India in a Globalising World Some Aspects of Macroeconomy, Agriculture and Poverty: Essays in Honour of C. H. Hanumantha Rao

by Radhakrishna, R.; Mahendra Dev, S.; Sabbarao, K.; Rao, S. K.

• ISBN13: 9788171885169
• ISBN10: 8171885160
• Format: Hardcover
• Copyright: 2006-09-28
• Publisher: Academic Foundation

Summary

This collection of essays contributed by distinguished economists and scholars focuses on the current stage of India's development in the globalized world. Organized in four sections, the economic issues covered include fiscal federalism, performance of firms, and macro modeling; agriculture issues such as land development and trade to small farmer developments, and issues on poverty reduction, sustainable development, employment, and climate changes. The analysis presented in this volume provides research beneficial for the construction of better policies to achieve growth and equity in India.

Author Biography

Please Note - There are 4 editors to this festschrift volume :R. Radhakrishna Director, Indira Gandhi Institute of Development Research, Mumbai (India). S.K. Rao Director General, Administrative Staff College of India, Hyderabad (India). S. Mahendra Dev Director, Centre for Economic and Social Studies (CESS), Hyderabad (India). K. Subbarao Consultant, The World Bank, Washington DC, and former professor at Institute of Economic Growth, Delhi.

Table of Contents

List of Figures, Tables, Boxes and Annexures	9
Preface	17
Contributors to the Volume	19
Prof. C.H. Hanumantha Rao: A Tribute	29
Prof. C.H. Hanumantha Rao's Publications, Awards and Other Accomplishments	35
Introduction and Overview	53
Section I Macro Issues in Development
1. Economic Reforms and Changing Role of the Reserve Bank of India
Y.V. REDDY	81
2. Fiscal Federalism: Some Current Concerns
C. RANGARAJAN	115
3. Economics, Politics and Governance
BIMAL JALAN	125
4. Perspectives on Macroeconomertric Models for India
K. KRISHNAMURTY	135
5. Shocks and Long Run Growth in Agriculture: A Macroeconomic Analysis
B.B. BHATTACHARYA, SABYASACHI KAR	165
6. Globalisation, Liberalisation and Performance of Firms: Emerging Trends from Literature
N.S. SIDDHARTHAN	187
Section II Issues in Agricultural Development
7. Indian Economic Strategies After Doha
YOGINDER K. ALAGH	205
8. Pro-Poor Growth—The Relation between Agricultural Growth and Poverty Reduction
JOHN W. MELLOR	233
9. Some Aspects of Total Factor Productivity in Indian Agriculture
K.L. KRISHNA	277
Section III Equity and Emerging Institutions in Agricultural Development
10. Agrarian Communities Across Asia: A Provisional Framework for Comparison
YUJIRO HAYAMI	299
11. Agricultural Growth and Regional Variations
G.S. BHALLA	309
12. Trade Policies, Incentives, Investments and Institutions in Indian Agriculture
ASHOK GULATI	347
13. Withdrawal of Subsidies from Irrigation and Fertiliser: Impact on Small and Marginal Farmers
KANCHAN CHOPRA	373
14. Globalisation: Neo-Liberal Economic Policies and Small Farmer Development
Y.V. KRISHNA RAO	391
15. Changes in Agrarian Structure and Agricultural Technology: Is Peasant Farming Sustainable under Institutional Retrogression
D. NARASIMHA REDDY	409
16. Insuring Against Bad Weather: Recent Thinking
PETER HAZELL, JERRY SKEES	429
Section IV Poverty and Environment
17. The Elusive Goal of Empowerment: A Review of the Emerging Phase in Poverty Reduction
V.M. RAO	453
18. Environment, Employment and Sustainable Development: Understanding the Linkages in India
INDIRA HIRWAY, PIET TERHAL	477
19. Climate Change and Its Abatement: Towards a Better Project Design
GOPAL K. KADEKODI	503