The Oxford Companion to Economics in IndiaKaushik Basu As we get into the twenty-first century, the concept of the Indian economy has come to encompass a mind-boggling array of topics, phenomena, and complexities. Understanding Indias economy is not just an intellectual challenge, but, with the country emerging as a major global economy, also a requirement. This unique volume, the first comprehensive resource of its kind on the contemporary Indian economy, aims to address this need. Culled from the collective wisdom and experience of 200 distinguished contributors, including economists, business leaders, policymakers, and analysts, it collates facts with contemporary thinking on the Indian economy, to provide an accessible account of the diverse range of themes and issues relevant to India today. The more than 200 entries cover the evolution of the Indian economy from relative obscurity to an emergent global force, from the Hindu rate of growth to its recent surge. They span the recent cover stories of Indias phenomenal growth, leadership in software and information technology, and outsourcing success, and also document the backwatersthe widespread poverty, farmer suicides, child labour, and the large and impoverished informal sector that houses a majority of Indias labour force. |
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agricultural Andhra Pradesh areas assets average banks business cycle capital cent of GDP central government centre changes companies competition consumption corporate costs Dalits debt decades decline deficit Delhi developing countries domestic effect employment equity exchange rate expenditure exports firms fiscal foreign exchange foreign exchange market funds global Government of India growth rate higher households impact important improved income increase Indian economy industry inequality infrastructure institutions interest rates investment issues Karnataka Kerala labour land Maharashtra major migration million monetary Mumbai National output patent period poor population poverty poverty line Pradesh problem production programmes public sector Rajasthan reforms regulation revenue role rural schools share significant social subsidies Survey trade urban Uttar Pradesh wage West Bengal women workers World Bank