Sixty Years of the Indian Economy 1947 to 2007 : A Comprehensive Description and Analysis of Developments in Various Sectors of the Indian Economy Since Independence (2 Vols-Set) Book

Contents: Vo. I. Authors' note on the book. I. Pre-independence period: 1. Indian economy: pre-independence period. II. Human resources: 2. Human resources: magnitude, quality and deployment. III. Five year plans and economic reforms: 3. Five year plans: Institutional framework and assessment. 4. India's five year plans at a glance. 5. Economic reforms: dimensions, achievements and grey areas. IV. Indian agriculture: 6. Nature and importance of agriculture in the Indian economy. 7. Agriculture inputs. 8. Land reforms. 9. Agricultural/rural credit. 10. Marketing of agricultural produce. 11. New agricultural strategy/Green revolution. 12. Agricultural workers. 13. Agricultural price policy, food subsidy and public distribution system. 14. India agriculture and WTO. 15. Indian agriculture and information technology. 16. Agriculture/rural insurance. 17. Taxation of agricultural income. 18. Recent initiatives in Indian agriculture. V. Indian industry: 19. Legal framework for industrialisation. 20. Post-independence industrial policy. 21. Public sector enterprises. 22. Small-scale industries. 23. Industrial finance. 24. Industrial relations and restructuring of labour laws. 25. Industrial sickness. 26. Tax incentives for industrialisation. 27. Indian industry and WTO. VI. Infrastructure development: 28. Infrastructure policy and development. VII. Fiscal policy: 29. Central government budget. 30. Trends in combined (Centre and states) tax revenues. 31. Trends in central taxes. 32. Trends in state taxes. 33. Public expenditure in India. 34. Public debt in India. 35. Centre-state financial relations. VIII. Monetary policy, credit policy and prices: 36. Monetary policy and credit policy. 37. Price stability. IX. Banking and finance: 38. Financial system of India: an introduction. 39. Reserve Bank of India. 40. Commercial banks. 41. Co-operative banks. 42. Development finance institutions. 43. Non-banking financial companies and mutual funds. 44. Money market. 45. Government securities market. 46. Capital market. 47. Insurance market. 48. Foreign exchange market.

Vol. II. Part X. Employment and Labour Welfare: 49. Employment policies and programmes. 50. Labour welfare: legal framework and initiatives. 51. Women workers: legislations and empowerment. XI. Human development and social security: 52. Extent of poverty and poverty alleviation programmes. 53. Education, health and family welfare. 54. Empowerment of socially disadvantaged groups. XII. Environmental issues: 55. Environmental protection and sustainable development. XIII. Foreign trade: 56. Foreign trade of India: Pre-independence period. 57. India's post-independence trade policy. 58. Exports: trends in composition, destination and strategy. 59. Imports: trends in compositions and origin. 60. India's Export-Import (EXIM) Policy. 61. WTO and India's foreign trade. XIV. Sector-wise yearly review of developments in the Indian economy: 1947-48 to 2006-07. XV. Appendices. XVI. Time-series data on Indian economy: i. National income, savings and growth rates. ii. Agriculture. iii. Industry. iv. Fiscal policy. v. Money and prices. vi. Finance and banking. vii. Employment and labour. viii. Foreign trade. Bibliography. Index.

"At the time of independence in 1947, India was a typically backward economy. Owing to poor technological and scientific capabilities, industrialisation was limited and lopsided. Agricultural sector exhibited features of feudal and semi-feudal institutions, resulting into low productivity. Means of transport and communications were underdeveloped, educational and health facilities inadequate, and social security measures virtually non-existent. In brief, poverty was rampant and unemployment widespread, both making for low general standards of living.

These were the socio-economic settings under which the founding fathers had to chart out a programme of nation-building. In their collective wisdom, they adopted the middle course of a mixed economy, assigning a pivotal role to public sector and economic planning. This new approach to economic and social development was set within a framework of parliamentary democracy guaranteeing universal franchise. India began the process of planned economic development with the start of the First Five Year Plan in April 1951. Since then the country has completed ten Five Year Plans and the implementation of the Eleventh Five Year Plan (2007-12) is underway. The economic history of post-independence India is a mixed experience of achievements and failures. After 60 years of development efforts, India is presently one of world's fastest growing economies. In the last few years, it has emerged as a global economic power, the leading outsourcing destination and a favourite of international investors.

This book provides a comprehensive description and analysis of developments in various sectors of the Indian economy since independence. It particularly focuses on reform measures undertaken since 1991. The work puts in perspective the emerging lessons for the future. Year-wise (1947-48 to 2006-07) review of developments in leading sectors of the economy is another key feature of the book. It also provides time-series data on Indian economy.

The book is designed to interest a cross section of readers, viz. teachers and students of economics, commerce, law, public administration, business management, chartered accountancy and company secretaryship. It will also serve the needs of legislators, business executives, entrepreneurs and investors, and others interested in the developments in the Indian economy." (jacket)