The Indian Economic Crisis

The book provides one of the most detailed and comprehensive reviews of the growth experience of a group of low and middle income countries before and during the global crisis. It then explores their growth prospects after the recovery and how they may be shaped by the new global economic environment.

This tract provides an overview of Indian economic development in the last four decades since Independence. It traces the evolution of development strategies since the 1930s, attempts to understand their rationale, their problems and contradictions. It begins with an evaluation of economic performance under planning and goes on to review the range of arguments that seek to explain the constraints on growth. It argues against the rigidities and problems of the earlier system and stresses the need for strong corrective measures to restore the economy. While the tract is emphatic about the need for reforms, it questions the assumptions which underlie the present project of liberalization and reiterates the continued need for planning and state intervention within the framework of reforms.

While this book covers several technical issues which will interest professional economist and policy-makers, it is also wholly accessible to the general reader.

The National Debate About The Advisability Of Opening Up The Economy, Going In For An Imf Loan, Restructuring The Economy, Privatisation Of Public Sector Undertakings, Rationalising Tariffs And Abolishing Subsidies Etc. Is On. The Tenth Lok Sabha Has Produced A Hung Parliament After The General Elections. The Post Independent India Had Misfortune Of Having Government Going For Soft Options Resulting In Gradually Mounting Budgetary Deficits. Economic Indiscipline Has Always Been Seeking New Ebbs. This Has Pushed Up The Inflation Rate Into Double Digits. Spiralling Non-Plan And Non Productive Government Expenditure Coupled With A Slowdown In Tax And Revenue Collections Have Brought The Country To The Bsink Of Bankruptcy. The Continuing Xenomania In Approach To Foreign Investment And The Lackadaisical Attitude In Dealing With Public Sector Undertaking Has Led To Industrial Stagnation. Everyone Is Agreed That Drastic Measures Are Called For To Set The Economy Right. But Ideological Considerations And The Hangover Of 40 Years Of Planned Mixed Economy Are Holding Back Both Politicians And Bureaucrats From Taking Bold Initiatives. This Collection Of Articles Reflects The Dilemma That The Country Faces Today. Time Alone Will Tell How India Survives The Crisis.

Papers presented at the 92nd Annual Conference of the Indian Economic Association, held at KIIT University in 2009.

This book is all about current economic crisis, its origin, causes, impact, world response, world economic outlook and lessons to be learnt. The focus of the work, however, is on the impact of global economic crisis on India and the policy response by the Government of India, Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI) and other agencies. Financial turmoil which surfaced in August 2007 in the US financial system -- as a result of defaults of sub-prime mortgage loans -- has blown into an unprecedented financial crisis engulfing international money, credit, equity and foreign exchange markets.

India. Monograph on the short term inflation crisis, its causes and economic policy recommendations - includes supply and demand factors influencing inflation, such as fiscal policy, monetary policy, price controls, the black market, a shrinking tax base, insufficient agricultural production and industrial production, etc. Statistical tables.