This handbook presents a comprehensive study of the post-reform Indian economy, three decades after the economic liberalization started in the early 1990s.
It studies the broad range of changes that were introduced in the reforms era, assessing their impact on sectors like manufacturing, agriculture, banking and finance, among others. It also assesses the performance of these sectors amid globalization and the socio-economic shifts in the country. The volume evaluates the contribution of the reforms to social transformation, social inclusion, sustainability and human development, and deliberates on the gains, blind spots and limitations. With contributions from scholars across the country, case studies and comparative analyses that draw on data analysis, econometric evidence and historical sensibility, this is an authoritative volume on the reforms of the 1990s and their impact on the Indian economy and people.
Topical and the first of its kind, the book will be a useful resource for scholars and researchers of economics, development studies, political economy, management studies, public policy and political studies.
Table of Contents
India After a Quarter Century of Economic Reforms: An Introduction Part I: Agrarian Reforms and Agriculture 1. Agriculture and Rural Labour Markets in India 2. Agricultural Growth and Distress in the Post-liberalization Era 3. Agriculture Nutrition Linkages in India 4. Agrarian Transition and Redistributive Land Reform in the Neo-Liberal Phase of Indian Economy 5. Assessing the Impact of Infrastructure Quality on Agriculture in Karnataka Part II: Reforms and Manufacturing Sector 6. Economic Reforms and Manufacturing Sector Growth: Need to Re-configure the Industrialisation Model 7. Impact of Trade Reforms on Labour Income Share in Indian Manufacturing 8. Trade Reforms and the Pattern of Specialisation of India’s Manufacturing Exports: A Relook 9. Service Trade Liberalization and Manufacturing Labour Productivity: Post-reform State Level Evidence from India 10. Trade Liberalisation and Export Competitiveness of Indian Manufacturing Sector: An Empirical Study Part III: Money, Banking and Finance 11. Terms of Reference of the Fifteenth Finance Commission: Use of 2011 Population and Horizontal Inequality 12. Dynamics of Globalisation and Inflation in Post-reform India 13. Financialisation of Non-financial Corporations in India: An Empirical Investigation between the 1990 and 2014 14. Emergence of Shadow Banking in India in the Post-liberalisation Phase: Evaluating the Systemic Risks with a Case study of a Gold Loan NBFC Part IV: Trade, FDI and R&D 15. Bilateral Investment Treaties and Outward FDI from India 16. The Impact of Technological Heterogeneity in Determining FDI Spillovers on Export Performance of Indian Manufacturing Firms 17. Trade Liberalization and Technological Spillovers in the Indian Pharmaceutical Industry: 1999-2014 18. Non-tariff Measures and Policy Reforms for India’s Agri-food Exports: Are Doing Business Induced Reforms Distractive? 19. Economic Liberalisation and the Development of Molecular Diagnostics Industry in India: An Innovation System Perspective Part V: Food Security and Human Development 20. Economic Reforms, Undernutrition and Public Provisioning of Food 21. Targeting Policy of Public Distribution System in the Post-Reform Period: A Comparative Study of Tamil Nadu and West Bengal 22. Market in Education in the Post Reform Era: The case of Private Tuition in India 23. Determinants and Prediction of Human Development Index in India: Measurements and Methodological Issues Part VI: Growth and Employment 24. Dynamics of Economic Growth in the last Three Decades: An Assessment from India’s North Eastern Region 25. Quarter Century of Economic Reforms: Transformation of the Occupational Structure in Rural India 26. Oil Prices and Employment in the Transport Sector: Evidence from India 27. Nexus between Trade Liberalization, Gender and Employment– with a Special Reference to India’s Plantation Sector
Rajesh Raj S. N. is Associate Professor at the Department of Economics, Sikkim University, Gangtok, India. His research spans Industrial Economics, Firm Dynamics, Efficiency and Productivity Analysis and Informal Labour. He is Associate Editor of the Journal of South Asian Development. His books include Out of the Shadows? The Informal Manufacturing in Post-Reform India and Small Firm Ownership and Credit Constraints in India. He is a co-editor of Productivity in Indian Manufacturing: Measurement, Methods and Analysis. He is the recipient of the Dr. V K R V Rao Prize in Economics for the year 2014 by the ISEC, Bangalore, and ICSSR, New Delhi.
Komol Singha is Associate Professor at the Department of Economics, Sikkim University, Gangtok, India, where he teaches development economics. His research interests broadly cover Development Economics, Institutional Economics, Social Sector, etc. Prior to this present institution, he was with the Institute for Social and Economic Change, Bengaluru.
‘This book offers a significant contribution towards understanding the gains, limits and limitations of India's economic policies since 1991. The volume, with generous inputs from leading scholars, is an excellent guide for academics and practitioners alike. The papers included in this volume review the role of these policies towards social inclusion and social transformation. They also discuss new ideas that can help India fight poverty and inequality and embark on the path of growth and sustainability.’
Kunal Sen, Director, UNU-WIDER and Professor of Development Economics, University of Manchester
‘Rajesh Raj S.N. and Komol Singha have put together a must-read handbook for understanding the ongoing economic policy changes and their complex consequences that India has undertaken over the last thirty years. Integrating 27 original articles by 37 authors, it covers the broad and particular across the spectrum of the Indian economy. Essential reading for all those who are interested in India’s economic and social development since 1991.’
Ira Gang, Professor of Economics, Department of Economics, Rutgers University, USA