Economic Development in India : Issues and Challenges
Contents: I. National level economic issues: 1. Agrarian constraint on industrialization in India/Surajit Mazumdar. 2. Rural development in India: prospects and challenges/G. Sreedhar. 3. Sustainability of agriculture in India: perspectives and strategies/Surendra Nath Behera. 4. Agricultural finance in India through credit cooperatives and commercial banks/Kamala Kanta Tripathy. 5. Agrarian crisis and suicide by farmer in India/Bibhuti Bhusan Sahoo. 6. Technology and competitiveness: an analysis of automobile industry in India/Smruti Ranjan Behera and Subrat Kumar Pradhan. 7. R and D behaviour in the product patent regime/Ishita G. Tripathy. 8. Subnational capital market for municipal finance in India/H.K. Pradhan. 9. Regional economic disparities in India/Sibani Swain and Deepak Kumar Behera. 10. Vulnerable sections of population and inclusive growth in India/Satyabrata Mishra. 11. Urban transport system: improvement strategies/Dilip Halder. 12. Global warming and the Indian economy/Raj Kumar Sen and Somnath Hazra. 13. Inflatino and monetary tightening in India/S. Kishan Rao. 14. Structural changes in the Indian economy/Bimal K. Mohanty. II. State level Economic Issues: Including case studies: 15. Chronic poverty and distress migration/Surjya Narayan Tripathy. 16. Poverty, property rights and common property land resources/Anirudha Ojha. 17. Economic growth, employment and poverty/Narayan Chandra Nayak and Falguni Pattanaik. 18. Public spending on irrigation and agricultural development/Bhagabata Patro and Madhuri Padhy. 19. Mahatma Gandhi National Rural Employment Guarantee Programme (MGNREGP): a micro study/Jagannath Lenka and Shibann. 20. Industrial development and displacement/Dillip Ray. 21. Tax efforts in North Eastern States of India/Biswambhar Mishra and P.S. Suresh. 22. Fiscal responsibility and budget management (FRBM) Act/bimal K. Mohanty. 23. Drinking water supply schemes/M.G. Bnasava Raj and K.S. Rajasekhara. 24. Climate change and agri livelihoods/Arabinda Mishra, Himani Upadhyay and G.J. Lingaraj. 25. Problems of farmers/Rajan Kumar Sahoo. 26. Heath conditions of the tribals/Sanjukta Das. Index.
After the initiation of economic reforms in 1992 the Indian economy has been growing faster than its historical growth rate. Tenth Five Year Plan recorded annual growth rate of 7.2 percent and the underway-Eleventh Five Year Plan aims to achieve 9.0 percent growth rate per annum. India’s gradual and cautious approach to economic reforms has proved well founded and the country is placed on a firm footing for future forays into domestic and global economic activities.
It is now widely agreed that the Indian economy is capable of achieving high growth rates in response to the implementation of appropriate and timely economic reforms. However, this achievement hinges critically on improvement of domestic savings rate (including public savings), increased public investment, efficient, reliable and affordable infrastructure, higher inflow of foreign capital, better credit delivery system labour reforms and export competitiveness.
Regional balanced development has all along been accepted as an important national objective to ensure that benefits of development planning flow to all parts of the country. However the pattern of economic development over the last two decades has not promoted this cherished objective. It has left in its trail a variety of inequalities, which have caused socio-politico tensions. Some states (Karnataka, Andhra Pradesh, Maharashtra) have surged ahead while others are lagging behind. While the economy has performed well since early 1990s in terms of growth rate of GDP, its performance in terms of human development indicators has been unsatisfactory.
The present volume contains 26 research papers authored by scholars on Indian economic policy. 14 papers are devoted to national economic issues and challenges while the rest 12 papers deal with state level economic problems and their solutions. The analytical approach of the contributors provides deep insights into current dynamics of Indian growth story.
