Facets Of India S Economy And Her Society Volume I

‘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.

‘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 ‘Over the years, I have benefited from reading the works of Professor Jha, and from teaching from them. I enthusiastically recommend these two volumes.’ —Raaj Kumar Sah, University of Chicago, 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 second volume, Jha examines the performance and prospects for India’s agriculture, manufacturing and services sectors. In addition, India’s links with the external world through international trade, investment, migration and remittances are discussed, as well as gender issues, inter-community relations and India’s future prospects.

Drawing on a broad transdisciplinary background, this book compares distributive justice systems and related socioeconomic institutions within the liberal and sustainable development traditions. Confronting the capitalist worldview of prominent Nobel Prize–winning economist Milton Friedman, the book offers a theoretical framework for sustainable development: a new paradigm of economics grounded in environmental and social issues. The analysis takes as its starting point that the development and evolution of human beings is codetermined by socioeconomic institutions. These institutions facilitate models of society, morality and human behaviour: they are all social constructs. This matters because the liberal system of justice uses the claim that ‘life is unfair’ as the justification of socioeconomic inequalities, and it is these institutions which determine the concepts of fairness and justice. Therefore, the liberal system’s favouring of entrepreneurs should require advance measures to safeguard the interests of the losers—instead, it seeks to justify their misfortunes. It is argued that this liberal notion of fairness can only be fairly executed in conditions of perfect market competition, which have never existed. In contrast, the principles of sustainable development pay attention to the problems generated by the unjust and unfair distribution of resources and postulate wider use of the fairness formula ‘to each according to their needs’. It is thus more focused on fair ends than on fair procedures. This book is addressed to scholars and advanced students in ecological economics, environmental economics, economics of sustainable development and political science.

In this lively, opinionated, and informative piece of writing, Dr. S.K. Ray applies his characteristic and accessible style to all vital sectors of the Indian economy to present a compact, well-researched, comprehensive, and up-to-date treatise on the subject. He has consistently marshalled facts and figures and brought them to bear on today’s problems of economic developments and their management. The book covers an extensive portfolio of absorbing topics, all in their varied aspects and manifestations. Written with clarity, this book is a unique attempt to analyze, in considerable depth, various facets of socioeconomic growth such as natural resources, population, agriculture, industry, transport and energy. Besides, the issues like economic planning, land and tenancy reforms, economic reforms, inflation, banking structure, international trade and finance, labour policy, industrial monetary system, science and technology, and the atrophies ailing the economy have also been probed. In a nutshell the book skilfully interprets the economy of today’s India to identify her role not only in the development of its own economy but also in relation to the rest of the world. It also identifies the issues, problems and programmes required for the formulation of a strategy for economic growth. The book, a refreshing and significant contribution to Indian economic thinking, will also serve as a valuable textbook for undergraduate and postgraduate students in Commerce and Economics. In addition, it can be of immense help to students appearing in civil services and allied examinations. This brilliant exposition of the Indian economy will also be useful as an important source of reference for scholars, faculty members, administrators, and policymakers.

Providing a broad overview of the impact of COVID-19 on economic development, this timely book examines closely the macroeconomic aspects of economic development and the design of monetary policies under extreme crises.

This book showcases cutting-edge research papers from the 9th International Conference on Research into Design (ICoRD 2023) – the largest in India in this area – written by eminent researchers from across the world on design processes, technologies, methods and tools, and their impact on innovation, for supporting design for a connected world. The theme of ICoRD’23 has been ‘Design in the Era of Industry 4.0’. Industry 4.0 signifies the fourth industrial revolution. The first industrial revolution was driven by the introduction of mechanical power such as steam and water engines to replace human and animal labour. The second industrial revolution involved introduction of electrical power and organised labour. The third industrial revolution was powered by introduction of industrial automation. The fourth industrial revolution involves introduction of a combination of technologies to enable connected intelligence and industrial autonomy. The introduction of Industry 4.0 dramatically changes the landscape of innovation, and the way design, the engine of innovation, is carried out. The theme of ICoRD’23 - ‘Design in the Era of Industry 4.0’ –explores how Industry 4.0 concepts and technologies influence the way design is conducted, and how methods, tools, and approaches for supporting design can take advantage of this transformational change that is sweeping across the world. The book is of interest to researchers, professionals, and entrepreneurs working in the areas on industrial design, manufacturing, consumer goods, and industrial management who are interested in the new and emerging methods and tools for design of new products, systems, and services.

Economic growth and increasing population impose long-term risks to the environment and society. Approaches to address the impact of consumption and production on bio-diversity loss, resource availability, climate change, and mounting waste problems on land and in seas have yet not proven to be successful. This calls for innovative approaches to address the complex environmental, social, and economic interrelationships that have to be addressed in transforming to sustainable development. Sustainable Consumption and Production, Volume I: Challenges and Development aims to explore critical global challenges and addresses how consumers, producers, the private sector, international organizations, and governments can play an active role in innovating businesses to support a transitioning towards sustainable consumption and production. The book explores different approaches and innovations to address sustainable consumption and production. It details multiple social and economic contexts to the challenges and developments towards a sustainable consumption and production. The book is of interest to economists, students, businesses, and policymakers. Chapter 14 and chapter 15 are available open access under a Creative Commons Attribution 4.0 International License via link.springer.com.

Studies key design features of policy pilots influencing their scaling-up and mainstreaming into formal policies.