The Indian Economy Since 1991, 2nd Edition

The Indian Economy Since 1991: Economic Reforms and Performance is the outcome of a collaborative effort by 28 experts who have made significant contributions in research toward the Indian economy. Using a data-based, analytical approach to key economic issues and problems, coupled with extensive co...

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Detalles Bibliográficos
Otros Autores: Prakash, B., author (author)
Formato: Libro electrónico
Idioma:Inglés
Publicado: Pearson India 2011.
Edición:2nd edition
Ver en Biblioteca Universitat Ramon Llull:https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009628004506719
Tabla de Contenidos:
  • Cover
  • Contents
  • List of Tables
  • List of Figures
  • Foreword
  • Preface
  • About the Editor and Contributors
  • Chapter 1: Overview
  • Chapter 2: Economic Reforms and Performance of Indian Economy
  • 2.1 Introduction
  • 2.2 Economic Policy Framework and Economic Reforms in India
  • 2.2.1 Economic Policy Framework: Theoretical Issues
  • 2.2.2 Economic Policies During the Pre-Reform Period
  • 2.3 Structural Adjustment Reforms in India
  • 2.4 Performance of Indian Economy
  • 2.4.1 Economic Growth
  • 2.4.2 Structural Change
  • 2.4.3 Savings and Investment
  • 2.4.4 Inflation
  • 2.4.5 External Sector
  • 2.4.6 Employment
  • 2.4.7 Unemployment
  • 2.4.8 Poverty
  • 2.5 The Emerging Issues of the Economy
  • 2.5.1 Agriculture
  • 2.5.2 Backwardness of Rural Areas
  • 2.5.3 Infrastructure
  • 2.5.4 Education, Health and Public Services
  • 2.5.5 External Sector
  • 2.5.6 Unemployment
  • 2.5.7 Poverty
  • 2.6 Conclusions
  • References
  • Chapter 3: Global Economic Crisis and Indian Economy
  • 3.1 Introduction
  • 3.2 The Global Financial and Economic Crisis
  • 3.3 The Impact of Global Crisis on Indian Economy
  • 3.3.1 Macro Economy
  • 3.4 Industry
  • 3.5 External Sector
  • 3.6 Crude Oil Prices
  • 3.7 Stock Market
  • 3.8 Policy Measures and Revival of Indian Economy
  • 3.8.1 Policy Measures
  • 3.8.2 Revival
  • 3.9 Conclusion
  • References
  • Chapter 4: Demographic Changes in India
  • 4.1 Introduction
  • 4.2 Population Size and Growth
  • 4.3 Sex Ratio
  • 4.4 Population Density
  • 4.5 Average Household Size
  • 4.6 Urbanization
  • 4.7 Literacy and Employment
  • 4.8 Mortality and Life Expectancy
  • 4.9 Fertility
  • 4.10 Age Structure
  • 4.11 Religious Composition
  • 4.12 Household Assets
  • Chapter 5: Trends and Patterns of Employment in India
  • 5.1 Introduction
  • 5.2 Concepts and Defi nitions (NSSO)
  • 5.2.1 Definitions Used in the Study.
