75 Years of India's Economic Development PDF Download

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Publisher:
ISBN: 9789394424982
Category :
Languages : en
Pages : 0

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Author: Dr. S.R Keshava
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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After 75 years of India's Independence, India is now one of the fastest-growing economies; hot FDI destinations of the World; India is the sixth-largest economy globally, with a GDP of $2.66 trillion. India is the world's largest producer of milk, pulses, and jute and ranks as the second-largest producer of rice, wheat, sugarcane, groundnut, vegetables, fruit, and cotton. It is also one of the leading producers of spices, fish, poultry, livestock, and plantation crops. (FAO 2018), It also produced 25 percent of the world's pulses, as of last decade, until 2019. (1BEF, 2021) Whereas India still has many areas of concern. Despite having food security, India has 97.7 million living below the poverty line, which is around 6 percent of the population in 2021, as per the World Poverty Clock.; India's rank is 66 out of 109 countries in United Nations Global Multidimensional Poverty Index 2021: India ranked 101st out of 116 countries in the Global Hunger Index 2021. India ranked 131 out of 189 countries on the U.N. Human Development Index 2020; India ranked 139 out of 149 countries in U.N. World Happiness Index 2021. In this research article, the data of major socio-economic factors are analyzed to track the journey of India's growth in the past 75 years and has analyzed it using simple statistical tools like percentage and growth rate. The data about 75 years of India's Independence, GDP, Per capita Income Growth, Capital formation, Savings, Foreign Trade, Agriculture, Indebtedness, Industry, MSME, Infrastructure, Poverty, Inequality are analyzed, and meaningful analyses were drawn. The Challenges to the Indian economy, the way forward, and the lessons India can learn from China and South Korea are also discussed. India can surge ahead to its potential and celebrate the 100th year of India's Independence as a World Economic Superpower if India invests 6 percent of its GDP in imparting quality skill education, 4 percent of its GDP on providing quality health; increase the domestic capital formation to 40 percent, create world-class infrastructure, create more employment opportunities, eradicate Poverty and casteism, reduce inequality and corruption.

Author: Dibyendu Maiti
Publisher: Springer
ISBN: 9789819780532
Category : Business & Economics
Languages : en
Pages : 0

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This edited volume documents through its 75 years post-independence, the developmental complexities, economic achievements and challenges unique to India, given its vast population and regional, cultural, and climatic diversities, with simple illustrations, making them accessible to readers with varying levels of expertise. Since gaining independence, the Indian economy has embarked on a distinctive journey, navigating through a series of economic policy experiments in diverse economic landscapes. This distinct trajectory has not only accelerated its pace of economic growth but also addressed a myriad of developmental issues, from poverty to well-being, with varied degrees of success over the years. The detailed analysis and anecdotal evidence are at the core to show how the country's experience and challenges are different from the linear model of development transition, and must be understood in their own context. The academic papers, both theoretical and empirical, highlight the pace and patterns of sectoral dynamics since independence, unfold the issues and factors affecting development, with a particular focus on the productivity growth of the Indian economy, and showcase debates that may help planning policy for Vision@2047, the year when India would celebrate its centenary year of independence. The book contains 23 chapters divided into ten sections, covering issues related to growth strategies, productivity growth, agricultural transition, growth heterogeneity, labour, rural non-farm sector and migration, social sectors including education and environment, and debates on industrialisation and servicification – the principle features of Indian growth and development story. Given such diverse collection of chapters and discussions in them, the book will find readers across the developmental economics sphere ranging from academics to policy makers as well as industry experts.

Author: Sanjaya Baru
Publisher:
ISBN: 9789355203618
Category : Business & Economics
Languages : en
Pages : 0

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Author: Biswajit Chatterjee
Publisher:
ISBN: 9781003416074
Category : Business & Economics
Languages : en
Pages : 0

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"This book focuses on the economic challenges India has been facing since its independence in 1947. It traces the country's journey of economic transition and critically analyses themes such as the political economy of development, agriculture, macroeconomy, industry and labour, money and finance, trade liberalization, gender, welfare, energy, and the environment. The volume also addresses the issues of increasing income inequality, mass unemployment and environmental degradation, and suggests policies for efficient and desirable outcomes in socio-economic development. An important and timely contribution, it will be of interest to scholars and researchers of economics, development studies, political economy, management studies, public policy and political studies. It will also be useful to policymakers"--

Author: Alyssa Ayres
Publisher: Oxford University Press
ISBN: 0190494522
Category : Business & Economics
Languages : en
Pages : 361

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Long plagued by poverty, India's recent economic growth has vaulted it into the ranks of the world's emerging powers, but what kind of power it wants to be remains a mystery. Our Time Has Come explains why India behaves the way it does, and the role it is likely to play globally as its prominence grows.

