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India's Economy and Growth
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India's Economy and Growth
Essays in Honour of V K R V Rao

First Edition
Edited by:
  • Pulin B Nayak - Department of Economics, Delhi School of Economics, University of Delhi, Delhi, India
  • Bishwanath Goldar - Institute of Economic Growth, Delhi, India
  • Pradeep Agrawal - Institute of Economic Growth, Delhi, India


August 2010 | 408 pages | SAGE India

This is a collection of essays by 16 renowned Indian economists on contemporary issues linked to India's economic development.

Among the topics covered in the essays are structural breaks in the India growth process; relevance of the Solow growth model for a developing economy; sources of the growth acceleration in India from the 1980s and the contribution of sectoral changes to overall economic growth; constraints to achieving 4 percent annual growth rate in agriculture; measurement of unorganized sector output, and savings and capital formation; ensuring environmental sustainability of the energy requirements for a fast, inclusive growth; the kind of inflation targeting that RBI monetary policy should aim for; evolution and structure of Indian fiscal federalism including tax and expenditure assignments, fiscal imbalances, and the design of general purpose and specific purpose transfers from the Centre to the states; etc.

These essays were originally presented in a conference organized to commemorate the birth centenary of Prof V K R V Rao (1908-1991), one of the foremost Indian social scientists and institution builders of the twentieth century. He was the founder of the Delhi School of Economics and the Institute of Economic Growth in Delhi and the Institute of Social and Economic Change in Bangalore.

Researchers and academics working in economics and development studies would find this compilation a valuable reference. It would also serve as supplementary reading material for graduate economics students for the course on Indian economy.

 
Preface
Pulin B Nayak, Bishwanath Goldar and Pradeep Agrawal
Introduction
 
1: INDIAN GROWTH PROCESS
Some Questions relating the Indian Growth Process

Suresh D Tendulkar
The Veil of Growth: Some Thought Experiments

Errol D'Souza
Productivity Increase and Changing Sectoral Composition: Contribution to economic growth in India

Bishwanath Goldar and Arup Mitra
Achieving 4 Percent Growth Rate in Agriculture During the Eleventh Five-Year Plan: Feasibility and constraints

Ramesh Chand
 
2: ESTIMATION OF NATIONAL INCOME AND RELATED AGGREGATES
Unorganized Manufacturing and Services in GDP Estimation: Measurement issues

Ramesh Kolli
Estimation of Saving and Capital Formation in India: Pending issues for improvement

S L Shetty
Divergence Between NAS and NSS Estimates of Private Final Consumption Expenditure

Savita Sharma and Janardan Yadav
 
3: SUSTAINING GROWTH AND THE DEVELOPMENT PROCESS
Inclusive Economic Growth and Sustainable Energy Development of India

Ramprasad Sengupta
Investment Data and Sustainability Measures for India

Purnamita Dasgupta
 
4: MONETARY POLICY
The Structure of Inflation, Information and Labour Markets: Implications for Monetary Policy

Ashima Goyal
The Optimum Level of Real Interest Rate for India: An empirical analysis

Pradeep Agrawal
 
5: FISCAL POLICY
Indian Fiscal Federalism in Globalizing Environment: Trends and Reform Challenges

M Govinda Rao
Fiscal Policy Rules in India: Impact and Reassessment

D K Srivastava
 
6: LIFE AND CONTRIBUTIONS OF PROF V K R V RAO
V K R V Rao: Visionary Social Scientist and Institution Builder

Pulin B Nayak
 
Appendices
 
Index

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Pulin B Nayak

Pulin B. Nayak is Professor of Economics at the Delhi School of Economics, University of Delhi, Delhi. He completed his Ph.D. in Economics from the University of Rochester, Rochester, New York, in 1975. He has been on the faculty of the Delhi School of Economics since 1978. During 1982–84 he held the Agatha Harrison Fellowship at St Antony’s College, Oxford. He has been the Head of the Department of Economics and the Dean of the Faculty of Social Sciences in the University of Delhi. During 2005–08, he was Director, Delhi School of Economics. He specializes in public economics and welfare economics. His recent book is entitled Markets and... More About Author

Bishwanath Goldar

Bishwanath Goldar is Professor of Economics at the Institute of Economic Growth, Delhi. He did M.A. in Economics in 1971 and Ph.D. in 1982 from the Delhi School of Economics, Delhi University. He taught Economics at the Shri Ram College of Commerce from 1971 to 1979 and then joined the Institute of Economic Growth. He has been with the Institute of Economic Growth since 1979. He has worked as a Senior Fellow at the National Institute of Public Finance and Policy (NIPFP) during 1988–90 and as a Professor at the Indian Council for Research on International Economic Relations (ICRIER) during 2003–04.Professor Goldar specializes in industrial... More About Author

Pradeep Agrawal

Pradeep Agrawal is Professor of Economics and Head of the RBI Endowment Unit at the Institute of Economic Growth, Delhi. He has also been the Director of the Center for Research and Development at the Kazakhstan Institute of Management, Economics and Strategic Research (KIMEP), Almaty, Kazakhstan (2003–04).Professor Agrawal obtained his Ph.D. from the Stanford University, USA in 1987 and has 21 years of research and teaching experience in USA, India, Kazakhstan and other countries. He has co-authored three major books on Economic Reforms in India and East Asia. These include Policy Regimes and Industrial Competitiveness: A Comparative... More About Author

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ISBN: 9789353280147
₹895.00