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Reviving Growth in India

£79.99

Pradeep Agrawal, Bishwanath Goldar, Ashima Goyal, Pravakar Sahoo, Ranjan Kumar Dash, Prabhu Prasad Mishra, Sushanta K. Mallick, Amaresh Samantaraya, Nilabja Ghosh, Anita Kumari, Shruti Tripathi, Geethanjali Nataraj, Arup Mitra, Chandan Sharma, Prabhakaran Nair V. R., Elena Goldman, Viswanath P. V.
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  • Date Published: December 2015
  • availability: In stock
  • format: Hardback
  • isbn: 9781107090330

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  • This book brings together the latest research findings from leading economists from India and abroad on ways to revive and sustain higher growth rates in India. Divided into five parts, the first part empirically examines the various factors that affect poverty and shows that growth is crucial to poverty reduction. The second part investigates the factors responsible for sustaining industrial growth including skill formation and innovation. Part III analyses the critical role of monetary policy and shows that it is not very effective in the presence of commodity price shocks and supply constraints. It explains why RBI could not effectively control inflation and why the government must play a crucial supporting role in controlling inflation. Part IV then analyses various supply constraints to growth including agriculture, energy security, social and physical infrastructure and discusses how to deal with them effectively. Part V analyses the labour and financial market policies.

    • Discusses the importance of maintaining high economic growth in India to escape the low income trap
    • Examines various factors that affect poverty in India
    • Investigates the factors responsible for sustaining industrial growth
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    Product details

    • Date Published: December 2015
    • format: Hardback
    • isbn: 9781107090330
    • dimensions: 236 x 156 x 30 mm
    • weight: 0.66kg
    • availability: In stock
  • Table of Contents

    List of tables and figures
    Preface
    Part I. The Importance of Growth:
    1. Introduction: reviving growth in India Pradeep Agrawal
    2. Economic growth: the key to poverty reduction in India Pradeep Agrawal
    Part II. Reviving Growth of Industry and Exports:
    3. Sustaining a high rate of industrial growth in India in the next ten years Bishwanath Goldar
    4. Growth drivers: ICT and inclusive innovations Ashima Goyal
    5. Determinants of India's service exports Pravakar Sahoo, Ranjan Kumar Dash and Prabhu Prasad Mishra
    Part III. The Dampeners to Growth: Controlling Inflation:
    6. Macroeconomic effects of monetary policy in India Sushanta K. Mallick
    7. Role of monetary policy in sustaining high growth in India: lessons from the recent dynamics in determination of bank credit Amaresh Samantaraya
    Part IV. The Supply Constraints to Growth:
    8. Sustainability of Indian agriculture Nilabja Ghosh and Anita Kumari
    9. Energy security for India Pradeep Agrawal and Shruti Tripathi
    10. Social and physical infrastructure in India: constraints to rapid growth Pradeep Agrawal
    11. Infrastructure challenges in India: the role of public-private partnerships Geethanjali Nataraj
    Part V. Emerging Issues in Growth: The Labour and Capital Markets:
    12. Issues in labour cost and employment Arup Mitra and Chandan Sharma
    13. Financing structure and growth: a study of firms in the Indian private corporate sector Prabhakaran Nair V. R.
    14. Export intensity and dividend policy of Indian firms Elena Goldman and Viswanath P. V.
    Contributors
    Index.

  • Editor

    Pradeep Agrawal, Institute of Economic Growth, Delhi
    Pradeep Agrawal is the Reserve Bank of India (RBI) Chair Professor of Economics and Head of the RBI Endowment Unit at the Institute of Economic Growth, New Delhi, where he has been the Officiating Director. He has also been the Director of the Research Center and Associate Dean of Research at the Kazakhstan Institute of Economics, Management and Strategic Research, Kazakhstan. Professor Agrawal's interests span economic growth and development; macroeconomics and financial markets; international economics; industrial economics; and applied econometrics. He has published extensively in international and national journals. He has co-authored two books (with Dr Subir Gokarn, former Deputy Governor, RBI and Dr Kirit Parikh, former member, Planning Commission) entitled Economic Restructuring in East Asia and India: Perspectives on Policy Reform and Policy Regimes and Industrial Competitiveness: A Comparative Study of East Asia and India. He has co-edited one book, India's Economy and Growth, and is currently working on a book titled Sustaining High Growth in India. He has done consultancy/projects for The World Bank, the Asian Development Bank, IDRC-Canada, the Swiss National Science Foundation, the Planning Commission and several ministries of the Government of India. He commentates on economic issues in national and international print and electronic media. Besides being an expert on the Indian economy, Professor Agrawal has expertise on most other Asian economies, having visited most of them for research. He has published books and numerous research articles on economies of East Asia, South Asia and Central Asia. Professor Agrawal took his MS and PhD degrees in economics from Stanford University and has held faculty positions at several universities in the USA and visiting positions at numerous institutions in the USA, Canada, Europe and Asia.

    Contributors

    Pradeep Agrawal, Bishwanath Goldar, Ashima Goyal, Pravakar Sahoo, Ranjan Kumar Dash, Prabhu Prasad Mishra, Sushanta K. Mallick, Amaresh Samantaraya, Nilabja Ghosh, Anita Kumari, Shruti Tripathi, Geethanjali Nataraj, Arup Mitra, Chandan Sharma, Prabhakaran Nair V. R., Elena Goldman, Viswanath P. V.

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