The objective of this book is to provide an understanding of the economy with its nature and structure, dominance of unorganized sector, natural resources, economic and social infrastructure, demographic features, poverty, unemployment, inequality, national income, saving and investment, role of noneconomic factors, and sources of data. India evokes many images because the country is extremely heterogeneous in its resource endowments, climate, languages, and infrastructure. India provides a rich tapestry of economic and social milieu: the 22 officially recognized languages spoken by the population, with their many dialects; the caste system; and its hoary history with its rich culture and traditions. India possesses a wide and varied resource base, although domestic sources supply only a third of the country’s oil requirements at present. India’s economic performance has attracted considerable commentary and controversy. Since 1950, India’s approach to economic development has been within the framework of a mixed economy, which has resulted from both pragmatic and political considerations. The objective of this book is to provide an understanding of the economy with its nature and structure, dominance of unorganized sector, natural resources, economic and social infrastructure, demographic features, poverty, unemployment, inequality, national income, saving and investment, role of noneconomic factors, and sources of data. Despite being a part of the eight-volume series on the Indian economy, this second volume in the series is in the nature of an introductory essay designed to provide a succinct nontechnical exposition of India’s economic structure, performance, and policies.

>This series is intended to serve as an introduction to the Indian Economy from the Post Reform of 1991.The author makes an endeavor to present how India’s economic fortunes dwindled over the centuries. This first volume begins with an analysis of the history, evolution, and growth of the Indian economy through several periods along with their positive and negative aspects. The author attempts to bring fairly interesting snapshots to highlight how the Indian economy has evolved over the years. The book provides history; traces the evolution of the economy during the early Muslim period and the Mughal Empire as well as during the British regime (1761 to 1947); and analyzes the impact of the British regime and the growth of the economy between 1947 and 1990. Points of analysis include policy framework—state and market; NITI Aayog—a think tank; the Indian polity—fiscal federalism; democracy and development; the economic policy regime prior to 1991; and economic reforms. The penultimate chapter looks at the future direction and task ahead of the economy. Finally, Indian economic thought is analyzed. There is plenty to discuss!

The Indian Economy Since 1991: Economic Reforms and Performance is the outcome of a collaborative effort by 28 experts who have made significant contributions in research toward the Indian economy. Using a data-based, analytical approach to key economic issues and problems, coupled with extensive coverage and a critical and in-depth analysis of the developments in all major sub-sectors of the Indian economy, this edited volume examines the impact of the reforms on various fronts such as economic performance, employment, unemployment, planning process, financial and fiscal sectors, external sector, agriculture, industry, infrastructure, health, education, poverty and federal finance since 1991.

The Indian Economy Since 1991: Economic Reforms and Performance is the outcome of a collaborative effort by 28 experts who have made significant contributions in research toward the Indian economy. Using a data-based, analytical approach to key economic issues and problems, coupled with extensive coverage and a critical and in-depth analysis of the developments in all major sub-sectors of the Indian economy, this edited volume examines the impact of the reforms on various fronts such as economic performance, employment, unemployment, planning process, financial and fiscal sectors, external sector, agriculture, industry, infrastructure, health, education, poverty and federal finance since 1991.

In this commemorative volume, India's top business leaders and economic luminaries come together to provide a balanced picture of the consequences of the country’s economic reforms, which were initiated in 1991. What were the reforms? What were they intended for? How have they affected the overall functioning of the economy? With contributions from Mukesh Ambani, Narayana Murthy, Sunil Mittal, Kiran Mazumdar-Shaw, Shivshankar Menon, Montek Singh Ahluwalia, T.N. Ninan, Sanjaya Baru, Naushad Forbes, Omkar Goswami and R. Gopalakrishnan, India Transformed delves deep into the life of an economically liberalized India through the eyes of the people who helped transform it.

This handbook presents a comprehensive study of the post-reform Indian economy, three decades after the economic liberalization started in the early 1990s. It studies the broad range of changes that were introduced in the reforms era, assessing their impact on sectors like manufacturing, agriculture, banking and finance, among others. It also assesses the performance of these sectors amid globalization and the socio-economic shifts in the country. The volume evaluates the contribution of the reforms to social transformation, social inclusion, sustainability and human development, and deliberates on the gains, blind spots and limitations. With contributions from scholars across the country, case studies and comparative analyses that draw on data analysis, econometric evidence and historical sensibility, this is an authoritative volume on the reforms of the 1990s and their impact on the Indian economy and people. Topical and the first of its kind, the book will be a useful resource for scholars and researchers of economics, development studies, political economy, management studies, public policy and political studies.

Indian Economy Has Witnessed Multi-Dimensional Changes During Post-Reform Period. Actually, Economic Reforms Initiated In The Year 1991 Have Divided Economic History Of India Into Two Parts Viz., Pre-Reforms And Post-Reforms Economy Of India. Needless To Mention, These Reforms Have Not Only Influenced The Macro Aggregates Of Our Economy But Different Individual Economic Sectors Also. At The Same Time This Has Opened Many New Economic Issues For Discussion. Moreover, These Reforms Have Divided The Fraternity Of Economists Into Two Groups One Which Applauds The Miracles Of Reforms And Opines That The Reforms Are Panacea For All Ailments Of The Economy And The Other One Is Highly Critical Of The Very Philosophy Of Reforms And Their Introduction In India. There Is Another Group, Which Adopts The Safe Mid-Path. It Agrees On The Point That Openness Is Essential But Not At The Cost Of National Interests. As Such Three Distinct Groups Of Economists Are Pondering Over The Issues Of Reforms And Take Their Stands As Suitable To Their Rationality. This Has Necessitated Taking An Overall Account Of The Implications Of Economic Reforms. The Present Book Is The Outcome Of This Endeavour Only.This Book Consists Of Three Sections. Section I Is Devoted To The Reforms In The Economic Sector, Whereas Sections Ii And Iii Deal With The Reforms In The Social Sector And Federal Finances Respectively. In Total 48 Papers Authored By Reputed Economists Of India Are Being Presented In This Book. Each Paper Presents An In-Depth Analysis Substantiated By The Latest Facts And Figures.It Is Hoped That The Book Would Be Found Highly Useful By Students, Research Scholars, Teachers And Policy Makers. The Book Would Also Be Found Of Great Interest By The Layman Interested In Following The Changing Trends Of Indian Economy.