PART I

ECONOMIC DEVELOPMENT: A THEORETICAL BACKGROUND

Part I : Summary Statistics

Economic Growth, Development and Underdevelopment
Economic and Human Development
The Environment and Development

PART II

STRUCTURE OF THE INDIAN ECONOMY

Part II : Summary Statistics
Colonialism and Underdevelopment of the Indian Economy
Nature of the Indian Economy
Natural Resources
Infrastructure
The Population Growth and Economic Development
Some Demographic Issues
Human Resource Development
Labour Force Growth and Occupational Pattern
Employment and Unemployment in India
Capital Formation in India
National Income of India: Macroeconomic Overview
Poverty in India
Income Distribution in India

PART III

BASIC ISSUES IN AGRICULTURE

Part III : Summary Statistics
Indian Agriculture: Role, Nature and Cropping Pattern
Issues in Indian Agricultural Policy and Rural Development
Agricultural Production and Productivity Trends
Land Reforms
Agricultural Inputs and Green Revolution
Agricultural Finance and Marketing
Agricultural Prices and Agricultural Price Policy
Agricultural Subsidies and Food Security in India
Agricultural Labour

PART IV

THE INDUSTRIAL SECTOR AND SERVICES IN INDIAN ECONOMY

Part IV : Summary Statistics
Industrial Development During the Planning Period
Some Major Industries of India
Small-Scale and Cottage Industries
Industrial Policy
Public Sector in the Indian Economy
Privatisation of Public Sector Enterprises: The Disinvestment Programme in India
Private Sector in the Indian Economy
Industrial Sickness in India
Labour Relations, Social Security and Exit Policy
Services Sector in Indian Economy

PART V

FOREIGN TRADE AND FOREIGN CAPITAL

Part V : Summary Statistics
India`s Foreign Trade: Value, Composition and Direction
India`s Balance of Payments
Trade Policy of the Government of India
Foreign Capital and Aid
India`s Exchange Rate Policy, Foreign Exchange Reserves and Capital Account Convertibility
Multinational Corporations, FERA and FEMA
Globalisation and its Impact on the Indian Economy
WTO and India

PART VI

MONEY AND BANKING

Part VI : Summary Statistics
Price Trends and Inflation
Indian Money Market
Commercial Banking in India
The Reserve Bank of India
Capital Market in India
Institutional Financing

PART VII

PUBLIC FINANCE

Part VII : Summary Statistics
The Indian Tax Structure
Public Expenditure in India : Trends and Issues
Public Debt in India
India`s Fiscal Policy
Federal Finance in India − Centre-State Financial Relations

PART VIII

ECONOMIC PLANNING AND POLICY

Part VIII : Summary Statistics
Economic Planning − Rationale, Features and Objectives
The Strategy of Planning
Resource Allocation − Investment Pattern in Indian Plans
Financing of Five Year Plans
Regional Planning in India
Assessment of Indian Planning
Economic Reforms and Liberalisation
Eleventh Five Year Plan


Selected Readings

The current year is the first of the Twelfth Five Year Plan. However, the Plan document is as yet not ready and what we have is only the Approch Paper to the Twelfth Plan. The Approach Paper emphasises `faster, sustainable and more inclusive growth.` It aims at a 9 per cent rate of growth. However, because of the emergence of significant supply bottlenecks on a verity of fronts (particularly infrastructure, energy and minerals) and strong inflationary pressures in the economy, achieving this growth rate would be a daunting task. Achieving a sustainable and more inclusive growth seems even more improbable as unemployment, poverty, malnutrition and undernutrition in the economy are widespread and crucial issues relating to environmental degradation need to addressed.

In the present thirtieth edition of our book, we focus on the achievements and failures of the Indian Economy, problems confronting the different sectors, critical evaluation of the various programmes being undertaken by the government and growth prospects in considerable detail.







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