Facets of India's Economy and Her Society Volume II: Current State and Future Prospects

Description

‘Jha is the right scholar and economist to take readers through the development of the Indian economy. Readers will be in good hands.’ —Edmund Phelps, Columbia University, USA, and winner of the 2006 Nobel Prize in Economics ‘This is perhaps the best and most scholarly contribution to understanding the Indian Economy and Society. Its rich historical perspective and a profound understanding of how India has evolved into a major economic power set standards of scholarship and analytical rigour that will be hard to surpass". —Raghav Gaiha, University of Manchester, UK ‘Linking of economy and society is increasingly recognised as essential for addressing policy challenges by the current phase of globalisation. As such this study should be valuable not just for those studying India, but also for those interested in global developments.’ —Mukul Asher, National University of Singapore, Singapore ‘This book is a tour-de-force review of the fundamental topics on the Indian political economy and society that are relevant for any committed social scientist to be aware of.’ —Sumit K. Majumdar, University of Texas at Dallas, USA This two-volume work provides an account of how India has been meeting its myriad of economic, political and social challenges and how things are expected to evolve in the future. Despite enormous challenges at the time of independence, India chose to address them within a secular, liberal, democratic framework, which guaranteed several fundamental rights. Challenges included intense mass poverty and hunger, very poor literacy and educational abilities of the population, the task of uniting a country with scores of languages and ethnicities ruled by different entities for decades and persistent threats of external aggression, to name just a few. Over time, incomes and opportunities have expanded enormously and India has regained her self-confidence as a nation. In this first volume, Jha presents a long view of the performance of the Indian economy and discusses key aspects of India’s population, land and labor. In addition, the Indian Constitution and basic structure of governance are analysed within the context of major economic and political developments in independent India. Front Matter ....Pages i-xx Front Matter ....Pages 1-1 Introduction and the State of Indian Agriculture (Raghbendra Jha)....Pages 3-33 Trends and Prospects for India’s Manufacturing Sector (Raghbendra Jha)....Pages 35-60 India’s Service Sector (Raghbendra Jha)....Pages 61-80 Front Matter ....Pages 81-81 India’s Recent Engagement with the Global Economy: Trade, Investment, Remittances and the Diaspora (Raghbendra Jha)....Pages 83-118 Regional Inequality and Indirect Tax Reform in India (Raghbendra Jha)....Pages 119-148 Education and Health Services in India: A Brief Overview (Raghbendra Jha)....Pages 149-180 An Overview of the State of the Environment in India (Raghbendra Jha)....Pages 181-206 Front Matter ....Pages 207-207 Women’s Issues in India (Raghbendra Jha)....Pages 209-232 Intercommunity Relations in India (Raghbendra Jha)....Pages 233-257 Looking Ahead: Prospects for India (Raghbendra Jha)....Pages 259-284 Back Matter ....Pages 285-301