India is an open economy, and the dynamics of it can be witnessed from the inflation and deflation of the rupee value in the market. This comprehensive book on Indian Economy shows how it behaves, and how its parameters are weighed and analyzed vis-à-vis the macroeconomic theories. This book attempts to make a more complete and clearer presentation of the basic models of macroeconomics principles, and their effect on India’s current economic conditions. International Monetary Fund (IMF) thrusted upon New Economic Policy in India, which aims at leaving the allocation of resources entirely to the market forces deriving its rationale from neoclassical macroeconomics. This neoclassical macroeconomics is dealt with in a proper perspective in the book. Part I presents the basic models of open economy macroeconomics, and Part II applies them to explain India’s recent macroeconomic performance. The book also assesses India’s current fiscal policy, monetary policy and the policy of forcible land acquisition for promotion of modern industry. The book is designed as a reference for the undergraduate and postgraduate students of Economics

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 lucid and concise overview of India’s macroeconomy presents a comprehensive assessment of governmental policies and measures crucial to economic growth and stability. Thematically structured, the book discusses the demand- and supply-side factors affecting India’s economy, poverty and inequality projecting remedial measures, fiscal and monetary policy, budget constraints, unemployment and inflation, the post-liberalization era and its effects on the labour and capital markets, future reforms in the economy, and trade and external sector. Grounded in the Indian context with extensive case studies, illustrations, and examples, it relates economic theories to real-world economics.

Provides a lucid and novel introduction to macroeconomic issues and introduces an alternative approach of understanding macroeconomics, which is inspired by the works of Adam Smith, David Ricardo, Karl Marx, John Maynard Keynes, and Piero Sraffa. It also presents the reader with a critical account of mainstream marginalist macroeconomics.

The revised edition of this highly acclaimed work presents crucial lessons from Japan's recession that could aid the US and other economies as they struggle to recover from the current financial crisis. This book is about Japan's 15-year long recession and how it affected current theoretical thinking about its causes and cures. It has a detailed explanation on what happened to Japan, but the discoveries made are so far-reaching that a large portion of economics literature will have to be modified to accommodate another half to the macroeconomic spectrum of possibilities that conventional theorists have overlooked. The author developed the idea of yin and yang business cycles where the conventional world of profit maximization is the yang and the world of balance sheet recession, where companies are minimizing debt, is the yin. Once so divided, many varied theories developed in macro economics since the 1930s can be nicely categorized into a single comprehensive theory- The Holy Grail of Macro Economics

This book is a collection of fifteen contributions that undertake a detailed analysis of seven broad dimensions of India’s economy and society. All the contributions approach the problems in their respective areas empirically, while being theoretically informed. The book begins with a section containing detailed and empirically supported chapters on the recent crisis in India’s agricultural sector and the reforms in the agricultural markets. Another section is dedicated to the issue of infrastructure financing, and new ways of financing large infrastructural projects are critically examined. Other sections are related to innovations and technology impacts on industry; international trade; health and education; labor and employment; and the very important issue of gender. The selected discussion topics are both of contemporary importance and expected to remain so for some time. Most of the chapters introduce readers to data in addition to methods of analyzing this data, to arrive at policy-oriented conclusions. The rich collection carries learnings for researchers working on a wide range of topics related to development studies, as well as for policymakers and corporate watchers.

Written over the last fifteen years, the essays in this volume engage with the problems and policy debates related to different aspects of macroeconomic developments in India's transition from a planned economy to a market-oriented one.

An excellent primer for students wanting to learn macroeconomics and policymaking - Kaushik Basu An important and timely contribution to our understanding of the Indian economy - Raghuram Rajan How to maintain financial stability in India? Quest for Restoring Financial Stability in India is a classic work to understand this critical subject. In this Penguin edition, with a new introduction, Viral V. Acharya, former Deputy Governor of RBI offers a concrete road map for comprehensive improvement of India's economy. Authoritative and definitive, this is a must read for the students and scholars of Indian economy, policymakers and anyone interested in India's finance sector.

This comprehensive and extensively researched study deals primarily with the economic, business and management models from the Indian perspectives. The third edition of the book presents updated details, latest data and new information obtained from authentic sources in order to understand the topics discussed. It provides detailed information collected from field studies undertaken in different industrial and business centres across the country. The details contained in the book have been obtained from various empirical and research studies and reputed national and international sources. The author contends that India remained a strong economic, business and management power for most of the time in history, and the country has the potential to achieve the premier status even today. He gives masterly analysis of not only the Indian economic, business and management models, but also the popular economic, business and management models of the other countries. The author asserts that a paradigm shift in thinking is urgently needed to understand the ground realities and the functioning Indian systems, so that the country could be taken forward with the necessary orientation and suitable policies. Intended primarily for the postgraduate students of Management, the book would also be useful to the students of Economics and Commerce, as well as to the professionals interested in the study of the Indian economy, business and management from the Indian perspectives. KEY FEATURES : A unique presentation of the Indian economic environment and its functioning models since the ancient periods. Comparative study of the Eastern and Western business models giving a holistic view of the subject. Historical development of the Indian management systems and the Western theories with details of contemporary management practices. Text reinforced with plenty of data to validate the concepts and a large number of examples and case studies to illustrate the concepts discussed. Updated with the latest data, recent developments and new information.

In this book, the author critically examines the standard explanations for the causes and consequences of black income generation. His analysis lays bare the pernicious effects of black income on the macroeconomy and the resultant inefficiency, waste in the economy and society.