Author: Ajay Chhibber
Publisher: HarperCollins
ISBN: 9354890059
Category : Literary Collections
Languages : en
Pages : 414

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As India enters its seventy-fifth year of independence, conventional policy is unlikely to combat the breadth of its economic challenges. Across a range of areas-human capital, technology, agriculture, finance, trade, public service delivery and more-new ideas must now be on the table. The COVID-19 pandemic has not only cost India many lives and livelihoods, it has also exposed major structural weaknesses in the economy. A huge farm and jobs crisis, rising and massive inequalities, tepid investment growth, and chronic banking sector challenges have plagued the economy, exacerbated by the COVID-19 pandemic. It has also exposed the limitations of the Indian state, which tries to control too much-and ends up stifling the economy and the inherent energies of its young population. Climate change is no longer a distant threat, while disruptive technology has huge implications for India's demographic dividend. In addition, the dangerous lurch towards majoritarianism will cast its shadow on India's pursuit of prosperity for all. Unshackling India examines the question: Can India use the next twenty-five years, when it will reach the hundredth year of independence, to restructure not only its economy but rejuvenate its democratic energy and unshackle its potential-to become a genuinely developed economy by 2047? The book argues that India can foster a prosperous and inclusive economy if it sets its mind to it, acknowledges the hard truths, and lays out the clear choices and new ideas India must adopt towards that end.

Author: Jayashankar M Swaminathan
Publisher: World Scientific
ISBN: 9814338354
Category : Business & Economics
Languages : en
Pages : 283

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India's prominence in the global economy is on the rise. Are we witnessing the rise of an economic superpower? Or is it a mirage? What factors have influenced this economic growth story across the different sectors? Which sectors present future growth potential? How can this opportunity be leveraged? In this volume, leading experts and scholars present an in-depth analysis of the rise of the Indian economy across various sectors over the last 15 years. The book explores potential opportunities and pitfalls in business sectors such as software, business process outsourcing, manufacturing, logistics, aviation, marketing and sales and telemedicine. It also provides an overview of potential challenges related to infrastructure, lop sided growth and education in India and pitfalls to avoid while entering India. The book concludes by identifying sectors of outstanding potential for growth in the upcoming decade. This book is geared towards managers and executives of multinational firms, business students, potential investors or anyone interested in obtaining a deeper understanding about the Indian business economy and its growth story.

Author: Rakesh Mohan
Publisher: Brookings Institution Press
ISBN: 0815736622
Category : Business & Economics
Languages : en
Pages : 704

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In this commemorative volume, India's top business leaders and economic luminaries come together to provide a balanced picture of the consequences of the country’s economic reforms, which were initiated in 1991. What were the reforms? What were they intended for? How have they affected the overall functioning of the economy? With contributions from Mukesh Ambani, Narayana Murthy, Sunil Mittal, Kiran Mazumdar-Shaw, Shivshankar Menon, Montek Singh Ahluwalia, T.N. Ninan, Sanjaya Baru, Naushad Forbes, Omkar Goswami and R. Gopalakrishnan, India Transformed delves deep into the life of an economically liberalized India through the eyes of the people who helped transform it.

Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1451949634
Category : Business & Economics
Languages : en
Pages : 159

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This paper examines the effect transactions with the IMF have on the monetary situation within a country when the foreign exchange purchased from the IMF is used to meet a balance of payments deficit. In some countries, the national currency counterpart is kept on deposit to the credit of the IMF at the central bank. In other countries, the government substitutes a noninterest-bearing note for the national currency counterpart of a transaction with the IMF. It is with the effects of the latter practice that this paper is primarily concerned. The effect of a balance of payments deficit on the money supply will be offset if credit is expanded to finance a government deficit, investment by business, or spending by consumers. The ultimate effect on the money supply will depend upon how the government deals with the national currency turned over to it by the Exchange Equalization Account. Considerable caution is required in concluding that a balance of payments deficit is likely to be moderate and temporary.