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Author: Pradeep Agrawal
Publisher: Cambridge University Press
ISBN: 1107090334
Category : Business & Economics
Languages : en
Pages : 416
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Book Description
This book provides the latest research findings on the ways to revive and sustain higher growth rates in India.
Author: Pradeep Agrawal
Publisher: Cambridge University Press
ISBN: 1107090334
Category : Business & Economics
Languages : en
Pages : 416
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Book Description
This book provides the latest research findings on the ways to revive and sustain higher growth rates in India.
Author: Ajay Chhibber
Publisher: HarperCollins
ISBN: 9354890059
Category : Literary Collections
Languages : en
Pages : 414
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Book Description
As India enters its seventy-fifth year of independence, conventional policy is unlikely to combat the breadth of its economic challenges. Across a range of areas-human capital, technology, agriculture, finance, trade, public service delivery and more-new ideas must now be on the table. The COVID-19 pandemic has not only cost India many lives and livelihoods, it has also exposed major structural weaknesses in the economy. A huge farm and jobs crisis, rising and massive inequalities, tepid investment growth, and chronic banking sector challenges have plagued the economy, exacerbated by the COVID-19 pandemic. It has also exposed the limitations of the Indian state, which tries to control too much-and ends up stifling the economy and the inherent energies of its young population. Climate change is no longer a distant threat, while disruptive technology has huge implications for India's demographic dividend. In addition, the dangerous lurch towards majoritarianism will cast its shadow on India's pursuit of prosperity for all. Unshackling India examines the question: Can India use the next twenty-five years, when it will reach the hundredth year of independence, to restructure not only its economy but rejuvenate its democratic energy and unshackle its potential-to become a genuinely developed economy by 2047? The book argues that India can foster a prosperous and inclusive economy if it sets its mind to it, acknowledges the hard truths, and lays out the clear choices and new ideas India must adopt towards that end.
Author: Pradeep Agrawal
Publisher: Cambridge University Press
ISBN: 1316673901
Category : Business & Economics
Languages : en
Pages : 417
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Book Description
This book brings together the latest research findings from leading economists from India and abroad on ways to revive and sustain higher growth rates in India. Divided into five parts, the first part empirically examines the various factors that affect poverty and shows that growth is crucial to poverty reduction. The second part investigates the factors responsible for sustaining industrial growth including skill formation and innovation. Part III analyses the critical role of monetary policy and shows that it is not very effective in the presence of commodity price shocks and supply constraints. It explains why RBI could not effectively control inflation and why the government must play a crucial supporting role in controlling inflation. Part IV then analyses various supply constraints to growth including agriculture, energy security, social and physical infrastructure and discusses how to deal with them effectively. Part V analyses the labour and financial market policies.
Author: Pradeep Agrawal
Publisher: Cambridge University Press
ISBN: 110718195X
Category : Business & Economics
Languages : en
Pages : 559
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Book Description
Studies the question of achieving and sustaining high rates of growth and economic development in India.
Author: Jeremie Cohen-Setton
Publisher: Peterson Institute for International Economics
ISBN: 0881327344
Category : Business & Economics
Languages : en
Pages : 474
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Book Description
Economic growth, inflation, and interest rates have declined in Asia, just as they have in the United States and Europe. This volume explores the relevance to several Asian economies of the diagnosis known as “secular stagnation.” Leading experts on the region discuss the fiscal and monetary policy challenges of reviving growth without generating domestic financial imbalances. The essays on innovation, demographics, spillovers, and various policy proposals are accompanied by case studies focusing on Japan, South Korea, China, India, and Indonesia.
Author: Stuart Corbridge
Publisher: John Wiley & Sons
ISBN: 0745676642
Category : Political Science
Languages : en
Pages : 402
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Book Description
Twenty years ago India was still generally thought of as an archetypal developing country, home to the largest number of poor people of any country in the world, and beset by problems of low economic growth, casteism and violent religious conflict. Now India is being feted as an economic power-house which might well become the second largest economy in the world before the middle of this century. Its democratic traditions, moreover, remain broadly intact. How and why has this historic transformation come about? And what are its implications for the people of India, for Indian society and politics? These are the big questions addressed in this book by three scholars who have lived and researched in different parts of India during the period of this great transformation. Each of the 13 chapters seeks to answer a particular question: When and why did India take off? How did a weak state promote audacious reform? Is government in India becoming more responsive (and to whom)? Does India have a civil society? Does caste still matter? Why is India threatened by a Maoist insurgency? In addressing these and other pressing questions, the authors take full account of vibrant new scholarship that has emerged over the past decade or so, both from Indian writers and India specialists, and from social scientists who have studied India in a comparative context. India Today is a comprehensive and compelling text for students of South Asia, political economy, development and comparative politics as well as anyone interested in the future of the world's largest democracy.
