The Routledge Handbook of Post-Reform Indian Economy PDF
Preview The Routledge Handbook of Post-Reform Indian Economy
‘This book offers a significant contribution towards understanding the gains, limits and limita- tions of India’s economic policies since 1991. The volume, with generous inputs from leading scholars, is an excellent guide for academics and practitioners alike. The chapters included in this volume review the role of these policies towards social inclusion and social transformation. They also discuss new ideas that can help India fight poverty and inequality and embark on the path of growth and sustainability.’ Kunal Sen, Director, UNU-WIDER and Professor of Development Economics, University of Manchester, UK ‘Rajesh Raj S. N. and Komol Singha have put together a must-read handbook for under- standing the ongoing economic policy changes and their complex consequences that India has undertaken over the last 30 years. Integrating 27 original chapters by 37 authors, the book is an essential reading for all those who are interested in India’s economic and social development since 1991.’ Ira Gang, Professor of Economics, Department of Economics, Rutgers University, USA THE ROUTLEDGE HANDBOOK OF POST-REFORM INDIAN ECONOMY This handbook presents a comprehensive study of the post-reform Indian economy, three decades after the economic liberalization started in the early 1990s. It studies the broad range of changes that were introduced in the reforms era, assessing their impact on sectors like manufacturing, agriculture, banking and finance, among others. It also assesses the performance of these sectors amid globalization and the socio-economic shifts in the country. The volume evaluates the contribution of the reforms to social transformation, social inclusion, sustainability and human development, and deliberates on the gains, blind spots and limitations. With contributions from scholars across the country, case studies and comparative analyses that draw on data analysis, econometric evidence and historical sensibility, this is an authoritative volume on the reforms of the 1990s and their impact on the Indian economy and people. Topical and the first of its kind, the book will be a useful resource for scholars and researchers of economics, development studies, political economy, management studies, public policy and political studies. Rajesh Raj S. N. is Associate Professor at the Department of Economics, Sikkim University, Gangtok, India. His research spans Industrial Economics, Firm Dynamics, Efficiency and Productivity Analysis and Informal Labour. He is Associate Editor of the Journal of South Asian Development. His books include Out of the Shadows? The Informal Manufacturing in Post-Reform India and Small Firm Ownership and Credit Constraints in India. He is a co-editor of Productivity in Indian Manufacturing: Measurement, Methods and Analysis. He is the recipient of the Dr. V K R V Rao Prize in Economics for the year 2014 by the ISEC, Bangalore, and ICSSR, New Delhi. Komol Singha is Associate Professor at the Department of Economics, Sikkim University, Gangtok, India, where he teaches development economics. His research interests broadly cover Development Economics, Institutional Economics, Social Sector, etc. Prior to this present institution, he was with the Institute for Social and Economic Change, Bengaluru. THE ROUTLEDGE HANDBOOK OF POST-REFORM INDIAN ECONOMY Edited by Rajesh Raj S. N. and Komol Singha First published 2022 by Routledge 2 Park Square, Milton Park, Abingdon, Oxon OX14 4RN and by Routledge 605 Third Avenue, New York, NY 10158 Routledge is an imprint of the Taylor & Francis Group, an informa business © 2022 selection and editorial matter, Rajesh Raj S. N. and Komol Singha; individual chapters, the contributors The right of Rajesh Raj S. N. and Komol Singha to be identified as the authors of the editorial material, and of the authors for their individual chapters, has been asserted in accordance with sections 77 and 78 of the Copyright, Designs and Patents Act 1988. All rights reserved. No part of this book may be reprinted or reproduced or utilised in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers. Trademark notice: Product or corporate names may be trademarks or registered trademarks, and are used only for identification and explanation without intent to infringe. British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library Library of Congress Cataloging-in-Publication Data A catalog record has been requested for this book ISBN: 978-0-367-42870-9 (hbk) ISBN: 978-1-032-11145-2 (pbk) ISBN: 978-0-367-85574-1 (ebk) DOI: 10.4324/9780367855741 Typeset in Bembo by Deanta Global Publishing Services, Chennai, India Rajesh Raj S. N. dedicates this book to Amma, Indira, Tanya CONTENTS List of figures xiii List of tables xix List of contributors xxv Preface xxviii Introduction 1 Rajesh Raj S. N. and Komol Singha PART I Agrarian reforms and agriculture 13 1 Agriculture and rural labour markets in India 15 Jayan Jose Thomas and B. Satheesha 2 Agricultural growth and distress in India’s post-liberalization era 35 Ishan Anand 3 Redistributive land reform in the neo-liberal phase of the Indian economy 54 Pratik Rumba 4 Impact of quality infrastructure on agriculture in Karnataka 78 Soumya Manjunath 5 Environmental sustainability of economic reforms in India 93 Haripriya Gundimeda, Gopal Kadekodi and Aparajita Singh ix
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