Propelling India from socialist stagnation to global power

Author(s)

Bibliographic Information

Propelling India from socialist stagnation to global power

Arvind Virmani

Academic Foundation, 2006

  • v. 1
  • v. 2

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Note

Includes bibliographical references and index

Contents of Works

  • v. 1. Growth process
  • v. 2. Policy reforms

Description and Table of Contents

Volume

v. 1 ISBN 9788171885305

Description

Together, the two volumes review the economic history of India from Independence to the current period and then go on to make forecasts about the future of the Indian economy and its role in the World. The objective is not criticism for the sake of it. Throughout the focus is on policy and institutional reforms to solve identified policy mistakes and problems. Volume I shows that there have been two phases in India's economic history. The period of socialist stagnation, till the end of the seventies, in which India's growth rate was among the lowest in the World and poverty increased despite professions of socialism. The second period of market reform starting in 1980s walted us to the top of the growth sweepstakes and led a sharp and continuing decline in poverty. The book shows how India is poised to become a global power in the next 15 to 20 years, and why India is likely to become, over the next 30 years, the third pole in the emerging tripolar world of the 21st century.

Table of Contents

  • VOLUME - I
  • Acknowledgements
  • Introduction
  • Section I
  • Economic Growth: History and Lessons
  • 1. India's Economic Growth: Fluctuations Trends, Break Points and Phases
  • 2. From Socialist Rate of Growth to Bharatiya Rate of Growth
  • 3. Sources of India's Economic Growth: Trends in Total Factor Productivity
  • 4. China's Socialist Market Economy: Lessons of Success
  • Section II
  • Global Growth, Power and International Relations
  • 5. Tripolar World: India, China and USA
  • 6. VIP: A Simple Measure of a Nation's (Natural) Global Power
  • 7. Economic Performance, Power Potential and Global Governance: Towards a New International Order
  • 8. A Tripolar Century: USA, China and India
  • 9. East Asian Regionalism and its Impact
  • 10. India-China Economic Relations
  • Section III
  • Political Economy: Social Welfare and Voting. 11. Economic Growth, Governance and Voting Behaviour: An Application to Indian Elections
  • References
  • Bibliography
  • Index
  • VOLUME - II
  • Acknowledgements
  • Introduction
  • Section IV
  • Policy Reforms and Institutions
  • 1. Policy and Institutions: Some Lessons from Indian Reforms
  • 2. India's 1990-91 Crisis: Reforms, Myths and Paradoxes
  • 3. Excess Food Stocks, PDS and Procurement Policy
  • 4. Foreign Direct Investment Reform
  • Section V
  • Tax and Tariff Reforms
  • 5. Towards A Competitive Economy: VAT and Customs Duty Reform
  • 6. Customs Tariff Reform
  • 7. Impact of Tariff Reforms on Indian Industry: Assessment based on a Multi-sector Econometric Model
  • Section VI
  • Financial Sector: Domestic and Global Integration
  • 8. Structure of the Household Sector Asset Portfolio in India
  • 9. Global Integration of India's Money Market: Interest Rate Parity in India
  • References
  • Bibliography
  • Index.
Volume

v. 2 ISBN 9788171885312

Description

Together, the two volumes review the economic history of India from Independence to the current period and then go on to make forecasts about the future of the Indian economy and its role in the World. The objective is not criticism for the sake of it. Throughout the focus is on policy and institutional reforms to solve identified policy mistakes and problems. Volume II focuses on the wider and deeper economic reforms initiated in the 1990s. It outlines the reforms, analyses their effect and draws lessons for the future. Among the areas covered are governance problems and institutional reforms, the BoP crisis, FDI, indirect tax and tariff reform, food policy and savings & monetary policy.

Table of Contents

  • VOLUME - I
  • Acknowledgements
  • Introduction
  • Section I
  • Economic Growth: History and Lessons
  • 1. India's Economic Growth: Fluctuations Trends, Break Points and Phases
  • 2. From Socialist Rate of Growth to Bharatiya Rate of Growth
  • 3. Sources of India's Economic Growth: Trends in Total Factor Productivity
  • 4. China's Socialist Market Economy: Lessons of Success
  • Section II
  • Global Growth, Power and International Relations
  • 5. Tripolar World: India, China and USA
  • 6. VIP: A Simple Measure of a Nation's (Natural) Global Power
  • 7. Economic Performance, Power Potential and Global Governance: Towards a New International Order
  • 8. A Tripolar Century: USA, China and India
  • 9. East Asian Regionalism and its Impact
  • 10. India-China Economic Relations
  • Section III
  • Political Economy: Social Welfare and Voting. 11. Economic Growth, Governance and Voting Behaviour: An Application to Indian Elections
  • References
  • Bibliography
  • Index
  • VOLUME - II
  • Acknowledgements
  • Introduction
  • Section IV
  • Policy Reforms and Institutions
  • 1. Policy and Institutions: Some Lessons from Indian Reforms
  • 2. India's 1990-91 Crisis: Reforms, Myths and Paradoxes
  • 3. Excess Food Stocks, PDS and Procurement Policy
  • 4. Foreign Direct Investment Reform
  • Section V
  • Tax and Tariff Reforms
  • 5. Towards A Competitive Economy: VAT and Customs Duty Reform
  • 6. Customs Tariff Reform
  • 7. Impact of Tariff Reforms on Indian Industry: Assessment based on a Multi-sector Econometric Model
  • Section VI
  • Financial Sector: Domestic and Global Integration
  • 8. Structure of the Household Sector Asset Portfolio in India
  • 9. Global Integration of India's Money Market: Interest Rate Parity in India
  • References
  • Bibliography
  • Index.

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