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Full Description
The growth rate of the Indian economy has plummeted sharply from 9 per cent in 2010 to below 5 per cent over 2012-14. It is essential to sustain a growth rate of 8 per cent or more over the next 20 years to eliminate poverty and reach a decent standard of living. There is an urgent need for research on the challenges facing India in reviving and sustaining high rates of economic growth, some of which are related to industrial policy, trade policy, infrastructure bottlenecks, inflation and macroeconomic issues, governance issues, demography and human capital. There is also a need for better industrial and human resource policies, higher investment and savings rates, higher exports and foreign investment inflows. This book studies the importance of growth, the role of industrial policy in sustaining it, and other critical issues regarding ways to revive and sustain higher growth in India across various sectors of the economy.
Contents
Preface Pravakar Sahoo; Introduction Pradeep Agrawal; Part I. Ensuring Macroeconomic Stability for Sustaining High Growth Rates: 1. Propagation mechanisms of inflation in India: an empirical investigation Ashima Goyal; 2. Managing food price inflation in India: demand projections and supply considerations Pradeep Agrawal; Part II. Promoting Industrial Development for Sustaining High Growth Rates: 3. Economic complexity as a determinant of industrialization of countries: the case of India Emanuele Pugliese, Guido L. Chiarotti, Andrea Zaccaria and Luciano Pietronero; 4. China's manufacturing success: lessons for India Pravakar Sahoo and Abhirup Bhunia; 5. Sustaining India's manufacturing sector growth in the face of increasing competition from Chinese imports Bishwanath Goldar and Yashobanta Parida; Part III. The International Economic Issues and Sustaining High Growth: 6. Global recession and Eurozone debt crisis: impact on exports of India and China Pami Dua and Divya Tuteja; 7. Changing global trade regime and emergence of mega FTAs: strategy for India's external sector sustainability Geethanjali Natraj, Abhirup Bhunia and Garima Sahdev; 8. Economic impact of foreign capital inflows in emerging Asia Pradeep Agrawal and Durairaj Kumarasamy; 9. FDI outflows from the BRIC countries: impact on domestic capital formation Nandita Dasgupta; Part IV. Infrastructure Bottlenecks to Sustaining High Growth: 10. Infrastructure, human capital and growth: a quantitative analysis for India Pradeep Agrawal; 11. Elementary education in India: a study of accessibility and quality Indrajit Bairagya and Radhika Saraf; 12. Education and economic growth - a comparative study of China and India Lakshmi K. Raut; Part V. Some Socio-Political Issues in Sustaining High Growth: 13. Demographic dividend and economic growth in India William Joe, Atish Kumar Dash and Pradeep Agrawal; 14. Social cohesion and uncertainties in economic growth: a pre- and post-reform analysis of India Tapas Mishra, Sushanta Mallick, Mamata Parhi and Prashant Gupta; 15. Does openness and democracy reduce corruption: results for South Asian nations and India Rukmani Gounder and Shrabani Saha; 16. Regional dynamics of rural credit and growth in India: exploring nonlinearity and convergence in growth patterns Sushanta Mallick, Banikanta Mishra and Tapas Mishra.