Author: Jagdish Bhagwati
Publisher: PublicAffairs
ISBN: 1610392728
Category : History
Languages : en
Pages : 255
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Book Description
In its history since Independence, India has seen widely different economic experiments: from Jawharlal Nehru's pragmatism to the rigid state socialism of Indira Gandhi to the brisk liberalization of the 1990s. So which strategy best addresses India's, and by extension the world's, greatest moral challenge: lifting a great number of extremely poor people out of poverty? Bhagwati and Panagariya argue forcefully that only one strategy will help the poor to any significant effect: economic growth, led by markets overseen and encouraged by liberal state policies. Their radical message has huge consequences for economists, development NGOs and anti-poverty campaigners worldwide. There are vital lessons here not only for Southeast Asia, but for Africa, Eastern Europe, and anyone who cares that the effort to eradicate poverty is more than just good intentions. If you want it to work, you need growth. With all that implies.
Author: Santosh Mehrotra
Publisher: Penguin Random House India Private Limited
ISBN: 0143497766
Category : Literary Collections
Languages : en
Pages : 211
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Book Description
Every country in the world experiences the benefits of its demographic dividend, a period that comes but once in the life of a nation-when the share of the working-age population is larger than the non-working-age share. It has the potential to make a country progress towards higher incomes and development. But it can also become a nightmare if there aren't enough jobs. India entered this period in 1980, and by the time it ends in 2040, ours will be an ageing society. As more and more youth reach working age, an increasing number of workers are moving from agriculture towards industry and services, sectors which have higher productivity and incomes. Higher incomes generate increased savings, which, when invested, convert into GDP growth, leading to development. Since 2012, the number of youth entrants into the labour force has increased at an accelerating pace, while the number of jobs created has decreased. This situation might become graver between 2020 and 2030 as the labour force swells further. Reviving Jobs, the third volume in the Rethinking India series, offers suggestions on how India can make the best use of the remaining period of its demographic dividend-any failure to do so will cause millions to suffer in poverty for decades to come.
Author: McKinsey & Company, Inc.
Publisher: Simon and Schuster
ISBN: 1476735328
Category : Business & Economics
Languages : en
Pages : 432
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Book Description
Reimagining India brings together leading thinkers from around the world to explore the challenges and opportunities faced by one of the most important and least understood nations on earth. India’s abundance of life—vibrant, chaotic, and tumultuous—has long been its foremost asset. The nation’s rising economy and burgeoning middle class have earned India a place alongside China as one of the world’s two indispensable emerging markets. At the same time, India’s tech-savvy entrepreneurs and rapidly globalizing firms are upending key sectors of the world economy. But what is India’s true potential? And what can be done to unlock it? McKinsey & Company has pulled in wisdom from many corners—social and cultural as well as economic and political—to launch a feisty debate about the future of Asia’s “other superpower.” Reimagining India features an all-star cast of contributors, including CNN’s Fareed Zakaria; Mukesh Ambani, CEO of India’s largest private conglomerate; Microsoft founder Bill Gates; Google chairman Eric Schmidt; Harvard Business School dean Nitin Nohria; award-winning authors Suketu Mehta (Maximum City), Edward Luce (In Spite of the Gods), and Patrick French (India: A Portrait); Nandan Nilekani, Infosys cofounder and chairman of the Unique Identification Authority of India; and a host of other leading executives, entrepreneurs, economists, foreign policy experts, journalists, historians, and cultural luminaries. These essays explore topics like the strengths and weaknesses of India’s political system, growth prospects for India’s economy, the competitiveness of Indian firms, India’s rising international profile, and the rapid evolution of India’s culture. Over the next decade India has the opportunity to show the rest of the developing world how open, democratic societies can achieve high growth and shared prosperity. Contributors offer creative strategies for seizing that opportunity. But they also offer a frank assessment of the risks that India’s social and political fractures will instead thwart progress, condemning hundreds of millions of people to enduring poverty. Reimagining India is a critical resource for readers seeking to understand how this vast and vital nation is changing—and how it promises to change the world around us.
Author: Santosh Mehrotra
Publisher: Cambridge University Press
ISBN: 1316843319
Category : Business & Economics
Languages : en
Pages : 498
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Book Description
This book discusses policies to achieve inclusive growth in India and realise the demographic dividend, which will end by 2040 when India will become an aging society. India is the world's fastest growing large economy, but jobs are not growing equally rapidly. The size of India's youth workforce is worrying, and the largely informal workforce is not covered by social insurance. Universal elementary education, despite the Right to Education Act 2009, is yet to be achieved. Health outcomes have improved only slowly over the years. Furthermore, sanitation still remains a very serious problem. As an economist and former policy-maker, the author discusses specific policies to address these problems, well beyond what is currently being practised. The book also deals with the governance issues that need to be addressed before inclusive growth can be attained.