  • 5.3 Worker Population Ratio
  • 5.4 Growth and Structure of Employment
  • 5.4.1 Structure of Employment
  • 5.4.2 Rural Employment
  • 5.4.3 Urban Employment
  • 5.4.4 Self-Employed, Regular Employed and Casual Labour
  • 5.5 Characteristics of Employment and Wage Rate
  • 5.5.1 Age Composition of Workers
  • 5.5.2 Education Level of Workers
  • 5.5.3 Wage Rate
  • 5.6 Conclusion
  • References
  • Chapter 6: Trends and Characteristics of Unemployment in India
  • 6.1 Introduction
  • 6.2 Definitions of National Sample Survey Organization
  • 6.2.1 Definitions of Unemployed
  • 6.2.2 Unemployment Rate
  • 6.2.3 Definitions Used in the Study
  • 6.3 Trends in Unemployment in the Pre-and Post-Reform Period
  • 6.4 Unemployment Situation in India
  • 6.5 Categories of Unemployed
  • 6.5.1 Youth
  • 6.5.2 Educated Unemployed
  • 6.5.3 Rural Agricultural Households
  • 6.6 Conclusion
  • References
  • Chapter 7: Economic Planning in India
  • 7.1 History of Planning
  • 7.2 Planning Process in India
  • 7.3 Economic Planning in India: An Evaluation
  • 7.3.1 First Five Year Plan (1951-56)
  • 7.3.2 The Second Five Year Plan (1959-61)
  • 7.3.3 The Third Five Year Plan (1961-66)
  • 7.3.4 Annual Plans (1966-69)
  • 7.3.5 The Fourth Five Year Plan (1969-74)
  • 7.3.6 The Fifth Plan (1974-79)
  • 7.3.7 The Sixth Five Year Plan (1980-85)
  • 7.3.8 The Seventh Five Year Plan (1985-90)
  • 7.3.9 The Eight Five Year Plan (1992-97)
  • 7.3.10 The Ninth Five Year Plan (1997-2002)
  • 7.3.11 Tenth Five Year Plan (2002-07)
  • 7.3.12 Approach to Eleventh Five Year Plan (2007-12)
  • Reference
  • Chapter 8: Financial Liberalization and Corporate Financing in India
  • 8.1 Introduction
  • 8.2 The Pre-Reform Framework of Financial Repression
  • 8.3 Financial Liberalization: Some Facts
  • 8.3.1 Reduction in Reserve Requirements
  • 8.3.2 Interest Rate Liberalization.
  • 8.3.3 Prudential Reforms and Institutional Strengthening
  • 8.3.4 New Instruments
  • 8.3.5 Capital Market Liberalization
  • 8.3.6 Funds Through Foreign Investment
  • 8.4 Financial Liberalization and Corporate Financing
  • 8.5 Stock Market and Resource Mobilization
  • 8.5 Conclusion
  • Endnotes
  • References
  • Chapter 9: Finances of the Central Government (1991-2010)
  • 9.1 The Structure of Government Finances
  • 9.1.1 Structure of Government Finances
  • 9.2 Trends in Revenue of the Central Government
  • 9.2.1 Division of Powers and the Objectives of Taxation
  • 9.2.2 Composition of Tax Revenues
  • 9.2.3 Reforms of the Tax system
  • 9.2.4 Trends in Tax Revenues
  • 9.2.5 Trends in Non-Tax Revenue
  • 9.3 Changing Composition of Public Expenditure
  • 9.3.1 Composition of Expenditure
  • 9.3.2 Change in the Composition of Plan Expenditure
  • 9.3.3 Non-Plan Expenditure
  • 9.3.4 Subsidies
  • 9.3.5 Salaries and Pension
  • 9.3.6 Resource Allocation and Use
  • 9.3.7 Reforming Government Expenditure
  • 9.4 Fiscal Policy and Fiscal Responsibility
  • 9.5 The Global Financial Crisis and the Fiscal Response
  • 9.5.1 Fiscal Measures
  • 9.5.2 Observations
  • Endnotes
  • References
  • Chapter 10: Monetary and Credit Policy Reforms in India
  • 10.1 Introduction
  • 10.2 MCP in the Pre-Reform Period
  • 10.2.1 Administered Interest Rate Regime
  • 10.2.2 High Statutory Preemptions and Monetization of Fiscal Deficit
  • 10.2.3 Prominence of Credit Channel in Transmission Mechanism
  • 10.3 Reforms in Monetary and Credit Policy
  • 10.3.1 Objectives in the Post-Reform Period
  • 10.3.2 Elimination of Automatic Monetization of Deficit
  • 10.4 Reduced Dependency on CRR and SLR
  • 10.5 Interest Rate Liberalization
  • 10.6 Credit Policy Reforms
  • 10.6.1 Deregulation of Directed Credit
  • 10.6.2 Regulatory Reforms
  • 10.6.3 Measures to Mitigate Non-Performing Loans (NPLs).
