Macroeconomics of Post-Reform India

Author: Mihir Rakshit
Publisher: Oxford University Press
ISBN: 9780198070092
Published In: January 2011
Format: Paperback , 288 pages
Jurisdiction: India ? Disclaimer:
Countri(es) stated herein are used as reference only

Out of stock

Description
Contents
Author

Details

Unusual blend of theory and policy
Overview of structural and orthodox macroeconomics
Appendix on infrastructural investment
Suitable as student reading

The essays included in this volume and its companion Money and Finance in the Indian Economy were written over the last 15 years in response to emerging problems and policy debates related to different aspects of the Indian macroeconomy. They examine the changes and continuity in India's transition from a planned economy to a market-oriented one.

The volume is organized into three parts:

An overview of the arguments and approaches of the orthodox and the structuralist macroeconomics used extensively in the book.
An analysis of the country's main macroeconomic developments, starting from the 1990-1 economic crisis that forced the government to abandon the erstwhile policy stance and adopt a programme of liberalization and reforms. The focus is on two themes-the role of services in India's growth process and analytical-cum-policy issues related to the country's inflationary experience.
An assessment of the critical role of infrastructural investment in macro performance of the Indian economy.

Readership: Undergraduate and postgraduate students and teachers of macroeconomics, Indian economy, development economics, finance, and politics.

Tables and Figures; Acknowledgements; List of Abbreviations;

1.Introduction; I. Theoretical Framework and Approaches;

2. Understanding the Indian Macroeconomy; II. Behaviour of the Macroeconomy;

3. The Pre-reforms Indian Economy: Plan Strategy, Development Experience, and the Payments Crisis;

4. Some Macroeconomics of India's Reforms Experience;

5. India's Macroeconomic Puzzles;

6. Services-led Growth: The Indian Experience;

7. Inflation in a Developing Economy: Theory and Policy;

Appendix; Author Index; Subject Index

Mihir Rakshit

Mihir Rakshit is Director, Monetary Research Policy, ICRA Limited. He was earlier Professor, Economic Research Unit, Indian Statistical Institute, Kolkata. He has also held teaching and research assignments at Presidency College, Kolkata, the Delhi School of Economics, and the Erasmus University, Rotterdam, the Netherlands.