Indian Economy by Dutt & Sundaram

Indian Economy

(Paperback)

by 

K. P. M Sundaram

, 

Gaurav Datt

, 

Ashwani Mahajan

 24 Ratings  | 

Publisher: S. Chand Publisher (2011)

Price: Rs. 550

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Book Summary of Indian Economy

The authors present a comrehensive survey of the Indian Economy in terms of GDP growth, savings, Investment and developments in various sectors like agriculture, industry and services. A contradication observed in India is that while the reform process has resulted in boosting GDP growth, it has failed to yield an acceleration in the process of Poverty Reduction and growth of employment.

A thorough revision of the book was necessitated by rapid changes taking place in the Indian economy. To catch up with economic changes occurring at national and international levels, significant changes have been made in all chapters. A new chapter has been added entitled, Thirteenth Finance Commission. Following sections have also been added :

• Union Budget 2010-11
• Recent Rise in Prices and the Common Man
• Agriculture Marketing Reforms with Special Reference to APMC Model Act
• Quick Estimates of the 4th All India Census of MSMEs
• Update on Trade Negotiations

Table of Contents 

• Part A : STRUCTURE OF THE INDIAN Economy :
• I. India as a Developing Economy :
• 1. Meaning of an Underdeveloped Economy
• 2. Basic Characteristics of the Indian Economy as a Developing Economy
• 3. Major Issues of Development
• II. INDIAN ECONOMY ON THE EVE OF INDEPENDENCE :
• 1. Indian Economy in the Pre-British Period
• 2. Economic Consequences of British Conquest
• 3. Decline of Indian Handicrafts and Progressive Ruralisation of the Indian Economy
• 4. The Land System During 1793-1850
• 5. Commercialisation of Agriculture (1850-1947)
• 6. Famines and Famine Relief in India
• 7. Process of Industrial Transition in India
• 8. Colonial Exploitation : Forms and Consequences
• 9. Colonialism and Modernization
• III. National Income of India :
• 1. National Income Estimates in India
• 2. CSO Revised National Income Series with 1999-00 as Base Year
• 3. Trends in National Income-Growth and Structure
• 4. Limitations of National Income Estimation in India
• IV. Human Resources and Economic Development :
• 1. The Theory of Demographic Transition
• 2. Size and Growth Rate of Population in India
• 3. Quantitative Population Growth Differentials in Different Countries
• 4. The Sex Composition of Population
• 5. Age Composition
• 6. The Density of Population
• 7. Urbanisation and Economic Growth in India
• 8. The Quality of Population
• 9. Population Growth as a Factor of Economic Development
• 10. Population Policy
• 11. National Population Policy (2000)
• 12. Population Projections (2001-2026)
• 13. Demographic Dividend
• V. Human Development in India :
• 1. The Concept and Measures of Human Development
• 2. Human development Index for Various States in India
• 3. National Human Development Report (2001)
• 4. Progress of Human Development in India
• 5. Directions of Policy
• VI. Occupational Structure and Economic Development :
• 1. Economic Development and Occupational Distribution
• 2. Historical Experience of Structural Change in Developed Countries
• 3. GDP and Employment Shares in Selected Developing Countries
• 4. Changing profile of GDP and employment in India (1950-51 to 2001-02)
• 5. GDP, Employment and Productivity per Worker in India
• 6. Relative Shift in the Shares of NSDP and Employment in Agriculture, Industry and Services in Different States
• 7. Workforce Participation Rates in India
• VII. Natural Resources, Economic Development and Environmental Degradation :
• 1. Natural Resources in the Process of Economic Development
• 2. Land Resources
• 3. Forest Resources
• 4. Water Resources
• 5. Fisheries
• 6. Mineral Resources and Mineral Policy
• 7. Economic Development and Environmental Degradation
• 8. Global Climate Change and India
• VIII. Infrastructure in the-Indian Economy :
• 1. Infrastructure and Economic Development
• 2. Energy
• 3. Power
• 4. Transport System in India's Economic Development
• 5. Growth of Indian Railways
• 6. Roads and Road Transport System in India
• 7. Rail-Road Co-ordination
