1st Edition

Navigating the Indian Economic Policy Dealing with 21st Century Challenges

Edited By Arijita Dutta, Nitya Nanda Copyright 2027
394 Pages 49 B/W Illustrations
by Routledge

394 Pages 49 B/W Illustrations
by Routledge

This volume examines the 21st century challenges facing India and explores how the country can adopt a development approach capable of addressing these complex issues. It makes an integrated effort to mainstream social and environmental challenges in economic policy-making, offering a contemporary critical scrutiny of major issues emerging from India's development experience of over 75 years... Read more

Section I. Growth and Development Experiences

1. The Binding Constraints on Growth and Employment in India during the Post-Liberalization Period

Zico Das Gupta

2. Agricultural Sector in India: Asking for thorough reforms

Nitya Nanda

3. State, Food Sovereignty, and Food Security: The Case of India’s Food Security Act

Poornima Varma

4. Structural Change in the Indian Economy: Was it a case of service-export-led growth?

Nitya Nanda

5. Post-reform Trend and Pattern of Rural non-farm employment in India            

Shadab Hashmi

6. Challenges facing the Indian Economy: The Macroeconomic Reality of the Black Economy

Saumen Chattopadhyay

II. Public Policy Issues in India     

7. Redistributive effect of Goods and Service Taxes (GST) and Transfers on Household Consumption Expenditure in India     

Parma Chakravartti and Saikat Banerjee

8. Inflation Targeting in India: Some Questions

Surajit Das

9. Monetary Policy in Uncertain Times: The Indian Experience

Indranil Bhattachrya

10. Changing Dynamics of Centre-State Fiscal Relations

Manish Gupta

III. External Sector of the Indian Economy          

11. Assessing the Feasibility of De-dollarization and the Quest for Alternatives

Atulan Guha, Niladri Saha, Parthapratim Pal and Saubhik Deb

12. Foreign Direct Investment flows and Roundtripping: The Indian Case

Bibek Ray Chaudhuri

IV Labour and Labour Market

13. Political Economy of Labour Law Reforms in India

Anamitra Roychowdhury and Kingshuk Sarkar

14. Work and Identity: Mapping Caste and Gender Segregation in Indian Labour Markets

Angarika Rakshit

V. Human Development Issues

15. Healthcare Financing in times of Universal Health Coverage        

Indranil, Mampi Bose, and Shantanu De Roy

16. Financing the Right to Education: Normative Requirements and the Challenges it faces

Sukanya Bose

17. Tuberculosis in India: facility choice and cost of treatment

Arijita Dutta and Paramita Barman

18. Public Sanitation Programme in Rural India: A Critical View

Indranil De

VI. Poverty and Inequality

19. The Change in Multi-Dimensional Deprivation of various Social Groups in India: Post-Liberalization Period   

Aparajay

20. Have Caste-Based Wage Inequalities Changed in Indian Labour Market in the Post-COVID Era? Insights from PLFS Data  

Akhil Alha, and Krishna Ram

21. State as the Provider of Distributive Justice: Formative Ideas of Jawaharlal Nehru,

1928-31           

Amitava Gupta

22. Care work – why is it important to integrate the concept in economic policymaking?

Sona Mitra and Bidisha Mondal

VII. Environment and Biodiversity

23. Augmenting biodiversity in India: some economic dimensions

Nandan Nawn

24. Productivity, Welfare, and Climate Change: A Case for People Centric Planning

Manish Kumar Shrivastava and Malancha Chakrabarty

Biography

Arijita Dutta is a Professor in the Department of Economics and Director of the Centre for Urban Economic Studies, University of Calcutta. She is an alumnus of Presidency College, Kolkata, CESP, JNU and University of Calcutta. Her research interest lies is Health Economics, Quantitative Development Economics, Labour Economics, Gender Economics and Economics of Entrepreneurship. She has been closely associated with health policy evaluation for the state of West Bengal and has published policy documents on health care in West Bengal. She is also engaged in action research on women entrepreneurs and is currently associated with the global project of Empowering Women Globally as a knowledge partner. She has taught in a number of foreign Universities and has been a visiting professor at University of Le Havre, France; UNU Merit, Maastricht, the Netherlands; ZEF, University of Bonn, Germany and Yamaguchi University, Japan.

Nitya Nanda is an economist and a public policy analyst with about three decades of experience in research, consulting and teaching. Currently, he is a professor at the Council for Social Development, a social science think tank based in New Delhi. Earlier he was with The Energy and Resources Institute (TERI), CUTS International and National Council of Applied Economic Research (NCAER). He received his education at the University of Calcutta and Jawaharlal Nehru University, New Delhi. Currently he works majorly on social development and social protection issues but his areas of interest also include international trade, industrialization, and energy and environment issues. Apart from many papers in national and international journals. He has  authored and edited several volumes, including Expanding Frontiers of Global Trade Rules (2009), Hydro-Politics in GBM Basin (2015), India’s Resource Security (2018), and India’s Industrial Policy and Performance (2021).

Surajit Das has completed MA in 2000, MPhil in 2002 and PhD in 2010 from CESP, JNU. He is currently an assistant professor at CESP, JNU since 2013. Before that he has worked in Ambedkar University Delhi, National Institute of Public Finance and Policy, Kerala State Planning Board, Planning Commission and in the 12th Finance Commission of India. Dr. Das has published various articles in national and international journals and participated in various national and international conferences. His areas of interest includes macroeconomics, applied econometrics, fiscal and monetary policy, human development etc.

Sharat Kumar is an M.A. and Ph. D in Economics. He belongs to the first batch of students who passed out from the CESP. He began his career as a lecturer-in-economics and later joined the Indian Economic Service. He has worked in the Planning Commission, the Ministry of Finance, the Ministry of Heavy Industries and Public Enterprises, the Ministry of Water Resources and the Ministry of Environment, Forests and Climate Change. He superannuated as Senior Economic Adviser, Government of India. He also served for a brief period as Reader-in-Economics at the Lal Bahadur Shastri National Academy, Mussoorie. Instrumental in Afghanistan’s development project, he represented India at the Commission of Social Development, United Nations in 2001. He has published articles in various reputed journals and has to his credit seven books