India Development Report 2015

Paperback | April 2, 2015

byS. Maendra Dev

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According to recent estimates, India is the third largest economy in the world after USA and China in terms of purchasing power parity. More significantly, the country witnessed a major shift in political leadership when a clear mandate was provided to the BJP-led NDA coalition in the nationalelections in May 2014. This has empowered the new government to take bold economic decisions to meet the short- and longer-term challenges of this country. Accelerating growth is the immediate challenge for the new government as it is expected to deliver on the economic front as well as on the social front. It has to bolster businesses as well as the common people. India, aspiring to be a global power, must promote harmonious and inclusivesocio-economic development. Keeping this in mind, many crucial questions are raised: How has the economy been performing? What should be done to revive GDP growth? What is the relationship between investment and growth? How to address India's vulnerability to external crises? How to controlinflation? How to achieve social and environmental goals? Providing answers to these and other such questions, this volume, the eighth in India Development Report series, examines: * macroeconomic developments and economic growth, inflation, and external shocks* investment and growth nexus* dynamics of a firmas competitive behavior* small enterprises and the corporate debt market* oil and gas price reforms and agriculture, changing face of rural areas, food inflation, and food security* health and health care, and health insurance* and corporate social responsibility, climate change, urban sustainability, transport, and sustainable development. The Report includes a statistical appendix, which is a treasure trove of various economic and social indicators and helps provide an independent assessment of the Indian economy.

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According to recent estimates, India is the third largest economy in the world after USA and China in terms of purchasing power parity. More significantly, the country witnessed a major shift in political leadership when a clear mandate was provided to the BJP-led NDA coalition in the nationalelections in May 2014. This has empowered t...

S. Mahendra Dev is Director (Vice Chancellor), Indira Gandhi Institute of Development Research (IGIDR), Mumbai. An autonomous advanced research institute, IGIDR is also a deemed university established by the Reserve Bank of India in 1987.
Format:PaperbackDimensions:568 pagesPublished:April 2, 2015Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199459452

