Volume 1. China and India: The International Context and Economic Growth, Manufacturing Performance and Rural Development -- Volume 2. Competitiveness, External Cooperation Strategy, and Income Distribution: Changes in China -- Volume 3. Economic Growth, Employment and Inclusivity: The International Environment

The book deals with structural changes relating to the Indian Economy through an over time view in an intercountry perspective. We have examined in this study the structural changes and growth performance of the Indian Economy and contrasted it with the happenings across a set of countries at different levels of development. The Indian Economy is first examined in isolation and then an inter-country analysis is carried out where some of the features depicted by the Indian Economy are further tested. The structural changes in the Indian Economy are examined on the basis of twenty two structural variables as were identified by Syrquin and Chenesy (1989). We also examine Economy and also for a set of countries at different levels of development.

What do China and India have in common and where do they differ in their pathways to economic and social development over the last two decades? This volume examines each country in paired chapters covering social and environmental impacts, economic development, labour and demography.

The subject of India's rapid growth in the past two decades has become a prominent focus in the public eye. A book that documents this unique and unprecedented surge, and addresses the issues raised by it, is sorely needed. Arvind Panagariya fills that gap with this sweeping, ambitious survey. India: The Emerging Giant comprehensively describes and analyzes India's economic development since its independence, as well as its prospects for the future. The author argues that India's growth experience since its independence is unique among developing countries and can be divided into four periods, each of which is marked by distinctive characteristics: the post-independence period, marked by liberal policies with regard to foreign trade and investment, the socialist period during which Indira Ghandi and her son blocked liberalization and industrial development, a period of stealthy liberalization, and the most recent, openly liberal period. Against this historical background, Panagariya addresses today's poverty and inequality, macroeconomic policies, microeconomic policies, and issues that bear upon India's previous growth experience and future growth prospects. These provide important insights and suggestions for reform that should change much of the current thinking on the current state of the Indian economy. India: The Emerging Giant will attract a wide variety of readers, including academic economists, policy makers, and research staff in national governments and international institutions. It should also serve as a core text in undergraduate and graduate courses that deal with Indias economic development and policies.

Development economics is about understanding how and why lives change. How Lives Change: Palanpur, India, and Development Economics studies a single village in a crucially important country to illuminate the drivers of these changes, why some people do better or worse than others, and what influences mobility and inequality. How Lives Change draws on seven decades of detailed data collection by a team of dedicated development economists to describe the evolution of Palanpur's economy, its society, and its politics. The emerging story of integration of the village economy with the outside world is placed against the backdrop of a rapidly transforming India and, in turn, helps to understand the transformation. It puts development economics into practice to assess its performance and potential in a unique and powerful way to show how the development of one village since India's independence can be set in the context of the entire country's story. How Lives Change sets out the role of, and scope for, public policy in shaping the lives of individuals. It describes how changes in Palanpur's economy since the late 1950s were initially driven by the advance of agriculture through land reforms, the expansion of irrigation and the introduction of "green revolution" technologies. Since the mid-1980s, newly emerging off-farm opportunities in nearby towns and outside agriculture became the key driver of growth and change, profoundly influencing poverty, income mobility, and inequality in Palanpur. Village institutions are shown to have evolved in subtle but clear ways over time, both shaping and being shaped by economic change. Individual entrepreneurship and initiative is found to play a critical role in driving and responding to the forces of change; and yet, against a backdrop of real economic growth and structural transformation, this book shows that human development outcomes have shown only weak progress and remain stubbornly resistant to change.

Conventional interpretations of the New Economic Policy introduced in India in 1991 see this program of economic liberalization as transforming the Indian economy and leading to a substantial increase in the rate of India’s economic growth. But in a country like India, growth is not enough. Who benefits from the new growth regime, and can it significantly improve the conditions of livelihood for India’s 800 million people with incomes below $2.00 a day? This edited volume looks at international policy regimes and their national adoption under strategic conditions of economic crisis and coercion, and within longer-term structural changes in the power calculus of global capitalism. The contributors examine long-term growth tendencies, poverty and employment rates at the national level, regional level and local levels in India; the main growth centers; the areas and people left out; the advantages and deficiencies of the existing policy regime, and alternative economic policies for India. Bringing together the leading figures in the discussion on India’s economic policy, this volume is the authoritative critical study of India’s New Economic Policy.

This volume seeks to unravel and contextualize the so-called dichotomy of ‘old’ and ‘new’ India and what binds them together. To understand this complex process, it attempts to apply a long-term historical perspective, a different conception of the economy and cross-disciplinary approaches. The exceptional feature of this volume is the large historical canvas of essays and its sensitivity to the regional dimension in a country as large and diverse as India. They deal with issues ranging from land and agriculture, entrepreneurship, industry and demographic trends to a critical anatomy of modern Indian economic historiography. Together these essays contribute in providing significantly new and enriching insights into the complex process of transition from colonial to post-colonial economic development. There has been a conscious effort in most cases to capture the influence of the colonial economic structures and processes in shaping the trajectory of growth and development in the post-independence period. Drawing upon a large amount of extremely rich and varied data and information on the socio-economic trends, the book is lucid, well-crafted and reader-friendly.