India Development Report 2001-2

by Parikh, Kirit S.; Radhakrishna, R.

• ISBN13: 9780195658835
• ISBN10: 0195658833
• Format: Paperback
• Copyright: 2002-05-23
• Publisher: Oxford University Press

Summary

In continuation with the previous two issues of the India Development Report, this volume provides a comprehensive treatment of the defining developmental issues in the country today.

Table of Contents

List of Tables	x
List of Figures	xii
List of Statistical Appendices	xiv
List of Abbreviations and Acronyms	xv
Overview: Ten Years of Reforms, What Next?	1	(30)
Kirit S. Parikh
Why Reforms Were Needed and What Was Expected	1	(1)
The Performance of the Economy	2	(6)
The Problems We Face	8	(1)
Mounting Food Stocks	8	(2)
Food and Nutrition Security	10	(1)
Targeting Redistribution or Targeting Agricultural Production	11	(1)
Food Price Stability and Domestic Trade Restrictions	12	(1)
Slowdown of Industrial Growth	13	(2)
Social Infrastructure	15	(1)
Power Sector: Still Waiting for Real Reform	16	(1)
The Challenge of Urban Infrastructure	17	(1)
Environment: A Rising Concern	18	(1)
The Growing Dangers of Climate Change	19	(1)
Bond Markets or Markets for Interest Rates: Yet to Develop Fully	20	(2)
Financial Sector Development	22	(1)
Coordinating Monetary and Fiscal Policies	22	(2)
Democracy, Political Economy; and Government Policy	24	(1)
Accelerating Beyond Eight per cent Growth is Feasible If We Act Wisely	25	(6)
Macroeconomic Developments and Growth Prospects	31	(16)
Manoj Panda
Economic Growth: Did It Accelerate?	32	(7)
Foreign Trade: Centre Stage of Reforms	39	(2)
Money and Credit Policy: No Longer Passive	41	(1)
Assessment and Prospects	42	(3)
Conclusion	45	(2)
Food and Nutrition Security	47	(12)
R. Radhakrishna
Trends in Food Production	48	(1)
Food and Nutrient Intake	49	(2)
Nutritional Status of Rural Households	51	(1)
Public Distribution System (PDS)	52	(3)
Food Demand	55	(1)
WTO and Food Security	56	(1)
Conclusion	57	(2)
Domestic Trade Restrictions and Food Security	59	(11)
Shikha Jha
Procurement, Public Storage, and Interstate Trade: A Historical Picture	60	(2)
Policy Towards Private Storage and Trade	62	(3)
The Relative Performance of FCI and Private Traders	65	(2)
Policy Conclusions	67	(3)
Poverty and Agricultural Research	70	(14)
R. V. Srinivasan
Regional and Economic Dimensions of Poverty and the Role of Targeting	74	(4)
Role of Agricultural R&D in Tackling Food Insecurity and Poverty	78	(2)
Strategies for Reorienting Research Towards Poverty Alleviation	80	(2)
Summary and Concluding Remarks	82	(2)
A Review of Indian Manufacturing	84	(19)
Jayan Jose Thomas
Features of Manufacturing: A Broad View	85	(3)
Features of Manufacturing At a Disaggregated Industry Level	88	(8)
Region-wise Aspects of Registered Manufacturing	96	(4)
Conclusions	100	(2)
Appendix 6.1	102	(1)
Social Infrastructure: As Important As Physical Infrastructure	103	(13)
Kirit S. Parikh
Education	103	(5)
Health	108	(2)
Social Safety Nets	110	(6)
Reforms in the Power Sector	116	(12)
Jyoti K. Parikh
Kirit S. Parikh
The State of the Power Sector	116	(5)
The Players and Markets in a Power System	121	(1)
How is it Done Elsewhere?	122	(1)
Experience of Power-Sector Reforms in India	123	(1)
Restructuring Indian Power Systems	124	(2)
Concluding Remarks	126	(2)
The Urban Challenge	128	(12)
B. Sudhakara Reddy
Urbanization in India	129	(2)
Positive Effects of Urbanization	131	(1)
The Burden of Urbanization	131	(6)
Sustainable Urban Systems	137	(3)
Industrial Pollution Control: Need for Flexibility	140	(17)
Vinish Kathuria
Haripriya Gundimeda
Policy Instruments Available and Employed in India	143	(3)
Failure of Traditional Regulatory Methods-Gains of MBI	146	(1)
Alternative to Traditional Methods-Market-based Instruments	147	(3)
Preferred Instruments to Control Pollution from Small, Medium and Large Units in India	150	(7)
Coordinating Monetary and Fiscal Policies: A Role for Rules	157	(20)
Ashima Goyal
The Interaction between Monetary and Fiscal Policies in Theory	158	(3)
Political Economy: the Effect of Democracy and Poverty	161	(5)
International Experience	166	(1)
Macro-policy and Institutional Change	167	(4)
Openness and the Interest Rate	171	(3)
Conclusion	174	(3)
Interest Rates and Their Markets	177	(18)
Susan Thomas
Ajay Shah
Fixed-income Analyses	178	(6)
Markets for Interest Rates	184	(1)
Defects of the Existing Market Design	185	(3)
Elements of A New Market Design	188	(4)
Prudential Regulation and the Role for VaR	192	(1)
Conclusion	193	(2)
Index for Financial Sector Development: Performance of India	195	(14)
Ibotombi S. Longjam
Motivation	196	(1)
Measures for Financial Sector Development	196	(3)
Construction of an Index for Financial Sector Development	199	(1)
What the Index Tells us about India	200	(7)
Conclusion	207	(1)
References	207	(2)
Climate Change: India's Perceptions, Positions, Policies and Possibilities	209	(18)
Jyoti K. Parikh
Kirit S. Parikh
Climate Change: Background	209	(2)
Profile of India's Emissions from an Input-Output Model	211	(2)
Mitigating Climate Change and Pursuing Sustainable Development: What has India Done to Reduce GHG Emissions?	213	(4)
Global Negotiations and India's Perceptions	217	(1)
Emission Reduction Responsibilities	217	(7)
Summary of Arguments	224	(1)
Concluding Remarks	225	(1)
References	225	(2)
Electoral Cycles and Economic Policies of Governments in India	227	(1)
Kausik Chaudhuri
Sugato Dasgupta
The Data	228	(1)
Empirical Methodology	228	(2)
Empirical Results	230	(3)
Conclusion	233	(2)
Appendix 15.1	235
Statistical Appendices