While this book covers several technical issues which will interest professional economist and policy-makers, it is also wholly accessible to the general reader.

This tract provides an overview of Indian economic development in the last four decades since Independence. It traces the evolution of development strategies since the 1930s, attempts to understand their rationale, their problems and contradictions. It begins with an evaluation of economic performance under planning and goes on to review the range of arguments that seek to explain the constraints on growth. It argues against the rigidities and problems of the earlier system and stresses the need for strong corrective measures to restore the economy. While the tract is emphatic about the need for reforms, it questions the assumptions which underlie the present project of liberalization and reiterates the continued need for planning and state intervention within the framework of reforms.

The National Debate About The Advisability Of Opening Up The Economy, Going In For An Imf Loan, Restructuring The Economy, Privatisation Of Public Sector Undertakings, Rationalising Tariffs And Abolishing Subsidies Etc. Is On. The Tenth Lok Sabha Has Produced A Hung Parliament After The General Elections. The Post Independent India Had Misfortune Of Having Government Going For Soft Options Resulting In Gradually Mounting Budgetary Deficits. Economic Indiscipline Has Always Been Seeking New Ebbs. This Has Pushed Up The Inflation Rate Into Double Digits. Spiralling Non-Plan And Non Productive Government Expenditure Coupled With A Slowdown In Tax And Revenue Collections Have Brought The Country To The Bsink Of Bankruptcy. The Continuing Xenomania In Approach To Foreign Investment And The Lackadaisical Attitude In Dealing With Public Sector Undertaking Has Led To Industrial Stagnation. Everyone Is Agreed That Drastic Measures Are Called For To Set The Economy Right. But Ideological Considerations And The Hangover Of 40 Years Of Planned Mixed Economy Are Holding Back Both Politicians And Bureaucrats From Taking Bold Initiatives. This Collection Of Articles Reflects The Dilemma That The Country Faces Today. Time Alone Will Tell How India Survives The Crisis.

This book is all about current economic crisis, its origin, causes, impact, world response, world economic outlook and lessons to be learnt. The focus of the work, however, is on the impact of global economic crisis on India and the policy response by the Government of India, Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI) and other agencies. Financial turmoil which surfaced in August 2007 in the US financial system -- as a result of defaults of sub-prime mortgage loans -- has blown into an unprecedented financial crisis engulfing international money, credit, equity and foreign exchange markets.

How India's COVID-19 lockdown is creating an unprecedented humanitarian disaster With the advent of COVID-19, India’s rulers imposed the world’s most stringent lockdown on an already depressed economy, dealing a body blow to the majority of India’s billion-plus population. Yet the Indian government’s spending to cushion the lockdown’s economic impact ranked among the world’s lowest in GDP terms, resulting in unprecedented unemployment and hardship. Crisis and Predation shows how this tight-fistedness stems from the fact that global financial interests oppose any sizable expansion of public spending by India, and that Indian rulers readily adhere to their guidance. The authors reveal that global investors and a handful of top Indian corporate groups actually benefit from the resulting demand depression: armed with funds, they are picking up valuable assets at distress prices. Meanwhile, under the banner of reviving private investment, India’s rulers have planned giant privatizations, and drastically revised laws concerning industrial labor, the peasantry, and the environment—in favor of large capital. And yet, this book contends, India could defy the pressures of global finance in order to address the basic needs of its people. But this would require shedding reliance on foreign capital flows, and taking a course of democratic national development. This, then, is a pursuit, not for India’s ruling classes, but a course of struggle for India's people.

Study of the crisis in the economy and of economic policy of India - covers economic theory, savings, investment, economic planning for economic growth, inflation, and the possibility of adopting a socialist system. References and statistical tables.

Papers presented at the 92nd Annual Conference of the Indian Economic Association, held at KIIT University in 2009.

India. Monograph on the short term inflation crisis, its causes and economic policy recommendations - includes supply and demand factors influencing inflation, such as fiscal policy, monetary policy, price controls, the black market, a shrinking tax base, insufficient agricultural production and industrial production, etc. Statistical tables.

After tracing the causes of the global financial crisis, the book focuses on two fundamental systemic issues connected with its manifestation: financial-sector regulation and the problem of the dollar-centric international monetary system, both of which have been widely cited among the important factors leading to the 2008 financial crisis. The important analytical question of monetary policy transmission during the crisis is discussed in depth with the help of appropriate econometric models. The effectiveness of India’s monetary policy during the crisis is examined by specifying an econometric model, and the impact of the crisis on the Indian stock market is modelled on the basis of risk-enhancing and risk-mitigating features. In closing, the impact of the crisis on real sectors of the Indian economy is analysed in detail.