The subject of India's rapid growth in the past two decades has become a prominent focus in the public eye. A book that documents this unique and unprecedented surge, and addresses the issues raised by it, is sorely needed. Arvind Panagariya fills that gap with this sweeping, ambitious survey. India: The Emerging Giant comprehensively describes and analyzes India's economic development since its independence, as well as its prospects for the future. The author argues that India's growth experience since its independence is unique among developing countries and can be divided into four periods, each of which is marked by distinctive characteristics: the post-independence period, marked by liberal policies with regard to foreign trade and investment, the socialist period during which Indira Ghandi and her son blocked liberalization and industrial development, a period of stealthy liberalization, and the most recent, openly liberal period. Against this historical background, Panagariya addresses today's poverty and inequality, macroeconomic policies, microeconomic policies, and issues that bear upon India's previous growth experience and future growth prospects. These provide important insights and suggestions for reform that should change much of the current thinking on the current state of the Indian economy. India: The Emerging Giant will attract a wide variety of readers, including academic economists, policy makers, and research staff in national governments and international institutions. It should also serve as a core text in undergraduate and graduate courses that deal with Indias economic development and policies.

The book examines how corruption is viewed in theoretical and empirical literature and how various macro- and micro-level approaches have been followed to study the issue. It offers an inter-country comparison of corruption, indicating the role of governance in the context of growth. The volume attempts to work out the extent of understatement of personal income, resulting in the loss of government revenue from personal income tax. It also examines the impact of corruption on performance, and studies determinants of bribery in an attempt to understand why some firms pay bribes while others do not, despite being subject to the same macroeconomic environment, policy and regulations.

Contributed articles presented at a conference held in 1996.

Openness has affected neither poverty nor inequality adversely. When surveyed, people in disproportionately large volumes from all groups say that their fortunes are improving. The essays in this volume show that trade oppenness has helped reduce poverty among most social groups.

Two of the worlds' most prominent development economists argue that public involvement is required in the provision of basic health care, education, and social security if economic and social advances are to be made in India. This analysis of the endemic deprivation in India is based on a broad view of economic development, focusing on human well-being and 'social opportunity' rather than on the standard indicators of economic growth. India's economic successes and failures are evaluated in the light of other countries development experiences.

India's remarkable economic growth in recent years has made it one of the fastest growing economies in the world. This Oxford Handbook reflects India's growing economic importance on the world stage, and features research on core topics by leading scholars to understand the Indian economic miracle and the obstacles India faces in transforming itself into a modern 21st-century economy.

This book explores the role of public action in eliminating deprivation and expanding human freedoms in India. The analysis is based on a broad and integrated view of development, which focuses on well-being and freedom rather than the standard indicators of economic growth. The authors placehuman agency at the centre of stage, and stress the complementary roles of different institutions (economic, social, and political) in enhancing effective freedoms.In comparative international perspective, the Indian economy has done reasonably well in the period following the economic reforms initiated in the early nineties. However, relatively high aggregate economic growth coexists with the persistence of endemic deprivation and deep social failures. JeanDreze and Amartya Sen relate this imbalance to the continued neglect, in the post-reform period, of public involvement in crucial fields such as basic education, health care, social security, environmental protection, gender equity, and civil rights, and also to the imposition of new burdens such asthe accelerated expansion of military expenditure. Further, the authors link these distortions of public priorities with deep-seated inequalities of social influence and political power. The book discusses the possibility of addressing these biases through more active democratic practice.

Taking the period following the advent of liberalization, this book explains the transition of the Indian economy against the backdrop of development. If the objective is to explore the new economic map of India, then the distinct contributions in the book could be seen as twofold. The first is the analytical frame whereby the authors deploy a unique Marxist approach consisting of the initial concepts of class process and the developing countries to address India's economic transition. The second contribution is substantive whereby the authors describe India's economic transition as epochal, materializing out of the new emergent triad of neo-liberal globalization, global capitalism and inclusive development. This is how the book theorizes the structural transformation of the Indian economy in the twenty-first century. Through this framework, it interrogates and critiques the given debates, ideas and policies about the economic development of a developing nation.

This book presents a comprehensive survey of the Indian Economy in terms of GDP growth, savings, investment and developments in various sectors such as agriculture, industry and services. A contradiction observed in India is that while the reform process has resulted in boosting GDP growth, it has failed to yield acceleration in the process of poverty reduction and growth of employment.