ISBN - 13:9780199459452

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Table of Contents

List of TablesList of FiguresList of BoxesList of Statistical ProfileList of AbbreviationsList of Contributors1. S. Mahendra Dev and C. Veeramani: Overview: Accelerating Growth and Development Challenges in Short and Long TermsIntroductionMacroeconimic PerformanceSectoral IssuesSocial Development and Welfare IssuesEnvironmental and Sustainability IssuesWay Forward for "Good Days"References2. Manoj Panda: Macroeconomic Developments and Challenges for GrowthIntroductionMacroeconomic DevelopmentsPolicy Challenges for High GrowthConclusionReferences3. Ashima Goyal: External ShocksIntroductionThe Degree of OpennessCAD: Excess Demand or External and Sectoral Shocks? Policy FailuresReducing the Impact of External Shocks on the Exchange RateExchange Rate Regime and Inflation TargetingThe Way ForwardReferences4. Pankaj Kumar and Naveen Srinivasa: Unravelling India's Inflation PuzzleIntroductionEstimating India's Potential Growth: A Time Series ApproachEvaluating the RBI's Policy Response to these DevelopmentsConclusionReferences5. R. Krishnan and Rajendra R. Vaidya: Investment Growth Nexus: Cyclical Evidence from IndiaIntroductionA Brief Literature ReviewData Sources and Behaviour of Components of InvestmentMethodology: Measuring the Cyclical ComponentEmpirical ResultsConclusionReferences6. Shovan Ray: The Changing Face of Rural IndiaThe Diversity of Indian ExperienceWorking Patterns across SectorsIrrigated, Coastal, and Rainfed Farming SystemsRural LivelihoodsRise in Rural Non-farm ActivitiesMigrations and Their TrailsRural Incomes, Poverty and DeprivationsAmenities of Rural Life in IndiaConclusionReferences7. Rupayan Pal: Dynamics of Firmsa Competitive Behaviour in Indian Manufacturing Industries: 1971-2010 96IntroductionPolicy BackgroundThe DataEvolution of PCM across Manufacturing Industries: 1971-2010Econometric Evidence: Firm's Characteristics, Reforms, and Firm-level PCMsDrivers of Industry-specific Competitive Dynamics: A Decomposition AnalysisConclusionReferences8. K.V. Ramaswamy: Small Enterprises in Indian Manufacturing and Inclusive Growth: Search for Compensatory MechanismsIntroductionRole of Small Enterprises in Employment, Job Creation, and PovertyEvolution of Size Structure and Compensatory MechanismData and DefinitionsEmployment Change by Type of Enterprise: 2001-11What Could Be Done to Boost Small Enterprises and Employment Growth?ConclusionReferences9. Rajeswari Sengupta and Vaibhav Anand: Corporate Debt Market in India: Issues and ChallengesIntroductionCurrent Status of Indian Corporate Debt MarketSupply Side IssuesAnalysis of the Recent Public IssuancesRecent Steps to Address Supply Side IssuesDemand Side IssuesRecent Steps to Address Demand Side IssuesSecondary Market IssuesWholesale Debt Market (WDB)Risk and Hedging Related Issues: CDSRisk and Hedging Related Issues: Interest Rate FuturesConclusionReferences10. A. Ganesh-Kumar and Nitin Harak: Oil and Natural Gas Price Reforms and Its Impacts on Indian AgricultureIntroductionOil and Natural Gas Sector: Some Stylized FactsAgriculture and Its Linkages with the Oil and Natural Gas SectorMethodology and DataScenario SpecificationResultsConclusionReferences11. S. Mahendra Dev, Vijay Laxmi Pandey, and Andaleeb Rehman: Food Inflation in India: Implications for Food Security and Policy OptionsIntroductionElements of Food InflationPersistence in InflationFactors Driving Food InflationInflation in Some of the Specific CommoditiesPolicies for Reduction in Food InflationReferences12. Sudha Narayanan: Food Security in India: A Review of Current DebatesIntroductionThe Challenge of Food Security in IndiaThe National Food Security Act: Claims and ContestationsIndia and the WTO Agreement on AgricultureSustainable Nutritional SecurityConclusionReferences13. Subrata Mukherjee: Health and Health Care in India: Current Scenario and New ChallengesIntroductionLinkages between Health, Poverty, and DevelopmentHealth StatusAccess to and Utilization of Health CareHealth Expenditure and Health FinancingHealth Interventions and ProgrammesEmerging IssuesConclusionReferences14. Basudeb Chaudhuri, Namrata Gulati, Apara Banerjee, Ahana Roy, Imdadul Halder, and Safayet Karim: Assessing Health Care Scenario and Willingness to Pay for Health Insurance in Slums of Mumbai and Its PeripheryIntroductionExisting Health Insurance SchemesHealth Insurance Schemes for MaharashtraMethodologyMain Findings from the SurveyWillingness to Pay for Health InsuranceFactors Impeding Health Insurance AffiliationConclusionReferences15. Jayati Sarkar and Subrata Sarkar: Bridging the Welfare Gap? Corporate Social Responsibility in IndiaIntroductionCSR in IndiaaThe Legal FrameworkWhy Corporate Social Responsibility?Regulatory Approaches to CSRLooking Back to Look Forward: CSR Practices of Indian CompaniesMandatory CSR: Prospects and ChallengesReferences16. S. Chandrasekhar: By Chance or Design: India's Makeover since 2001IntroductionWhere does India Live?Progress towards Development GoalsConcerns over Labour MarketFinancial InclusionLooking AheadReferences17. Vinod Kumar Sharma: Climate Change and Its Impacts: Understanding Some Facts, Myths, and ControversiesIntroductionSome Global Warming FactsClimate Change NegotiationsMyths and ControversiesStance of Developing CountriesThe Way ForwardConclusionReferences18. B. Sudhakara Reddy: An Odyssey to Sustainability: The Urban Archipelago of IndiaPrologueMethodologyGrowing Cities, Green Cities, and aJusta CitiesSustainability: An Elusive Goal?The Task AheadReferences19. Sudhakar Yedla: Indian Transportation and Its SustainabilityIndian Transportation: The Present SituationTransportation and Sustainability IssuesIndian Planning and Sustainable Transport: Way ForwardReferencesA Statistical Profile of India's Development