India's Economy and Growth: Essays in Honour of V. K. R. V. Rao

India's Economy and Growth: Essays in Honour of V. K. R. V. Rao

By: Pradeep Agrawal (editor), Pulin B. Nayak (editor), Bishwanath Goldar (editor)Hardback

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This is a collection of essays by 16 renowned Indian economists on contemporary issues linked to India's economic development. Among the topics covered in the essays are: structural breaks in the India growth process; relevance of the Solow growth model for a developing economy; sources of the growth acceleration in India from the 1980s and the contribution of sectoral changes to overall economic growth; constraints to achieving 4 per cent annual growth rate in agriculture; measurement of unorganized sector output, and savings and capital formation; ensuring environmental sustainability of the energy requirements for a fast, inclusive growth; the kind of inflation targeting that RBI monetary policy should aim for; evolution and structure of Indian fiscal federalism including tax and expenditure assignments, fiscal imbalances, and the design of general purpose and specific purpose transfers from the Centre to the states; and, more. These essays were originally presented in a conference organised to commemorate the birth centenary of Prof V K R V Rao (1908-1991), one of the foremost Indian social scientists and institution builders of the twentieth century. He was the founder of the Delhi School of Economics and the Institute of Economic Growth in Delhi and the Institute of Social and Economic Change in Bangalore. Researchers and academics working in economics and development studies would find this compilation a valuable reference. It would also serve as supplementary reading material for MA economics students for the course on Indian economy.

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About Author

Pulin B. Nayak is Professor of Economics at the Delhi School of Economics, University of Delhi, Delhi. He completed his Ph.D. in Economics from the University of Rochester, Rochester, New York, in 1975. He has been on the faculty of the Delhi School of Economics since 1978. During 1982-84 he held the Agatha Harrison Fellowship at St Antony's College, Oxford. He has been the Head of the Department of Economics and the Dean of the Faculty of Social Sciences in the University of Delhi. During 2005-08, he was Director, Delhi School of Economics. He specializes in public economics and welfare economics. His recent book is entitled Markets and Governments (edited with Kaushik Basu and Ranjan Ray). Bishwanath Goldar is Professor of Economics at the Institute of Economic Growth, Delhi. He did M.A. in Economics in 1971 and Ph.D. in 1982 from the Delhi School of Economics, Delhi University. He taught Economics at the Shri Ram College of Commerce from 1971 to 1979 and then joined the Institute of Economic Growth. He has been with the Institute of Economic Growth since 1979. He has worked as a Senior Fellow at the National Institute of Public Finance and Policy (NIPFP) during 1988-90 and as a Professor at the Indian Council for Research on International Economic Relations (ICRIER) during 2003-04. Professor Goldar specializes in industrial economics and international trade. His publications include a large number of papers on productivity, employment and wages in Indian industries, protection of Indian industries and trade reforms and an authored book entitled Productivity Growth in Indian Industry (1986). He has been associated with a number of important official committees, and is currently the Chairman of the Standing Committee of Industrial Statistics. Pradeep Agrawal is Professor of Economics and Head of the RBI Endowment Unit at the Institute of Economic Growth, Delhi. He has also been the Director of the Center for Research and Development at the Kazakhstan Institute of Management, Economics and Strategic Research (KIMEP), Almaty, Kazakhstan (2003-04). Professor Agrawal obtained his Ph.D. from the Stanford University, USA in 1987 and has 21 years of research and teaching experience in USA, India, Kazakhstan and other countries. He has co-authored three major books on Economic Reforms in India and East Asia. These include Policy Regimes and Industrial Competitiveness: A Comparative Study of East Asia and India and Economic Restructuring in East Asia and India: Perspectives on Policy Reform. He has published numerous articles in refereed international journals. Professor Agrawal was the Editor General of the Central Asian Journal of Management, Economics and Social Research (2003-04). He has been a referee for a number of international and national journals. He has also been an evaluator of research proposals for major international research organizations. He has undertaken consultancies and research projects for the World Bank, USA; International Development Research Centre (IDRC), Canada; Department for International Development, UK; and several other organizations. He has also been chosen a Fellow to several American, Canadian and Indian Fellowship programmes.


Preface Introduction - Pulin B Nayak, Bishwanath Goldar and Pradeep Agrawal 1: INDIAN GROWTH PROCESS Some Questions relating the Indian Growth Process - Suresh D Tendulkar The Veil of Growth: Some Thought Experiments - Errol D'Souza Productivity Increase and Changing Sectoral Composition: Contribution to economic growth in India - Bishwanath Goldar and Arup Mitra Achieving 4 Percent Growth Rate in Agriculture During the Eleventh Five-Year Plan: Feasibility and constraints - Ramesh Chand 2: ESTIMATION OF NATIONAL INCOME AND RELATED AGGREGATES Unorganized Manufacturing and Services in GDP Estimation: Measurement issues - Ramesh Kolli Estimation of Saving and Capital Formation in India: Pending issues for improvement - S L Shetty Divergence Between NAS and NSS Estimates of Private Final Consumption Expenditure - Savita Sharma and Janardan Yadav 3: SUSTAINING GROWTH AND THE DEVELOPMENT PROCESS Inclusive Economic Growth and Sustainable Energy Development of India - Ramprasad Sengupta Investment Data and Sustainability Measures for India - Purnamita Dasgupta 4: MONETARY POLICY The Structure of Inflation, Information and Labour Markets: Implications for Monetary Policy - Ashima Goyal The Optimum Level of Real Interest Rate for India: An empirical analysis - Pradeep Agrawal 5: FISCAL POLICY Indian Fiscal Federalism in Globalizing Environment: Trends and Reform Challenges - M Govinda Rao Fiscal Policy Rules in India: Impact and Reassessment - D K Srivastava 6: LIFE AND CONTRIBUTIONS OF PROF V K R V RAO V K R V Rao: Visionary Social Scientist and Institution Builder - Pulin B Nayak Appendices Index

Product Details

  • publication date: 27/08/2010
  • ISBN13: 9788132104520
  • Format: Hardback
  • Number Of Pages: 408
  • ID: 9788132104520
  • weight: 567
  • ISBN10: 8132104528

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