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India is not only the world's largest and fiercely independent democracy, but also an emerging economic giant. But to date there has been no comprehensive account of India's remarkable growth or the role policy has played in fueling this expansion. India: The Emerging Giant fills this gap, shedding light on one of the most successful experiments in economic development in modern history. Why did the early promise of the Indian economy not materialize and what led to its eventual turnaround? What policy initiatives have been undertaken in the last twenty years and how do they relate to the upward shift in the growth rate? What must be done to push the growth rate to double-digit levels? To an...
India's remarkable economic growth in recent years has made it one of the fastest growing economies in the world. Its rapid growth, however, has been accompanied by widening regional disparities, poverty, malnutrition, and socio-political instability. Understanding India's dualistic development process and the emergence of the Indian economic miracle are crucial in solving the obstacles India faces in transforming itself into a modern 21st-century economy.The Oxford Handbook of the Indian Economy features research on core topics by leading scholars to understand the Indian economic miracle and the key debates confronting the Indian economy. The Handbook moves beyond traditional boundaries by...
This book integrates the microeconomics of trade with international finance and open economy macroeconomics. The emphasis throughout is on international competition and the limits of trade policy.Economics began with a debate over tariffs. Domestic industries lobby for protection against foreign competitors or export subsidies. Government policy makers dole favors in return for cash and votes. Governments negotiate free trade agreements but disregard them when possible with tariffs, export subsidies, and other policies to influence foreign trade and investment. The forces of international competition, however, eventually overwhelm government policy.This text presents the critical issues of i...
How can feminist theory be made more relevant to the very real struggles undertaken by women of all professions, races, classes, and sexual orientations? How can it be directed into more effective social activism, and how is theory itself a form of practice?
In this book, experts from across the globe highlight the state of knowledge in intergovernmental transfer design. The essays collected in the volume represent creative new thinking about challenging policy issues and offer useful options for policy makers. The book offers academics and practitioners a thorough, thematic assessment of unresolved issues in the design of equalization grants.
"India's surge in high, well-sustained economic growth captured the world's attention for much of the period from the 1990s to the early 2010s. Often paired with China as being at the leading edge of emerging economies, the last few years have witnessed shortfalls in India's performance, which have also occurred in the cases of other "BRICS," namely, Brazil, Russia, and South Africa. India is now facing a possible fiscal crisis, higher inflation, greater concentration of economic wealth, and a slowdown in productivity. While its business sector remains vigorous, the Indian state has not yet found a viable way to fund food subsidies or come to grips with the costs of its employment guarantee ...
The contributors to this volume analyse the forces behind India's emerging role as a world economic player and identify the hidden weaknesses that, if unaddressed, may slow the country's growth.
In addition to the country cases, it presents regional and overall syntheses that cover orthodox vs.
Papers presented at the Conference on India and the Global Economy, held at New Delhi during 6-7 November 2006.