The Oxford Handbook of the Indian Economy

Edited by Chetan Ghate

Oxford Handbooks

The Handbook is centered on several key debates confronting the Indian economy ranging from the development displacement debate, the growth poverty inequality debate, the demographic transition debate as it relates to employment and employability, caste and social mobility, and the growth-environment debate. These debates are crucial to understanding the tensions that normal Indians experience in their everyday lives.

The Oxford Handbook of the Indian Economy

Edited by Chetan Ghate

Description

India's remarkable economic growth in recent years has made it one of the fastest growing economies in the world. Its rapid growth however has been accompanied by widening regional disparities, poverty, malnutrition, and socio-political instability. Understanding India's dualistic development process, and the emergence of the Indian economic miracle are crucial in solving the obstacles India faces in transforming itself into a modern 21st century economy.

The Handbook features research on core topics by leading scholars to understand the Indian economic miracle and the key debates confronting the Indian economy. The topics are firmly directed at development issues that are germane to India's experience. The Handbook moves beyond traditional boundaries by featuring areas of research that will be important in the future. Indeed, one of the purposes of the Handbook will be to set an academic standard for current and future research on the Indian economy.

The Handbook is divided into seven major sections featuring expert contributions on a host of issues. These range from India's historical development before and after 1947; tackling poverty through innovative public policy; industrialization; implications of the demographic transition; governance and institutional reform; domestic macroeconomic reform as this relates to fiscal rules, monetary policy transmission, banking sector reform, and trade reform; and India's interaction with the world economy as this relates to the WTO, financial crises, and globalization. A final Looking Ahead chapter reflects upon an agenda for economic research in the 21st century.

The Handbook is ambitious in scope, and by being broad, it is diverse in its coverage of topics. By providing a unified and comprehensive treatment of India's complex and dynamic development process, it will be a must-read for both researchers who are new to the field, as well as those who want to update and extend their knowledge to the frontier of the field.

The Oxford Handbook of the Indian Economy

Edited by Chetan Ghate

Oxford Handbooks

1. Introduction - Chetan Ghate
Section I: India's Historical Development
2. India and the World Economy: 1757-1947 - Tirthankar Roy
3. Battles Half Won: The Political Economy of India's Growth and Economic Policy Since Independence - Sadiq Ahmed, Ashutosh Varshney
Section II: New Insights into Tackling Rural Poverty
4. Estimating Rural Poverty: Distributional Outcomes, Evaluations, and Policy Responses - M. Suryanarayana
5. Micro-finance: The SHG Linkage Program - Prabal Roy Chowdhury
6. Micro-insurance: A Case Study of the Indian Rainfall Insurance Market - Xavier Gines, James Vickrey, Lev Menand, Robert Townsend
7. Caste and Upward Mobility - Vegard Iversen
Section III: Industrialization
8. Performance of Indian Manufacturing in the Post Reform Period - Poonam Gupta, Utsav Kumar
9. Informal Sector and the Developing World: Relating Theory and Evidence to India - Sugata Marjit, Saibal Kar
10. Structural Transformation and Jobless Growth in the Indian Economy - Rubina Verma
11. Development, Displacement and Food Security: Land Acquisition for Industrialization - Abhirup Sarkar
Section IV: Social Infrastructure and the Demographic Dividend
12. Reforming Primary and Secondary Schooling - Anjini Kochar
13. Higher Education Reform - Shyam Sunder
14. Health and Health Care Policy in India: The Case for Quality of Care - Jishnu Das, Jeffrey Hammer
15. Population Dynamics in India and Implications for Economic Growth - David Bloom
Section V: Politics and Policy
16. The Dynamics and Status of India's Economic Reforms - Nirvikar Singh
17. The Political Economy of Infrastructure Spending in India - Stuti Khemani
18. Aspects of Bureaucratic Corruption - Gautam Bose
19. Distributive Conflict and Economic Policy: Some Thoughts on Political Economy - Pranab Bardhan
20. Economic Growth and Ecological Sustainability in India - Pranab Mukhopadhyay, Priya Shyamsundar
Section VI: Macroeconomic Policy Reform
21. Fiscal Rules in India: Are they Effective? - William Buiter, Urjit Patel
22. Financial Frictions and Monetary Policy Transmission in India - Ken Kletzer
23. Monetary Policy, Capital Flows, and the Exchange Rate - Partha Sen
24. India's Trade and Exchange Rate Policies: Understanding the BOP Crisis and the Reforms Thereafter - Rajat Achaarya
25. Domestic Financial Sector Reform - Subhashis Gangopadhyay, S.K. Shanthi
26. The Convergence Debate and Econometric Approaches: Evidence from India - Samarjit Das
Section VII: India and the World Economy
27. The Globalization Debate and India - Priya Ranjan; Devashish Mitra
28. India at the WTO: From Uruguay to Doha and Beyond - Kamal Saggi
29. An Estimated DSGE Model of the Indian Economy - Paul Levine, Vasco Gabriel, Bo Yang, Joe Pearlman
30. The Development Patterns of India and China: A Perspective with the CES Production Function - Kamhon Kan, Yong Wang
Looking Ahead
31. What more do we want to know about the Indian Economy? - Ashok Kotwal