  • 10.6.4 Diversification of Risk
  • 10.6.5 Credit Information Bureaus
  • 10.7 New Indirect Instruments of Monetary Policy
  • 10.7.1 Instruments to Improve Short-Term Liquidity
  • 10.7.2 Liquidity Adjustment Facility
  • 10.7.3 Open Market Operations
  • 10.7.4 Market Stabilization Scheme
  • Endnotes
  • References
  • Chapter 11: Capital Market in the Post-Liberalization Period: Reforms and Emerging Trends
  • 11.1 Introduction: The Central Issue of Resource Allocation
  • 11.1.1 Gains of Efficient Resource Allocation
  • 11.2 Stock Market and Economic Growth
  • 11.2.1 The Role of Stock Market
  • 11.2.2 Securities Market in India: A Profile
  • 11.2.3 Resource Allocation in the Pre-Reform Period
  • 11.2.4 Resource Mobilization in the Post-Reform Period: Structural Changes
  • 11.2.5 Reforms in the Indian Capital Market: Post 1991
  • 11.2.6 Market Pricing of Issues
  • 11.2.7 Empowering the Regulatory Body, SEBI
  • 11.2.8 Open Electronic Limit Order Book Market and Screen-Based Trading
  • 11.2.9 Extension of Markets: Countrywide Integrated Markets
  • 11.2.10 Clearinghouse System
  • 11.2.11 Depository Services
  • 11.2.12 Rolling Settlement
  • 11.2.13 Derivatives Trading
  • 11.2.14 Capital from Abroad: GDRs and ADRs
  • 11.2.15 Foreign Portfolio Investment (FPI)
  • 11.2.16 Book Building
  • 11.2.17 Corporatization of Stock Exchanges
  • 11.2.18 Risk Management
  • 11.2.19 Other Reforms
  • 11.3 Impact of Reforms
  • 11.4 Post-Reform Trends
  • 11.4.1 Big Leap in Resource Mobilization
  • 11.4.2 Stock Market Efficiency: Reduction in Transaction Costs
  • 11.4.3 Efficient Risk Management
  • 11.4.4 Excessive Volatility
  • 11.4.5 Domination by FIIs
  • 11.5 Conclusion
  • Endnotes
  • References
  • Chapter 12: Inflation in India
  • 12.1 Introduction
  • 12.2 Conceptual and Theoretical Issues
  • 12.2.1 Demand Inflation
  • 12.2.2 Supply Inflation or Cost Inflation.
  • 12.2.3 Inflation Measures in India
  • 12.3 History of the WPI in India
  • 12.4 Trends in Inflation
  • 12.4.1 Wholesale Price Index
  • 12.4.2 Consumer Price Indices
  • 12.5 Conclusion
  • References
  • Chapter 13: External Sector Reforms in India
  • 13.1 Introduction
  • 13.2 External Sector Reforms: Some Historical Antecedents
  • 13.2.1 Import Substitution
  • 13.2.2 Export Promotion
  • 13.2.3 The 1991 Crisis
  • 13.3 Trade Policy Reforms
  • 13.3.1 Exchange Rate Reform and Current Account Convertibility
  • 13.3.2 Capital Account Convertibility
  • 13.3.3 Import Liberalization
  • 13.3.4 Export Liberalization
  • 13.3.5 Liberalization of Capital Flows
  • 13.4 Conclusion
  • Endnotes
  • References
  • Chapter 14: Trends and Patterns of Merchandise Exports and Imports of India in the Post-Liberalization Era
  • 14.1 Introduction
  • 14.2 Policy Changes in the 1990s
  • 14.3 India and Global Trade
  • 14.4 Export-Import and Trade Balance as Percentage of GDP
  • 14.5 Growth Rate of Export and Import
  • 14.6 Composition of Exports
  • 14.6.1 Export Commodity Basket
  • 14.7 Import Commodity Basket
  • 14.8 Direction of Trade
  • 14.8.1 Direction of Exports
  • 14.8.2 Direction of Imports
  • 14.9 Global Slowdown and India's Trade
  • 14.10 Conclusion
  • References
  • Chapter 15: Foreign Direct Investment in India in the Post-1991 Period
  • 15.1 Introduction
  • 15.1.1 Foreign Savings and Investment
  • 15.1.2 Crowding-In and Crowding-Out Impacts of FDI
  • 15.1.3 Foreign Investment and BoP in India
  • 15.2 Foreign Investment in India in the Reform Period
  • 15.3 FDI: Sources and Direction
  • 15.3.1 Sources and Origin of Foreign Direct Investment
  • 15.3.2 Direction of Foreign Direct Investment
  • 15.4 India's Share in Global FDI Inflows
  • 15.5 Conclusion
  • Annexure 15.1
  • Annexure 15.2
  • Endnote
  • References
  • Chapter 16: World Trade Organization and Indian Economy.
  • 16.1 Introduction.