• 8. Water Transport in India
• 9. Civil Aviation in India
• 10. The Communication System in India
• 11. Urban Infrastructure
• 12. Science and Technology
• 13. Private Investment in Infrastructure : Outlook and Prospects
• IX. Social Infrastructure and Social Sector :
• 1. Concept of Social Sector and Social Infrastructure
• 2. Development of Education in India
• 3. Health and Family Welfare and the Development of Health Infrastructure
• Part B : PLANNING AND ECONOMIC DEVELOPMENT :
• X. Objectives and Strategy of Economic Planning in India :
• 1. Objectives of Economic Planning in India
• 2. Democratic Socialism in India
• 3. Mixed Economy and Economic Planning
• 4. Development Strategy in India
• 5. Models of Economic Development—Nehru vs. Gandhi
• 6. Liberalisation, Privatisation and Globalisation (LPG) Model of Development
• 7. PURA-A Neo-Gandhian Approach to Development
• XI. Industrial Policy and Indian Planning :
• 1. Industrial Policy Resolution, 1956
• 2. Industrial Policy Statement, 1977
• 3. Industrial Policy of 1980
• 4. Industrial Licensing Policy
• 5. Industrial Policy (1991)
• XII. Public Sector and Indian Planning :
• 1. The Evolution of the Public Sector in India
• 2. Role of the Public Sector in India
• 3. Causes for the Expansion of Public Enterprises
• 4. Performance of Public Sector Undertakings
• 5. Shortcomings of the Public Sector
• 6. New Directions of Policy on the Public Sector
• XIII : Disinvestment of public Enterprises :
• 1. Rationale of Disinvestment
• 2. Emergence of the Disinvestment Policy
• 3. Critique of Disinvestment
• XIV. Redefining the Role of the State :
• 1. Expanding the Role of the Public Sector to Accelerate Growth (1956 to 1990)
• 2. Reducing the Role of the Public Sector
• 3. Areas of Market Failure and Need for State Intervention
• 4. Redefining the Role of the State
• XV. Privatisation and Economic Reforms :
• 1. Performance Analysis of Public Sector
• 2. Comparison of the Public and Private Sector
• 3. Privatisation Wave in the World
• 4. Meaning and Scope of Privatisation
• 5. Attempts at Privatisation in India
• 6. Privatisation-The Alternative Models
• 7. Public Versus Private Sector Debate—A Non-Issue
• 8. Economic Reforms-A Brief Review
• 9. Economic Reforms in India-An Appraisal
• XVI. Globalization and its Impact on India :
• 1. Globalization and its Advocacy
• 2. Globalization and its Impact on India
• 3. Fair Globalization and the Need for Policy Framework
• 4. Globalization in Reverse Gear-The Threatened Re-emergence of Protectionism
• XVII. Planning Experience in India :
• 1. First Nine Five Year Plans (1950-51 to 2001 -02)
• 2. Pattern of Financing the Five-Year Plans in India
• 3. Relative Merits and Demerits of Different Sources of Plan Financing
• 4. Review of Planning Experience in India Tenth Five Near Plan (2002-07)
• XVIII. Tenth Five Year Plan (2002-07) :
• 1. Tenth Plan : Objectives, Targets and Strategy
• 2. Growth Target, Saving and Investment
• 3. Public Sector Plan : Resources and Allocation
• 4. Regional Balance and Poverty
• 5. External Sector Dimensions
• 6. Employment Perspective
• 7. Achievements and Failures of the Tenth Plan
• XIX. Eleventh Five Year Plan and Inclusive Growth :
• 1. Economic Scenario on the eve of the Eleventh Plan
• 2. Objectives of the Eleventh Plan
• 3. Macro-economic Dimensions of the Eleventh Plan
• 4. Financing the Eleventh Plan
• 5. Sectoral Allocation of Resources
• 6. Employment Perspective in the Eleventh Plan
• 7. Poverty Reduction
• 8. Regional Disparities in Growth Rates
• 9. Critique of the Eleventh Plan
• XX. The Problem of Capital Formation :
• 1. Meaning and Concept of Capital Formation
• 2. Trend of Saving and Capital Formation in the Indian Economy
• 3. Mobilisation of Domestic Savings
• 4. Additional Measures of Mobilisation of Savings in India
• 5. Relation between Saving Rate, Growth Rate and ICOR
• 6. Human Capital Formation in India
• XXI. Foreign Capital, Foreign Aid and Economic Development :
• 1. The Need for Foreign Capital
• 2. Forms of Foreign Capital
• 3. Government Policy towards Foreign Capital
• 4. Foreign Collaboration in the Post-Independence Period
• 5. External Assistance and the Five-Year Plans
• 6. The Impact of Foreign Aid on India's Economic Development
