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 Handbook features research on core topics by leading scholars to understand the Indian economic miracle and the key debates confronting the Indian economy. The topics are firmly directed at development issues that are germane to India's experience. The Handbook moves beyond traditional boundaries by featuring areas of research that will be important in the future. Indeed, one of the purposes of the Handbook will be to set an academic standard for current and future research on the Indian economy.
The Handbook is divided into seven major sections featuring expert contributions on a host of issues. These range from India's historical development before and after 1947; tackling poverty through innovative public policy; industrialization; implications of the demographic transition; governance and institutional reform; domestic macroeconomic reform as this relates to fiscal rules, monetary policy transmission, banking sector reform, and trade reform; and India's interaction with the world economy as this relates to the WTO, financial crises, and globalization. A final Looking Ahead chapter reflects upon an agenda for economic research in the 21st century.
The Handbook is ambitious in scope, and by being broad, it is diverse in its coverage of topics. By providing a unified and comprehensive treatment of India's complex and dynamic development process, it will be a must-read for both researchers who are new to the field, as well as those who want to update and extend their knowledge to the frontier of the field.
Selected one of CHOICE's "Outstanding Academic Titles for 2012" "In this expansive handbook, edited by Chetan Ghate (Indian Statistical Institute, New Delhi), top scholars of the Indian economy shine the light of academic rigor on many facets of this development experience. The coverage is extensive, spanning the entire breadth of structural transformation across all core sectors. What is unique here . . . is that the entirety of India's development is viewed through the lens of rigorous development economics. This permits the contributors to ask the deep questions of why and should without being unnecessarily speculative. The book is designed as a handy reference for economists wishing to catch up to the frontier of research on the Indian economy. That frontier will move, and this volume will help speed up that process. Highly recommended." --CHOICE "Overall, congratulations are due to Oxford and Chetan Ghate for producing a book that, unlike most recent compilations on the Indian economy, is far more than just a randomly thrown through collection of specialised papers with a grandiose title that promises far more than the book delivers. The fact that most chapters are written clearly and with an eye to the lay rader means that this is much more than a textbook: it should weigh down one corner of the desk of anyone interested in Indian economic policy." --Business Standard "An almost 1,000-page examination of India's recent economic growth by more than a score of experts in their fields should make for a comprehensive report on how the nation is doing. The vast scop of subjects means that many of the essays only have the space to delineate the broad contours of the area. That in itself is significant, especially when supported by volumes of empirical data and analysis. This tome does yeoman service in not just helping comprehend issues, but also in understanding the choices India has in the near future in a rapidly changing world, both internally and externally."--Business India "India has turned from being a development failure to a place of development possibilities (it is still far from being a development success). To mark this transition, Chetan Ghate, of the Indian Statistical Institute, Delhi, collaborating with Oxford University Press, has painstakingly and impressively put together a collection of 31 academic and policy essays on India's economic development. The Oxford Handbook that contains them will adorn many a bookshelf and library. Ghate deserves kudos for providing what is really an intellectual public good (which is always undersupplied) for scholarship on Indian economic development."--Economic and Political Weekly "The volume provides a comprehensive overview of 200 years of development process. Covering such a long period is a herculean task and the editor deserves appreciation for this attempt...The handbook makes significant contribution towards the understanding of Indian economy."--Indian Economic Review "This book is well-timed to help those unfamiliar with India make sense of the trends and directions in its economy. It addresses a broad range of topics: historical development, rural poverty, industrialization, social infrastructure, politics & policy, macroeconomic policy, India and the world economy, and future directions. There is diversity in the treatment of these topics, ranging from descriptive reviews of the literature to formal modeling and estimation using econometric techniques. Most chapters will be accessible to noneconomists and those with a limited proficiency in mathematical and statistical modeling. Even as it takes on contemporary issues not often reflected in other volumes, Ghate has taken care to cover core economic topics: industrial structure, income distribution, fiscal and monetary policy, trade, and many others. This outstanding volume is a must-have reference for scholars across disciplines that are interested in the Indian economy."--Journal of Regional Science
Series: Oxford Handbooks
Number Of Pages: 984
Published: 15th March 2012
Country of Publication: US
Dimensions (cm): 25.0 x 17.9 x 5.3
Weight (kg): 1.78