India's Economy: Performance and Challenges Essays in Honour of Montek Singh Ahluwalia

by Acharya, Shankar; Mohan, Rakesh

• ISBN13: 9780198074953
• ISBN10: 0198074956
• Edition: Reprint
• Format: Paperback
• Copyright: 2011-11-10
• Publisher: Oxford University Press

Summary

Reforms unshackled the major sectors of economy, propelled growth, and thrust India into the league of fastest growing nations in the world. In view of Montek Singh Ahluwalia's pivotal role in crafting reforms, this volume, in his honor, brings together scholarship on various aspects of India's economic development. Analyzing key economic challenges in growth, inequality, macroeconomic performance, monetary policy, capital markets, infrastructure, human resources, services, global finance, climate change, and international trade, it suggests appropriate policies to attain rapid and inclusive growth.

Author Biography

Shankar Acharya is Member, Board of Governors, and Honorary Professor, Indian Council for Research on International Economic Relations, New Delhi.
Rakesh Mohan is Professor in the Practice of International Economics and Finance, School of Management and Senior Fellow, Jackson Institute of Global Affairs, Yale University.

Table of Contents

List of Tables and Figures
Foreword by Dr Manmohan Singh
Introduction
Section I: Growth, Inequality, and Reform
1. Indian Economic Growth 1950-2008: Facts and Beliefs, Puzzles and Policies
2. Inequality and Equity during Rapid Growth Process
3. Two Episodes in the Reform Process
Section II: Macroeconomic and Financial Policies
4. Macroeconomic Performance and Policies, 2000-8
5. India's Financial Sector and Monetary Policy Reforms: Fostering Growth while Containing Risk
6. India's Capital Markets, 1991-2008
Section III: Sectoral Perspectives
7. Accelerating Agricultural Growth: Moving from Farming to Value Chains
8. Infrastructure at Crossroads
9. Social Sector Development: A Perspective from Punjab
10. Servicing India's GDP Growth
Section IV: Global Perspectives
11. India in the World
12. India's Trade with the World: Retrospect and Prospect
13. A Global Deal on Climate Change: A Possible Role for India