Indian Economy Since Independence: A Comprehensive and Critical Analysis of India's Economy, 1947-2018

This edition is a core text for graduate and postgraduate courses in the Indian economy, with selected articles by India's foremost economists and experts providing fresh insight into the fast-emerging economy of the world's largest democracy.

Format: Paperback / softback
Length: 1026 pages
Publication date: 30 June 2023
Publisher: Academic Foundation

This revised edition is a vital resource for graduate and postgraduate courses in Indian economics, offering comprehensive coverage of the country's rapidly evolving economy. Drawing upon the expertise of numerous esteemed economists and experts, it provides insightful perspectives on the world's largest democracy's economic landscape. The original contributions are enriched by editorial notes and excerpts from policy documents, enhancing the reader's understanding of the subject matter.

Introduction:
The Indian economy has undergone a remarkable transformation in recent years, driven by a combination of economic reforms, government policies, and global trends. With its vast population, diverse culture, and rapidly growing middle class, India has emerged as a major player on the global economic stage. This revised edition of the core text is designed to provide students with a comprehensive understanding of the various aspects of the Indian economy, including its historical development, economic policies, and current challenges.

Chapter 1: Economic Development:
In this chapter, the authors explore the historical development of the Indian economy, from its colonial era to the present day. They examine the factors that have shaped India's economic growth, such as the role of agriculture, industry, and services, as well as the impact of foreign investment and trade policies. The chapter also discusses the challenges faced by the Indian economy, such as poverty, inequality, and unemployment, and the efforts made by the government to address these issues.

Chapter 2: Economic Policies:
In this chapter, the authors examine the economic policies implemented by the Indian government since independence. They discuss the role of the central bank, the fiscal policy, and the trade policy in shaping the Indian economy. The chapter also highlights the challenges faced by the government in implementing these policies, such as corruption, bureaucratic inefficiency, and political interference.

Chapter 3: Industry and Agriculture:
In this chapter, the authors explore the industrial and agricultural sectors of the Indian economy. They examine the growth and development of these sectors, as well as the challenges faced by them, such as infrastructure constraints, labor issues, and environmental concerns. The chapter also discusses the government's policies and initiatives aimed at promoting industrialization and agricultural growth.

Chapter 4: Services Sector:
In this chapter, the authors examine the services sector of the Indian economy, which is rapidly growing and contributing to the country's economic growth. They discuss the growth of sectors such as healthcare, education, tourism, and finance, as well as the challenges faced by them, such as regulatory issues, competition, and skill shortages.

Chapter 5: Globalization and Indian Economy:
In this chapter, the authors explore the impact of globalization on the Indian economy. They discuss the benefits and challenges of India's integration into the global economy, such as the increase in foreign investment, trade, and technology, as well as the potential risks and vulnerabilities associated with it. The chapter also discusses the government's policies and initiatives aimed at promoting globalization and mitigating its negative effects.

Conclusion:
In conclusion, this revised edition of the core text is a valuable resource for students studying Indian economics. It provides a comprehensive and up-to-date understanding of the various aspects of the Indian economy, including its historical development, economic policies, and current challenges. The contributions of the authors and the editorial notes and excerpts from policy documents enhance the reader's understanding of the subject matter and provide insights into the fast emerging economy of the world's largest democracy.

Weight: 525g
Dimension: 229 x 152 (mm)
ISBN-13: 9789332704732
Edition number: 29 Revised edition