The Oxford Handbook of the Indian Economy

Edited by Chetan Ghate

Oxford Handbooks

Author Information

Edited by Chetan Ghate, Associate Professor, Indian Statistical Institute

Chetan Ghate is Assistant Professor in the Planning Unit at the Indian Statistical Institute, Delhi

Contributors:

Rajat Achaarya (Jadavpur University, Kolkata, India).
Sadiq Ahmed (World Bank, USA).
Pranab Bardhan (University of California at Berkeley, USA).
David Bloom (Harvard University, USA).
Gautam Bose (University of New South Wales, Australia).
Willem Buiter (Citibank).
Prabal Roy Chowdhury (Indian Statistical Institute - Delhi Center, India).
Jishnu Das (World Bank, USA).
Samarjit Das (Indian Statistical Institute - Kolkata, India).
Vasco Gabriel (Surrey University, UK).
Subhashis Gangopadhyay (India Development Foundation, Gurgaon, India).
Chetan Ghate (Indian Statistical Institute, New Delhi, India).
Xavier Gine (World Bank, USA).
Poonam Gupta (Delhi School of Economics, India).
Jefferey Hammer (Princeton University, USA).
Vegard Iversen (Indian Statistical Institute - Delhi Center; IDPM University of Manchester).
Kamhon Kan (Academia Sinica, Taipei, Taiwan).
Saibal Kar (Center for Studies in Social Sciences, Kolkata, India).
Stuti Khemani (World Bank, USA).
Ken Kletzer (University of California - Santa Cruz, USA).
Anjini Kochar (Stanford University, USA).
Ashok Kotwal (University of British Columbia).
Utsav Kumar (The Conference Board).
Paul Levine (Surrey University, UK).
Sugata Marjit (Center for Studies in Social Sciences, Kolkata, India).
Lev Menand (Federal Reserve Bank of New York, USA).
Devashish Mitra (Syracuse University).
Pranab Mukhopadhyay (University of Goa, India).
Urjit Patel (Reliance Industries, India).
Joe Pearlman (London Metropolitian University).
Priya Ranjan (University of California, Irvine, USA).
Vijayendra Rao (World Bank).
Tirthankar Roy (London School of Economics, UK).
Kamal Saggi (Southern Methodist University, USA).
Abhiroop Sarkar (Indian Statistical Institute, Kolkata, India).
Partha Sen (Delhi School of Economics, India).
S.K. Shanthi (Great Lakes Institute, Chennai).
Priya Shyamsunder (SANDEE Network).
Nirvikar Singh (University of California - Santa Cruz).
Shyam Sunder (Yale University, USA).
M. Suryanarayana (Indira Gandhi Institute of Development Research, Mumbai, India).
Robert Townsend (MIT, USA).
Ashutosh Varshney (Brown University, USA).
Rubina Verma (ITAM Mexico).
James Vickery (Federal Reserve Bank of New York, USA).
Yong Wang (City University of Hong Kong, Hong Kong).
Bo Yang (University of Surrey and London Metropolitan University).

The Oxford Handbook of the Indian Economy

Edited by Chetan Ghate

Oxford Handbooks

Reviews and Awards

"Outstanding Academic Titles 2012, as selected by CHOICE Magazine (December 2012)." - CHOICE

The Oxford Handbook of the Indian Economy

Edited by Chetan Ghate

Oxford Handbooks

From Our Blog

Five important facts about the Indian economy

By Chetan Ghate India's remarkable economic growth in the last three decades has made it one of the fastest growing economies in the world. While India's economic growth has been impressive, rapid growth has been accompanied by a slow decline in poverty, persistently high inflation, jobless growth, widening regional disparities, continuing socio-political instability, and vulnerability to balance of payment crises.

Posted on November 27, 2013

Read the blog post