Overview

The growth rate of the Indian economy has plummeted sharply from 9 per cent in 2010 to below 5 per cent over 2012−14. It is essential to sustain a growth rate of 8 per cent or more over the next 20 years to eliminate poverty and reach a decent standard of living. There is an urgent need for research on the challenges facing India in reviving and sustaining high rates of economic growth, some of which are related to industrial policy, trade policy, infrastructure bottlenecks, inflation and macroeconomic issues, governance issues, demography and human capital. There is also a need for better industrial and human resource policies, higher investment and savings rates, higher exports and foreign investment inflows. This book studies the importance of growth, the role of industrial policy in sustaining it, and other critical issues regarding ways to revive and sustain higher growth in India across various sectors of the economy.

Full Product Details

Author:   Pradeep Agrawal (Institute of Economic Growth, Delhi)
Publisher:   Cambridge University Press
Imprint:   Cambridge University Press
Dimensions:   Width: 15.70cm , Height: 4.00cm , Length: 23.50cm
Weight:   0.880kg
ISBN:  

9781107181953

ISBN 10:   110718195
Pages:   554
Publication Date:   08 November 2017
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   To order  
Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us.

Table of Contents

Preface Pravakar Sahoo; Introduction Pradeep Agrawal; Part I. Ensuring Macroeconomic Stability for Sustaining High Growth Rates: 1. Propagation mechanisms of inflation in India: an empirical investigation Ashima Goyal; 2. Managing food price inflation in India: demand projections and supply considerations Pradeep Agrawal; Part II. Promoting Industrial Development for Sustaining High Growth Rates: 3. Economic complexity as a determinant of industrialization of countries: the case of India Emanuele Pugliese, Guido L. Chiarotti, Andrea Zaccaria and Luciano Pietronero; 4. China's manufacturing success: lessons for India Pravakar Sahoo and Abhirup Bhunia; 5. Sustaining India's manufacturing sector growth in the face of increasing competition from Chinese imports Bishwanath Goldar and Yashobanta Parida; Part III. The International Economic Issues and Sustaining High Growth: 6. Global recession and Eurozone debt crisis: impact on exports of India and China Pami Dua and Divya Tuteja; 7. Changing global trade regime and emergence of mega FTAs: strategy for India's external sector sustainability Geethanjali Natraj, Abhirup Bhunia and Garima Sahdev; 8. Economic impact of foreign capital inflows in emerging Asia Pradeep Agrawal and Durairaj Kumarasamy; 9. FDI outflows from the BRIC countries: impact on domestic capital formation Nandita Dasgupta; Part IV. Infrastructure Bottlenecks to Sustaining High Growth: 10. Infrastructure, human capital and growth: a quantitative analysis for India Pradeep Agrawal; 11. Elementary education in India: a study of accessibility and quality Indrajit Bairagya and Radhika Saraf; 12. Education and economic growth – a comparative study of China and India Lakshmi K. Raut; Part V. Some Socio–Political Issues in Sustaining High Growth: 13. Demographic dividend and economic growth in India William Joe, Atish Kumar Dash and Pradeep Agrawal; 14. Social cohesion and uncertainties in economic growth: a pre- and post-reform analysis of India Tapas Mishra, Sushanta Mallick, Mamata Parhi and Prashant Gupta; 15. Does openness and democracy reduce corruption: results for South Asian nations and India Rukmani Gounder and Shrabani Saha; 16. Regional dynamics of rural credit and growth in India: exploring nonlinearity and convergence in growth patterns Sushanta Mallick, Banikanta Mishra and Tapas Mishra.

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Author Information

Pradeep Agrawal is the Reserve Bank of India (RBI) Chair Professor of Economics, and Head of the RBI Endowment Unit at the Institute of Economic Growth, New Delhi, where he has been the Officiating Director. He has also been the Director of the Research Center and Associate Dean of Research at the Kazakhstan Institute of Economics, Management and Strategic Research. Professor Agrawal's interests span economic growth and development; macroeconomics and financial markets; international economics; industrial economics; and applied econometrics. He has published extensively in international and national journals.

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