal policy, external or trade and exchange rate policy. This volume will be useful for students, researchers and faculty working in the field of economics, development studies, political science and public administration. The book will also be an invaluable companion to policymakers looking for a thorough and compact view of the transition in the Indian economic situation and the resulting policy changes which took place since India's independence.
Contents
List of figures x
List of tables xii
Foreword xiv
Preface xvi
Acknowledgements xviii
List of abbreviations xix
Introduction 1
1 Economic Development since Independence 8
2 Planning: Overall Perspective and Evaluation 27
3 Population and Human Development 52
4 Growth, Employment and Regional Variation 75
5 Agriculture 98
6 Industry 127
7 Services Sector in India 159
8 Development of Infrastructural Sector in India 176
9 Economic Reforms 190
10 Indian Economy in International Perspective 241
11 COVID-19
Pandemic: Impact and Policy Implications 258
Index 274