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In this volume, leading economists assess India's economic performance, policies and institutions.
List of contents
1. Introduction Nicholas C. Hope, Anjini Kochar, Roger Noll and T. N. Srinivasan; Part I. The Macro Economy: 2. Federalism and economic development in India: an assessment Nirvikar K. Singh and T. N. Srinivasan; 3. India and China: trade and foreign investment Arvind Panagariya; 4. Financial sector reforms and monetary policy: the Indian experience Rakesh Mohan; Part II. Institutional Reforms: Agriculture and Education: 5. Land reform, decentralized governance and rural development in West Bengal Pranab Bardhan and Dilip Mookherjee; 6. Market-driven agricultural growth: contrasting experiences in Punjab and Rajastham Peter Hazell, Abhijit Sharma and Laurence Smith; 7. India's higher education opportunity Naushad Forbes; 8. Improving the quality of rural primary schools: an evaluation of a computer aided learning program in south India Verghese Jacob, Anjini Kochar and Suresh Reddy; Part III. Employment, Industrial Structure and Poverty: 9. The missing middle Anne O. Kreuger; 10. Some aspects of the trends in employment and unemployment in Bihar and Kerala since the seventies T. N. Srinivasan and Treb Allen; 11. Size matters: urban growth and poverty in India 1983-2005 Peter Lanjouw and Rinku Murgai; Part IV. Infrastructure: Electricity and Transportation: 12. An assessment of Indian telecommunications reform Roger Noll and Scott Wallsten; 13. Managing demand-side economic and political constraints on electricity industry restructuring process Frank A. Wolak; 14. Moving India: the political economy of transport sector reform Nirvikar K. Singh and Jessica S. Wallack.
About the author
Nicholas C. Hope has served as Director of the Stanford Center for International Development at Stanford University since 2007; from 2000 to 2007 he was the Center's Deputy Director. Dr Hope joined the World Bank in Washington DC in 1977 and held positions through 2000 as chief of the external debt division, chief of the industry and energy division for Indonesia and the Pacific Islands, country director for China and Mongolia, resident director in Indonesia, and director in the office of the vice president for Europe and Central Asia. He co-edited two volumes in 2003 and 2008 on Chinese policy reform. Dr Hope received his Ph.D. from Princeton University.Anjini Kochar is Senior Research Scholar and has served as India Program Director at the Stanford Center for International Development since 2000. From 1990 to 2000 she was an Assistant Professor in the Department of Economics at Stanford University. Her research has concentrated on poverty and rural development in India, and has appeared in the Journal of Political Economy, The Review of Economics and Statistics and The American Economic Review among other publications. Dr Kochar is also an associate editor of Economic Development and Cultural Change. Her Ph.D. in economics was awarded by the University of Chicago.Roger Noll is Professor of Economics Emeritus at Stanford University and Senior Fellow at the Stanford Institute for Economic Policy Research. Previously, he served as a Senior Economist at the President's Council of Economic Advisors and as a Senior Fellow at the Brookings Institution in Washington DC, and as Institute Professor of Social Science, California Institute of Technology. Professor Noll has published 14 books and written more than 300 professional articles on technology policy, regulation and privatization, and the political economy of public policy and public law. He has been a member of numerous federal and state commissions and advisory boards.T. N. Srinivasan is Yong Pung How Chair Professor at the Lee Kuan Yew School of Public Policy, National University of Singapore, Samuel C. Park, Jr Professor of Economics Emeritus at Yale University and a former visiting fellow at the Stanford Center for International Development. The author and editor of numerous books and professional articles on world trade, development economics and econometrics, he is a fellow of the Econometric Society, the American Academy of Arts and Sciences, the American Philosophical Society and a foreign associate of the US National Academy of Sciences. He received the Padma Bhushan decoration in 2007 from the President of India for his contributions to literature and education.
Summary
These essays are written by leading economists working on the Indian economy. They emphasize the importance of policies and institutions for growth and poverty reduction, stressing that the success of sector-specific policies is dependent on the nature of markets and the functioning of institutions including those charged with regulating critical sectors.
Additional text
'This is a comprehensive critical analysis of economic reforms in India in various important sectors of the economy. The contributors to the volume are well-known scholars on Indian economy, and in this volume they not only make lucid and critical analysis of the reforms undertaken so far but also underline the unfinished tasks. The book is a must-read for students, scholars, and policy makers of Indian economy alike.' M. Govinda Rao, Director, National Institute of Public Finance and Policy, New Delhi
