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The debate around growth has been an important feature of economic planning in India since Independence. This book deals with the wide range of issues related to the country's growth and development between 1951 and 2011, covering the 11 Five Year Plans formulated and...
The Green Revolution resulted in spectacular advancements in Indian agriculture. Having achieved food security for its citizens, the country has now become a net exporter of different agricultural commodities. But sadly, this does not reflect the real state of the...
From the end of the eighteenth century, two distinct global processes began to transform livelihoods and living conditions in the South Asia region. These were the rise of British colonial rule and globalization, that is, the integration of the region in the emerging...
In the last four decades the world has been significantly impacted by globalization and rapid technological changes. This in turn had major effects on the global economy. Several developing and socialist economies that earlier followed closed door and import...
What is artificial intelligence (AI)? How did it evolve over the years and what is it going to look like in the future?What are the opportunities and risks associated with AI? Where does India stand among the global AI ecosystems? This book answers these questions and...
Principles of Macroeconomics is a lucid and concise introduction to the theoretical and practical aspects of macroeconomics. This revised and updated third edition covers key macroeconomic issues such as national income, investment, inflation, balance of payments,...
In mankind’s relentless quest for prosperity, Nature has suffered great damage. It has been treated as an inexhaustible reserve of resources. The indefinite scale of global expansion is still continuing and now the earth’s very survival is under threat. But against this...
Between 1991 and 2010, Dhaka’s population more than doubled to 15 million. Simultaneously, the city’s contribution to the national economy almost trebled. Clearly, population growth was accompanied by an unmistakable trend of economic growth, and a significant decline...
‘Philosophy has to be deductive, poetry romantic, plays and fiction humorous, and politics intriguing if they are to catch my attention,’ writes Kaushik Basu. All these interests are on display in An Economist’s Miscellany, which brings together an eclectic collection...
Over the last two decades, a fascinating growth story has unfolded in India. Yet, the improvement in material conditions for the country’s vast majority has not kept pace with that growth. This is mainly because India is still grappling with poor employment conditions...
The Economic Survey is the budget document of the Government of India, which is presented in parliament every year. It presents the state of affairs of the Indian economy. Economic Survey 2018-19 consists of two volumes, which analyse the performance of the Indian...
After a phase of slow growth post Independence, the Indian economy has experienced significant changes since the mid-1980s as a result of major reforms. India’s growth story has defied established economic patterns and, in the process, created interesting paradoxes...
In the realm of trade, there exists a long tradition of labelling products with the emphasis on their place of origin to convey their quality. These products with Geographical Indications (GIs) tag, in the parlance of intellectual property rights, indicate the link...
Human Development in an Unequal World deals with the twenty-first-century challenges of unstable economic growth and sustainability and the re-emergence of deprivations and inequalities in multiple realms. It argues that the broader perspective of human development is...
Telecommunications was vital to the imperial project and connecting India—the jewel in the British crown—was a key priority. However, intercolonial rivalries outside and within India as well as contestations between private and public ownership of telecommunications...
Amiya Kumar Bagchi’s Merchants and Colonialism is a landmark work in economic history and sociology. The author shows us how colonial rule put traders and manufacturers under immense pressure, forcing them to look for survival strategies in a changed economic...
Close to the turn of the century and almost 45 years after Independence, India opened its doors to free-market liberalization. Although meant as the promise to a better economic tomorrow, three decades later, many feel betrayed by the economic changes ushered in by this...
Effective policymaking is based on economics which is a blend of empiricism as well as theory. It needs to be grounded not only in data, statistics, and the regularities observed therein, but also analytics, deductive reasoning, and logic, which are the constituents of...
Electricity is critical to enabling India’s economic growth and providing a better future for its citizens. In spite of several decades of reform, the Indian electricity sector is unable to provide high-quality and affordable electricity for all, and grapples with the...
Today’s international climate is one of disorder. A League of Dictators (China, Russia, Iran) is threatening the superpower status of the United States of America, and the liberal international order it has underwritten. A piecemeal Third World War seems to have begun....
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