• 7. Problems of Foreign Aid
• 8. Extent of External Debt and Debt Trap
• XXII. Poverty and the Planning Process in India :
• 1. The Concept of Poverty
• 2. Studies of Poverty in India
• 3. Planning Commission's Estimate of Poverty
• 4. NSSO 55th Round and Poverty Reduction Controversy
• 5. Economic Reforms and Reduction of Poverty
• 6. Need for Redefining Poverty Line
• 7. International Comparison of Poverty
• 8. Towards a Solution of the Problem of Poverty
• XXIII. The Parallel Economy in India :
• 1. Parallel Economy and Objectives of Planning
• 2. Estimates of Black Income in India
• 3. A Review of the Various Estimates of Black Income
• 4. Impact of Black Incomes on the Economic and Social System
• 5. Factors Responsible for Generation of Black Money
• 6. Corruption and Development in India
• 7. A Survey of Measures Undertaken to Unearth Black Money
• 8. Evolution of a Policy Package to Control Parallel Economy
• XXIV. Unemployment in India :
• 1. Nature of Unemployment in India
• 2. Estimates of Unemployment in India
• 3. Various Schemes to Reduce Unemployment and Under-employment
• 4. Employment Guarantee Scheme of Maharashtra
• 5. National Rural Employment Programme
• 6. Rural Landless Employment Guarantee Programme
• 7. IRDP, NRF.P. Rural Poverty and Employment
• 8. Jawahar Rozgar Yojana
• 9. Employment Policy in the Ninth Plan
• 10. Changing Dimension of Unemployment and Employment
• 11. Structure of Employment in India
• 12. Quality of Employment
• 13. Task Force on Employment Opportunities
• 14. S.P. Gupta Special Group on Targeting 10 Million Employment Opportunities per Year
• 15. Unemployment Rates between 1993-94 and 2004-05 (61st Round of NSS)
• 16. Employment Policy of the Eleventh Plan
• 17. Alternative Model of Development for Stimulating Growth of Employment
• 18. Employment Guarantee Act (2005)
• XXV. Inequality and Economic Power in India :
• 1. Growth of Large Industrial Houses Since Independence
• 2. Growth of Monopolies and Concentration of Economic Power in India
• 3. Competition Policy and Competition Law
• 4. Growth and Inequality
• 5. India as an Economic Superpower
• 6. Growth of the Indian Middle Class
• 7. Indian MNCs : Mergers and Aquisitions
• 26. Prices, Price Policy and Economic Growth :
• 1. Price Movement Since Independence
• 2. Causes for Rise of Prices in India
• 3. Control of Inflation in India
• 4. Price Policy in a Fast Developing Economy
• 5. Recent Rise of Prices and the Common man
• XXVII. Balanced Regional Development :
• 1. Indicators of Regional Imbalance
• 2. Causes of Economic Backwardness and Regional Imbalances
• 3. Policy Measures to Remove Regional Disparities
• 4. Tenth and Eleventh Five Year Plan and Regional Disparities
• 5. State Human Development Reports
• Part C : AGRIC ULTURE IN THE NATIONAL ECONOMY :
• XXVIII. Indian Agriculture under the Five Year Plans : The Green Revolution :
• 1. The place of Agriculture in the National Economy
• 2. Progress of agriculture Under the Five Year Plans
• 3. Present Position of Indian Agriculture : Looming Crisis
• 4. Green Revolution
• 5. New Thrust Areas in Agriculture
• 6. Green Revolution-the Future Prospects
• 7. National Commissions of Farmers and Green Revolution
• 8. Crop Pattern in India Since 1951
• XXIX. Food Security in India :
• 1. Concept of Food security
• 2. Food self-sufficiency and Food security
• 3. Public Distribution System and its Impact on Poverty
• 4. Policy Options for Reforms of PDS
• 5. Food Insecurity at Global Level
• XXX. Irrigation and Other Agricultural Inputs :
• 1. Irrigation
• 2. Multipurpose River Valley Projects : A Controversy
• 3. Irrigation in the Eleventh Plan
• 4. Private Sector Participation in Irrigation
• 5. Fertilizers and Manures
• 6. Improved Seeds
• 7. Soil Conservation and Reclamation
• 8. Livestock and Dairy Development
• 9. Mechanisation of Agriculture
• XXXI. Land Reforms :
• 1. The Need and Scope for Land Reforms in a Developing Economy
• 2. The Abolition of Intermediaries
• 3. Tenancy Reforms
• 4. Ceiling on Land Holdings
• 5. An appraisal of Land Reforms
• XXXII. Size of harms and Productive Efficiency :
• 1. The Meaning of Economic Holding
• 2. Changing Pattern of Ownership and Operational Holdings in India
