Economic Reforms And Rural Development In India

Since 1991, the Indian economy has been exposed to economic liberalization and globalization in line with structural adjustment and stabilisation policies initiated by IMF and World Bank. This analysis outlines the controversial shift in Indian economic policy from State-oriented development strategy to market-oriented development that leaves decisions of production and distribution to be made by the market.

Papers presented at the National Seminar on Emerging Challenges in the Post-reform Period, held at Nilokheri during 12-13 March 2005.

The New Economic Policy (Nep) Has Been Implemented In India Since 1990 91. For The Past Fourteen Years, There Are Some Macro Economic Policy Measures Like Liberalisation, Privatisation And Globalisation (Lpg) Which Have The Positive And Negative Impact On The Indian Economy. Agriculture And Small Scale Industries Are The Backbone Of The Rural India. In Order To Analyse The Impact Of New Economic Policy On The Indian Economy, A National Level Seminar Was Organized In Our Gandhigram Rural Institute With The Assistance Of Indian Council Of Social Science Research, New Delhi. A Few Selected Papers Are Edited As A Book Entitled New Economic Policy And Rural Development . The Book Has Been Published In Two Volumes. The Volume I Highlighted The Critical Evaluation Of The New Economic Policy, Impact Of The Economic Reforms On Agriculture And Industrial Sectors. The Role Of New Economic Policy In The Promotion Of The Rural Sectors Especially In The Service Sector Are Given In The Volume Ii. The Books Will Be Much Useful To The Academicians, Researchers And Policy Makers For The Effective Implementation Of New Economic Policy In India.

This book revisits some of the persisting challenges of development of India, which remain unresolved even after twenty-five years of economic reforms and almost fifteen years of high growth rate. These include defining purpose of development, inequality, labour, work, unemployment, agrarian distress and migration. The book questions the overemphasis on growth to the extent of neglecting basic issues of development. With a number of contributions re-imagining development and its political economy, the book discusses above mentioned issues in light of new data and more recent conceptions of the issues. The contributors of this volume are eminent researchers in their respective field. Presenting primary as well as secondary data, the book considers the latest advances and research and also addresses new challenges like the global reorganization of production and the consequences for labour and the world of work, along with skills question. World of work has received detailed investigation in this book. This is a timely addition in existing literature especially in context of pandemic and lockdown. Informality and un/employment question is addressed in this context. Relationship among poverty, inequality and growth is examined in light of newer understanding. Agrarian distress is looked in a broader context. A number of papers are examining migration question by expanding coverage of migration and including labour mobility as apart of migration debate. The present crisis of migrant labour and absence of social security for these workers is also discussed. This book is primarily intended for those interested in recent advances on some of the basic aspects of development, like poverty, inequality, informality, word of work, migration and labour mobility. It is also useful for researchers, policy makers, journalists and civil society organizations working on these issues.

Contents: Economic Reforms and Rural Development, Rural Developments and Dairying in Orissa, Social Elites and Social- Economic Change, Rural Power Structure and its Sequel, Intellectual Abilities and Personality Development of Rural Children in Andhra Pradesh, Land Reforms: A Key to Rural Uplift Need and Reorientation of Policies, Demand Supply Mismatch of Credit and Role of Co-operative Bank in Rural Development, The Role of Co-operatives for Rural Development, Co-operative for Rural Development, KVI for Rural Development, Regional Rural Banks for Rural Development, Co-operative for Development of Health, Agro-Forestry & Social Forestry for Rural Development.

This work is an indepth analysis of the entire gamut of problems afflicting the rural economy. Some of the questions specifically looked into are: With how much of sincerity the plans were prepared, and how these were implemented? What were the effects on productivity and expansion of activities in different sectors of the rural economy? How much of attention was given to the problems of the weaker sections, and what improvements came over the years? What were the state of social and economic infrastructure? Did human resource development receive the attention it deserved?

ABOUT THE BOOK In the wake of unprecedented external payment crisis of 1991, India has witnessed wide-ranging economic reforms encompassing various sectors of the economy. A critical ingredient of the reform process has been the gradual opening up of India?s external sector. The trade regime has been significantly liberalised with the abolition of quantitative restrictions and reduction in tariff rates. Non-debt creating flows are being encouraged. In short, the following, inter alia, have been the chief elements of the policy of external sector reforms since 1991: (a) maintenance of an acceptable level of current account deficit, (b) market determined exchange rate regime, (c) building up reserves by encouraging non-debt creating flows and de-emphasising debt creating flows, particularly short-term debt, and (d) creating a congenial environment for foreign direct investment. Against this backdrop and in recognition of the growing importance of the external sector in driving the economy, this book is focused on the developments of India?s external sector since 1991. It examines developments in the following segments of India?s external sector: foreign trade, export-import policy, tariff policy, current account management, capital account dynamics, foreign exchange reserves, exchange rate policies, external debt and aid, foreign direct investment and foreign portfolio investment.