Changing the Indian Economy

Description

Changing the Indian Economy: Renewal, Reform and Revival explores the fact that post-Modi India is witnessing unprecedented socioeconomic change, truly labeled as Modi’s Mantra and his attempts to morph the Indian economic landscape. India is using an intelligent economic process for its renewal and growth, however, in a recent study by Nomura, 2016, The Japanese Financial Services firm, it is reported that there is downside risk to India’s baseline forecast of 7.8 per cent GDP growth in 2016. Although the report suggests that there was a mid-cycle consolidation in mid-2014, the recovery seems to be losing momentum.

This book offers a novel, but inclusive outlook to the entire post-Modi economic overhaul.

Offers a comprehensive narrative of the current economic scene in India
Explores how the measures for reform are intelligent, while also considering their weaknesses
Shows how India has a strong potential to grow amidst diversity of economic reforms and changing governance
Includes a compilation of insightful articles on Indian economic reform and future prospects

Cover 2
Title Page 5
Copyright Page 6
Contents 7
List of Contributors 11
Preface 13
Chapter 1 - Political Economy of Resources and Infrastructure in India 15
- 1 - Problems with land acquisition 15
- 2 - Impact on industry 16
- 3 - Impact on the power sector 19
  - 3.1 - Impact of Mining 20
  - 3.2 - Impact on Connectivity 24
- 4 - Problems with water resources 27
  - 4.1 - PPPs and the Financial Sector 29
- References 32

Cover 2
Title Page 5
Copyright Page 6
Contents 7
List of Contributors 11
Preface 13
Chapter 1 - Political Economy of Resources and Infrastructure in India 15
- 1 - Problems with land acquisition 15
- 2 - Impact on industry 16
- 3 - Impact on the power sector 19
  - 3.1 - Impact of Mining 20
  - 3.2 - Impact on Connectivity 24
- 4 - Problems with water resources 27
  - 4.1 - PPPs and the Financial Sector 29
- References 32
- 5 - Conclusion 32
- Further Readings 33
Chapter 2 - India’s Exports Through the Lens of Diversification 35
- 1 - Introduction 35
- 2 - India’s exports over the last 2 decades 37
- 3 - Diversification and trade 39
- 4 - India’s exports and its trading partners 41
- 5 - Diversity of the commodity basket 44
- 6 - Conclusion 48
- References 49
Chapter 3 - The Multiplier Effect of Developmental and Non-developmental Expenditure in India 51
- 1 - Introduction 51
- 2 - Review of the literature 52
- 3 - Data and methods 55
- 4 - Results 57
- 5 - Discussion and conclusions 62
- Appendix: Hodrick–Prescott filter 64
- References 65
- Further Reading 67
Chapter 4 - Failing to Learn: India’s Schools and Teachers 69
- 1 - Introduction 69
- 2 - India’s learning outcomes 70
  - 2.1 - Literacy, Drop-Out Rates and Not-in-School Children 70
  - 2.2 - Learning 72
- 3 - How to improve learning? 74
  - 3.1 - Private Versus Public Schools 75
  - 3.2 - Teacher Incentives and Student Performance 79
  - 3.3 - Early Learning (Head Start) 82
- 4 - Demand-side issues 84
- 5 - New education policy and concluding remarks 87
- References 87
- Further Reading 89
Chapter 5 - Indian Industry: Performance, Problems and Prospects 91
- 1 - Background 91
- 2 - The importance of industry 92
  - 2.1 - Economic Development and Industry 92
  - 2.2 - The Indian Context 94
- 3 - Performance 96
  - 3.1 - Growth Rates 96
  - 3.2 - Output and Employment Shares 98
    - 3.2.1 - Output Shares 98
    - 3.2.2 - Employment Shares 100
  - 3.3 - Contribution to Aggregate Productivity and Structural Transformationo 102
  - 3.4 - Small-Scale Industry 104
- 4 - Factors responsible for the poor performance of industry 106
  - 4.1 - Independent India’s Development Strategy and Policies 106
    - 4.1.1 - Controls Over Foreign Exchange and Imports 108
    - 4.1.2 - Public Sector Expansion 109
    - 4.1.3 - Private Industry and Market Regulations 110
    - 4.1.4 - Small Industry Policy 111
    - 4.1.5 - Impact on Industrial Performance 112
    - 4.1.6 - Policy Reform 114
  - 5 - Summary and concluding remarks 116
  - References 119
  - Further Reading 121
- Chapter 6 - Civil Society Matters: India in Continuity 123
  - 1 - Introduction 123
  - 2 - Civil society: an account 124
  - 3 - Civil society and reforms: a remaking 126
  - 4 - Governance and policy: Civil society organisations 133
    - 4.1 - Governance Through Participatory Policy-making 134
    - 4.2 - Sensitising Civil Society Stakeholders 135
    - 4.3 Inclusive Functionality 135
    - 4.4 Welfare Optimisation 136
    - 4.5 Joining Executive, Judiciary, Media and Legislative Parallax 137
    - 4.6 Symbiotic Faith 138
    - 4.7 Environmental Commitments 139
  - 5 - Conclusion 140
  - References 141
- Chapter 7 - Socioeconomic Reforms and Responsive Government: An Indian Perspective 143
  - 1 - Introduction 143
  - 3 - National system of innovation 145
  - 2 - Socioeconomic challenges: engaging corporations 145
  - 4 - Infrastructure, industry and innovation 146
  - 5 - Energy for all 148
  - 6 - Poverty reduction 148
  - 7 - Good Health and well-being 149
  - 8 - Employability and economic growth 150
  - 9 - Clean water and sanitation 151
  - 10 - Educating and protecting young girls 152
  - 11 - Conclusions 153
  - References 153
  - Further Reading 154
- Chapter 8 - Sectoral Approaches to Skills for Green Jobs in India 155
  - 1 - Introduction 155
  - 2 - Sustainable economic growth through green jobs in India 156
  - 3 - National Skill Development Corporation 157
  - 4 - Green jobs and skill demand in India 158
  - 5 - Best practices and the Indian scenario 160
  - 6 - Skill council for green jobs 162
  - 7 - Strengthening industry connections 164
  - 8 - Conclusion 164
  - References 165
  - Further Reading 167
- Chapter 9 - India’s New Bilateral Investment Treaty: Expansions, Inclusions and Exclusions 169
  - 1 - Introduction 169
  - 2 - Global trends in iias and india’s bit 171
    - 2.1 - Evolution of Foreign Investment Regime in India 172
  - 3 - The new model bit: expansions, inclusions and exclusions 173
  - 4 - Benchmarking bit with other iias 177
  - 5 - Challenges to the new bit and the way forward 180
  - References 182
  - Further reading 182
- Index 183
- Back cover 187

Author's affiliation

Chris Rowley: Director of Research and Publications, HEAD F

Renewal, Reform and Revival

Description

TOC

Reviews (0)

Author's affiliation