• 3. Farms Size, Productivity/Profitability and Farm Efficiency
• 4. The Problem of Sub-division and Fragmentation of Holdings
• 5. Co-operative Farming
• XXXIII. Organisation of Rural Credit in India :
• 1. Needs for Credit for Indian Farmers
• 2. Credit Delivery Mechanism in Rural Finance : Multi-Agency Approach
• 3. Rural Co-operative Credit Societies
• 4. Long Term Rural Credit : Co-operative Agricultural and Rural Development Banks
• 5. Rural Co-operative Movement in India-An Evaluation
• 6. Commercial Banks and Rural Credit
• 7. Lead Bank Scheme (LBS)
• 8. Service Area Approach : New Strategy for Rural Lending
• 9. Regional Rural Banks (RRBs)
• 10. NABARD and its Role in Rural Credit
• Appendex 1 : The Problem of Rural Indebtedness
• Appendix 2 : Agricultural insurance
• Appendix 3 : Recent Developments in the Field of Rural Finance
• XXXIV. Agricultural Marketing and Warehousing :
• 1. The Present State of Agricultural Marketing in India
• 2. Regulated Markets
• 3. Co-operative Marketing
• 4. Government and Agricultural Marketing
• 5. Warehousing in India
• 6. Reforms in Agriculture Marketing with Special Reference to Model APMC Act
• XXXV. Agricultural Labour :
• 1. Present Position of Agricultural Labour in India
• 2. Agricultural Labour and Minimum Wages
• 3. Abolition of Bonded Labour
• 4. Recommendations of the National Commission on Rural Labour (NCRL)
• Part D : INDIAN Industries :
• XXXVI. Industrial Pattern and the Plans :
• 1. The Role of Industrialisation
• 2. The Pattern of Industrialisation
• 3. Industrial Pattern on the Eve of Planning
• 4. Industrial Pattern and the Five-Year Plans
• 5. Review of Industrial Growth under Planning-Structural Transformation
• 6. Pattern of Ownership of Industries
• XXXVII. Some Large-Scale Industries :
• 1. The Iron and Steel Industry
• 2. The Cotton and Synthetic Textile Industry
• 3. The Jute Industry
• 4. The Sugar Industry
• 5. The Cement Industry
• 6. The Paper Industry
• 7. Petrochemical Industry
• 8. Automobile Industry
• XXXVIII. Information Technology (IT) Industry :
• 1. Information Technology and Knowledge Economy
• 2. IT in India Viewed in World Context
• 3. Major Issues in Information Technology
• 4. Growth and Present State of IT industry in India
• 5. Future Prospects of IT industry
• 7. Outsourcing, Nationalism and Globalisation
• XXXIX. Small-Stall' Enterprises :
• 1. Definition of Small-scale and Cottage Enterprises
• 2. The Role of Small-scale Industries in Indian Economy
• 3. Third Census of Small Scale Industries (2001-02)
• 4. Quick Estimates of 4th All India Census of MSME
• 5. The Case for Small-scale Enterprises
• 6. Policies and Programmes to Remove Disabilities
• 7. Small Sector Industrial Policy
• 8. Village and Small Industries in the Ninth and Tenth Plans
• 9. S.P. Gupta Study Group on Development of Small Enterprises
• 10. Policy perspective to Help Small and Tiny Interprises
• XL. Labour Problems and Labour Policy :
• 1. Features of Industrial Labour
• 2. Trade Union Movement
• 3. Industrial Disputes in India
• 4. Industrial Relations in the Public and the Private Sectors
• 5. Causes of Industrial Disputes
• 6. Emerging Trends in Trade Union Movement
• 7. Settlement of Industrial Disputes
• 8. Social Security Measures in India
• 9. Right to Strike and Supreme Court Judgement
• 10. The Problem of Bonus in India
• XLI. Unorganised Sector and Informalisation of the Indian Economy :
• 1. Unorganised Sector and India's Informal Economy
• 2. Size of Unorganised Sector
• 3. Poverty, Vulnerability and Unorganised Sector Employment-The High Degree of Correlation
• 4. Estimate of Organised and Unorganised Workers
• 5. Self-employed Workers in Non-Agricultural Sector
• 6. Agricultural Labourers
• 7. Bonded Labour
• 8. Working Conditions of Farmers
• 9. Action Programme for the Unorganised Sector
• 10. Assessment of NCEUS Recommendations
• XLII. Second National Commission on Labour :
• 1. National Commission on abour and Review of Labour Laws
• 2. Review of Labour Laws and Recommendations of NCL
• 3. Positive Features of NCL Recommendations
• 4. A Critique of National Labour Commission's Recommendations
• 5. Unorganised Sector and Umbrella Legislation
