Perspectives On Inclusive Policies For Development In India

This book presents perspectives by eminent economists, social scientists and policy makers, exploring in depth the post-reform developments in India, including issues pertaining to growth and equity, issues which have been at the core of life-time work of Prof. R. Radhakrishna. The book brings out how some public policy instruments created to promote growth have turned out to be regressive, promoting inequalities and creating a highly asymmetric federalism in India. It examines the efficacy of fiscal and monetary reforms and also emphasises the need for strengthening the institutions of governance, particularly judiciary and police, in order to boost investors’ confidence. It presents exercises in econometric modelling for explaining factors in growth and vetting policies, and explores the issue of governance and institutions. The book provides insights into the working of an emerging economy and a large democracy which has to strive for public acceptability of the tensions of its negotiations between equity and growth. With its depth of academic excellence and breadth of topics covered, it is a ‘must read’ for researchers, policy makers, industry watchers, think tanks, and NGOs.

This book explores inclusive development in the Indian context, not only within each of the country’s major economic and social sectors, but also across countries in the particular context of globalization. In the emerging scenario of most expanding economies, including India, this topic remains particularly significant. The book’s sixteen chapters are divided into eight sections that address burning issues related to inclusive development – historical setting and policy context; current issues and future challenges; inclusiveness in the agricultural sector; inclusiveness in the industrial sector; inclusiveness in the health sector; inclusiveness and poverty; inclusiveness in the social context; and inclusiveness in the globalization context. The book highlights several positive developments displayed by the Indian economy in recent years, including the current growth rate of about 7 percent, which is among the highest rates around the globe. At the same time, it draws attention to the fact that while there is every reason to feel proud of these achievements, we cannot ignore the strains and brewing distress, especially in rural areas, or the concerns in environmental and social sectors, including health and education, relating to sociological divisions and disturbances, water and air pollution, and ecosystem and biodiversity losses. Important and relevant from both academic and policy perspectives, the book includes essays from some of the most eminent economists and social scientists in the South Asian region, providing vital takeaways for researchers and NGOs, as well as corporate sector and government decision-makers.

The book critically examines the high growth trajectory in India, particularly since the late 1980s, a period which is characterized by increasing inequality. Through various studies from the Indian state of Uttar Pradesh -- a state more populous than Brazil and with a GDP comparable to Bangladesh -- it sheds light on the link between growth and inequality in emerging economies. The slow pace of any upward movement in terms of various development indicators in low-income Indian states is due to a number of factors, including their historical disadvantages. Over a period of time, this has resulted in widening disparities, both between different regions of these states, and between these states and other more prosperous Indian states. The book provides a holistic, yet critical, region-wise analysis of the achievements of Uttar Pradesh compared to other states and to India as a whole, in the context of indicators of inclusive development, namely, growth, employment, poverty, infrastructure, agriculture, industry, education and health. Based on the latest data and sophisticated analysis methods, it assesses inequality and development disparities, clearly identifying three major challenges that poorer states face in redressing poverty and expanding inclusive growth - increasing economic opportunities, empowering poor and marginalised groups to avail new opportunities in a rapidly changing world, and ensuring an effective safety net to reduce vulnerability. The book suggests strategies for promoting high and sustained economic growth, and highlights the significance of broadening social inclusiveness through greater and more rapid access to economic and social opportunities, and building strong social safety nets to protect the chronically poor and mitigate their risks and vulnerabilities with the help of good governance and institutions. With contributions from leading scholars from the region, it is a valuable resource for researchers working in the area of growth and inequality, as well as for policy makers from developing economies around the globe.

The research papers included in this book make a comprehensive analysis on the thematic issues focused within the larger framework of inclusive growth. The recommendations made through this book are expected to influence policy of inclusive growth and development of the marginalized segments in the Indian context. This book is organized in to 47 Chapter, every chapter is addressing the overall theme precisely and fulfills the core issues highlighted. This book is expected to fulfill the teaching, research, policy formulation, programme planning needs of academia, research scholars, students pursuing subjects in the departments of Sociology, Economics, Political Science, History, Social Work, Anthropology, Women Studies, Futurology, Public Administration, Rural Development etc. In addition this book is also expected to assist CBOs, GOs, NGOs, Development Workers, Policy Planners, Social Workers, Consultants etc, engaged in Sustainable Social Development with special reference to Inclusive Growth in Transitional Society.

Discussing the latest segment of economics, this argument illuminates that inclusive growth has become a developmental imperative. This analysis contends that inclusive growth is the best route by which the bulk of the poor can be provided with livelihood and food security and addresses the specific part of the Asian--and in particular, Indian--population that the latest growth process has bypassed. Emphasizing the need to incorporate them into the fold of a vibrant economy, this proposal offers plans for all involved in the Indian economy--banks, cooperatives, development financiers, NGOs, and administrators--for reorienting their own strategies in response to this trend.

This book provides empirical applications of macroeconometric methods through discussions on key issues in the Indian economy. It deals with issues of topical relevance in the arena of macroeconomics. The aim is to apply time series and financial econometric methods to macroeconomic issues of an emerging economy such as India. The data sources are given in each chapter, and students and researchers may replicate the analyses.The book is divided into three parts—Part I: Macroeconomic Modelling and Policy; Part II: Forecasting the Indian Economy and Part III: Business Cycles and Global Crises. It provides a holistic understanding of the techniques with each chapter delving into a relevant issue analysed using appropriate methods—Chapter 1: Introduction; Chapter 2: Macroeconomic Modelling and Bayesian Methods; Chapter 3: Monetary Policy Framework in India; Chapter 4: Determinants of Yields on Government Securities in India; Chapter 5: Monetar y Transmission in the Indian Economy; Chapter 6: India’s Bilateral Export Growth and Exchange Rate Volatility: A Panel GMM Approach; Chapter 7: Aggregate and Sectoral Productivity Growth in the Indian Economy: Analysis and Determinants; Chapter 8: Forecasting the INR/USD Exchange Rate: A BVAR Framework; Chapter 9: Forecasting India’s Inflation in a Data-Rich Environment: A FAVAR Study; Chapter 10: A Structural Macroeconometric Model for India; Chapter 11: International Synchronization of Growth Rate Cycles: An Analysis in Frequency Domain; Chapter 12: Inter-Linkages Between Asian and U.S. Stock Market Returns: A Multivariate GARCH Analysis; Chapter 13: The Increasing Synchronization of International Recessions. Since the selection of issues is from macroeconomic aspects of the Indian economy, the book has wide applications and is useful for students and researchers of fields such as applied econometrics, time series econometrics, financial econometrics, forecasting methods and macroeconomics.

This book offers a thorough description of the challenges posed by increasing global urbanization. In addition, comprehensive perspectives are offered on how the contemporary urban challenges of our time are tackled by existing designers, architects, urban planners, and landscape architects thereby considering climate change, migration, resilience, politics, and environmental degradation. It includes insights from environmental design, geography, strategic planning, and engineering design. It goes beyond the jargon of technical innovation, and exposes the political, social and physical effects of digitalizing the world in smart cities. The book focuses on the application of geospatial technology of smart cities – including system design for basic services, real-time control and the Internet of Things. It highlights the planning of land use, strategic development, and ecosystem-based knowledge to enhance economic growth and healthy urban environment and smart city management. The book also shows the contradictory aspects of smart city studies, and provides useful insights into the creation and execution of policies to strengthen decision-making processes in smart cities. This book leads the reader to a greater understanding of smart city growth, both theoretical and realistic and as such it provides an interesting read for urban geographers, urban designers and planners, environmental specialists, practitioners, students.