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India's Emerging Economy

 
Kaushik Basu (Editor)
Synopsis India's Emerging Economy Performance and prospects in the 1990s and beyond. India's economy over the last decade looks in many ways like a success story; after a major economic crisis in 1991, followed by bold reform measures, the economy has experienced a rapid economic growth rate, more foreign investment, and a boom in the information technology sector. Yet many in the country still suffer from crushing poverty, and social and political unrest remains a problem. These essays by leading academics, policymakers, and industrialists examine India's recent economic successes and their social and cultural context. India's rate of economic growth after the 1991 reforms were instituted reached a remarkable 7 per cent for three consecutive years, from 1994 to 1997. Several contributors to the volume ask what this means for the nation as a whole. In his essay 'Democracy and Secularism in India', Amartya Sen argues that economic progress is not the only way to measure a nation's performance. Other contributors examine the actual effect India's economic growth has had on reducing poverty and recommend policies to empower the poor. The essays also address such issues as globalization and the vulnerabilities and opportunities it creates, India's experience with monetary and fiscal reform, the rapid growth of the information technology sector (including a case study of India's software industry by N.R. Narayana Murthy), and India's grassroots economy. This book is important for all those interested in the current state of the Indian economy. It will be relevent resource for journalists, development scholars, policy-makers, researchers, and India watchers.
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About the author

Kaushik Basu

Kaushik Basu is Carl Marks Professor of Economics at Cornell University.  He has been Professor of Economics at the Delhi School of Economics and has to his credit a large number of monographs, edited volumes, and essay collections (including Economic Graffiti and Of People, Of Places).  ‘Kaushik Basu is that triply rare being-an Indian intellectual who is open-minded, an economic theorist who is interested in human beings, and an American academic who has a sense of style.  These, and many other, gifts are on display in this richly readable collection of essays.  In prose that is always elegant and often witty, Basu throws fresh light here on themes of compelling importance to India and the world-the role of the market, the relations between states, the perils and promises of globalization.’

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Bibliographic information

Title India's Emerging Economy
Author Kaushik Basu
Format Softcover
Date published: 01.01.2005
Edition 1st ed.
Language: English
isbn 0195677900
length xii+319p., Tables; Figures; Notes; Index; 22cm.