Contents: Introduction/Ashima Goyal. 1. Drivers of growth: sources and sectors/Laveesh Bhandari and Sumita Kale. 2. After liberalizing reforms: public policy at a crossroads/Pulapre Balakrishnan. 3. Fiscal and monetary policy: outcomes and coordination/Romar Correa. 4. Monetary policy transmission in India: interplay of rate and quantum channels/Kanagasabapathy K., Rekha A. Bhangaonkar and Shruti J. Pandey. 5. Openness and growth in the Indian economy/Soumyen Sikdar. 6. Reforms and global economic integration of the Indian economy: emerging patterns, challenges and future directions/Nagesh Kumar. 7. Poverty and inequality: redesigning intervention/Raghbendra Jha and Anurag Sharma. 8. Castes, gender and class: dynamism or stasis?/Ashwini Deshpande. 9. Infrastructure: source of growth or bottleneck?/Ram Singh and Param Jit. 10. Promoting SEZs as a strategy of industrialization and lessons learnt/Aradhna Aggarwal. 11. Agriculture in India: performance, challenges and opportunities/S. Mahendra Dev, Srijit Mishra and Vijay Laxmi Pandey. 12. New sources of dynamism in the industry/Bandi Ram Prasad. 13. The financial sector in India: an overview/Rajesh Chakrabarti. Index.
After experiencing slow growth for much of the post-Independence period, since the mid-1980s the Indian economy has experienced powerful changes of significant magnitude. Post-reform India has defied established economic patterns and, in the process, created a few paradoxes.
In this concise edition of The Oxford Handbook of the Indian Economy in the 21st Century, chapters from the original have been compiled to give students of economics a brief but comprehensive overview of the Indian economy, contributing to a finer understanding of India's growth path. In discussing these issues, this concise handbook
• adopts a context-rich, research-based, non-ideological approach,
• provides a comprehensive yet forward-looking coverage of economic issues,
• includes political and social aspects and draws on policymaker and market-participant perspectives,
• brings to the fore the various aspects of India's performance that now attract global attention, and
• debates the relative importance of external factors compared to domestic reforms.