• Part E : THE TERTIARY SECTOR IN THE INDIAN ECONOMY :
• XLIII. The Foreign Trade of India :
• 1. Importance of Foreign Trade for a Developing Economy
• 2. Foreign Trade Since Independence
• 3. Composition of India's Foreign Trade
• 4. Direction of India's Foreign Trade
• XLIV. India’s Balance of Payments :
• 1. India's Balance of Payments on Current Account
• 2. Balance of Payments Crisis
• 3. Balance of Payments Since the New Economic Reforms of 1991
• 4. India's Trade Policy
• 5. India's Foreign Trade Policy (1991)
• 6. Export-Import Policy
• 7. Export-Import Policy (2002-2007)
• 8. Foreign Trade Policy (2004-09)
• 9. An Analysis of Trends in Exports and Imports
• XLV. Special Economic Zone :
• 1. Special Economic Zones (SEZs)-An Overview
• 2. Some Recent Developments in the Evolution of SEZ Policy
• 3. Parliamentary Standing Committee Report on Special Economic Zones
• XLVI. GATT, Wto and India’s Foreign Trade :
• 1. The Uruguay Round of Negotiations-8th Round of GATT
• 2. Uruguay Round of Final Act and its Implications for India
• 3. Social Clause in GATT
• 4. Impact of WTO on various aspects of Indian economy
• 5. WTO, Subsidies and Agriculture
• 6. India's Role at Doha Ministerial Conference (2001)
• 7. Geneva Frame Work of WTO and India
• 8. Update on Trade Negotiations
• LXVII. India Currency System :
• 1. Indian Currency System Today
• 2. Sources of Broad Money (M3) : Factors Affecting Money Supply in India
• 3. The New Monetary and Liquidity Aggregates
• 4. Reserve Money and Money Multiplier
• 5. External Value of the Rupee
• 6. India's Foreign Exchange Reserves
• 7. Convertibility of the Rupee : Current and Capital Account
• 8. Foreign Exchange Management Act (FEMA)
• 9. The Prevention of Money Laundering Act, 2002
• XLVIII. Indian Financial System : Commercial Banking System :
• 1. Indian Financial System : An Overview
• 2. Indigenous Bankers
• 3. Progress of Banking in India since 1969
• 4. Profitability of Banks in India
• 5. Narasimham Committee (1991) on the Banking System in India
• 6. Reform of the Banking Sector (1992-2008)
• 7. Present Status of Banking Systems
• XLIX. Indian Financial System II : Money and Capital Markets in India :
• 1. The composition of the Indian Money Market
• 2. Features and Defects of the Indian Money Market
• 3. The Reform of the Indian Money Market (1986-2008)
• 4. Composition of the Indian Capital Market
• 5. Development Financial Institutions (DFIs)
• 6. Non-Banking Finance Companies (NBFCs)
• 7. Mutual Funds
• 8. Venture Capital Funds
• 9. Other Financial Intermediaries
• 10. Stock Exchange in India
• 11. Sebi and Capital Market Reforms
• L. The Reserve Bank of India and Monetary Management :
• 1. Functions of the Reserve Bank of India
• 2. Monetary Policy of the Reserve Bank of India
• 3. Working of the Indian Monetary System : The Chakravarty Committee Report
• LI. Indian Public Finance :
• 1. Central Government Budgets Since 1905-51
• 2. Revenues of the Central Government
• 3. Expenditure of the Central Government
• 4. Budgets of State Governments
• 5. Revenue Expenditure of State Governments
• 6. Trends in Revenue and Expenditure of Central and State Governments
• 7. India's Public Debt
• 8. Deficit Financing in India
• 9. Central Government Budget (2009-10)
• 10. Major Challenges and the Budget
• 11. Budget Estimates (2010-11) At a Glance
• 12. Tax Proposals in the Budget
• 13. Assessment of the Budget (2010-11)
• 14. Kelkar Task Force Proposals
• LII. Financial Relations Between the Centre and the States :
• 1. Financial Relations Under the Constitution
• 2. The Finance Commission Awards
• 3. Evaluation of the First Eleventh Financia Commission Awards
• 4. Twelfth Finance Commission Award (2005-10)
• 5. Centre-State Conflict on Finances
• LIII. Thirteenth Finance Commission (2010-15) :
• 1. The Approach of the Thirteenth Finance Commission
• 2. Vertical Devolution : Issues and Approach
• 3. Horizontal Devolution : Issues and Approach
• 4. Revised Roadmap for Fiscal Consolidation
• 5. Assessment of the Thirteenth Finance Commission Report
• LIV. Government Subsidies in India :
• 1. NIPFP paper on Subsidies (1997)
• 2. Report of the Central Government on Subsidies in India (2004)
• 3. Future Policy on Subsidies Abbreviations