This Second Revised And Enlarged Edition: 2002 Provides A Good Insight Into The Current State Of Indian Economy, Highlighting The Challenges Of The Growth Process And Opportunities Covering The Areas Of The Economy, Banking And Finance, Agriculture, Industry And Infrastructure And The External Sectory.

After a phase of slow growth post Independence, the Indian economy has experienced significant changes since the mid-1980s as a result of major reforms. India’s growth story has defied established economic patterns and, in the process, created interesting paradoxes that have attracted global attention. In this new edition of A Concise Handbook of the Indian Economy in the 21st Century, select chapters from the original have been updated to present a brief but comprehensive overview of the Indian economy, contributing to a finer understanding of India’s economic development. The volume adopts a non-ideological and forward-looking approach to discuss important economic issues. It takes into account various social and political factors impacting the Indian economy, and compares the importance of external market factors with that of domestic reforms in India’s economic growth. The book aims to provide a deep understanding of the economy based on careful fact-based research, which is a pre-requisite for formulating pragmatic reforms necessary to achieve sustained and inclusive growth.

This book provides a comprehensive analysis of India’s social and economic transformation in the decades leading up to the COVID-19 pandemic and explores both resilience and vulnerabilities in Indian society. It provides an in-depth look into diverse aspects of how Indians live, earn a living and care for their children by examining vital indicators such as poverty, malnutrition, health and marriage and family relationships, among others. Analysing the data from the India Human Development Surveys, it presents a complex picture of India’s transformation and large economic and educational gains, while exploring the reasons why these have not translated into social transformation of a similar magnitude. The volume also describes the backdrop against which the COVID-19 pandemic crippled the Indian economy. In effect, it foreshadows the challenges that need to be addressed on the road to recovery. It argues that in order to reduce the scarring and ensure recovery for all, it will be important to focus on the underlying conditions faced by the most vulnerable sections of the Indian society as policymakers seek to effectively tend to issues of socio-economic inequality and marginalisation in the long run. Rich in data and analysis, this book will be useful for scholars and researchers of economics, political economy, sociology and development studies.

This book analyses India’s trade policy evolution in the last two decades in the broad context of trends and patterns in global trade and in particular, with reference to the emergence of global value chains (GVCs). Through an in-depth analysis of its trade policy evolution in the 2000s, the author explains India’s limited share of global merchandise trade, especially manufacturing trade and relatively low GVC integration. The book discusses India’s trade policy, pattern and global trade participation not just in the comparative context of China as is true of most analyses relating to the Indian economy, economic reforms and trade liberalization in India but also in the context of regional economies like Vietnam, Thailand, Malaysia, Bangladesh and other emerging market economies (EMEs) that have successfully integrated with GVCs/ RVCs in the period under reference. Progress and nature of India’s value chain participation relative to other economies has been evaluated in this context. The book further examines policy developments with respect to traditional trade measures like tariffs and export schemes, trade and GVC related policies in special economic zones (SEZs) as well as GVC-facilitating policy instruments such as regional/ free trading agreements (RTAs/FTAs) and investment treaties. Three sectoral case studies - automobiles, textiles and apparel and electronics - are presented to examine India’s participation in these dynamic GVC intensive sectors. An important study of one of the fastest growing economies in the world for almost two decades, this book will be of substantial interest to academics and policymakers in the fields of Economics, International Economics, Foreign Policy, Economic Relations, Economic Diplomacy, Indian- Southeast/East Asian Economics.

This 2nd revised and enlarged edition a highly acclaimed predecessor offers a panoramic vision of the fast changing contours of Indian economy, covered by some of the most well-known scholars on the subject.

A First-Hand Account Of The Police And Politics In The 20Th Century Punjab-Connected As He Was With Decision Making And Actual Conduct Of The Public Affairs. Police Officers, Administrators, Politicians And Publicmen Would Find It Of Interest.

Labour policy of the Government of India derives its philosophy from the Directive Principles of State Policy as enshrined in the Constitution of India. Various legislations have been enacted to promote employment and general welfare of labour. As in other developing countries, unemployment is a serious problem of the Indian economy. The poverty of the masses in India is closely related to the problem of unemployment. Unemployment is a multi-dimensional phenomenon in India. It is not restricted to one sector or group of population. Instead, it is a widespread disease touching almost every segment of the society. Policies of economic liberalisation have drastically altered the relationship between the state, labour and business. This book covers all these aspects of labour policy in the context of ongoing economic reforms in India.