Understanding the Indian Economy from the Post-Reforms of 1991, Volume III
Language: English
Published by Business Expert Press, US, 2021
- Softcover
- New
Seller: Rarewaves.com UK, London, United KingdomRarewaves.com UK
AbeBooks seller since June 11, 2025
Condition: New
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In 1991, India adopted liberal and free-market principles and liberalized its economy. The economic reforms provided the market orientation to the economy to improve efficiency and productivity. The country's economic growth progressed with a relatively moderate increase in per-capita income. The economic reform has brought the challenge and the economy is in an adjustment mode the important factor is the smooth implementation of reforms.Currently India is called a developing economy. Macroeconomic variables help in obtaining a picture of major structural changes in India's economy. Such changes accompany economic development. The economy of India is the fifth-largest in the world by nominal GDP and the third-largest by purchasing power parity (PPP). The country is one of the G-20 major economies and a member of BRICS. According to the IMF, on a per-capita-income basis, India ranked 142nd by nominal GDP and 126th by GDP (PPP) in 2018.India is the 21st largest exporter and the 11th largest importer in the world. For the sake of analysis the book will be divided into the following seven parts: Part I Anatomy of Indian Economy; Part II Agriculture Reforms; Part III Industrial Reforms; Part IV Financial Sector Reforms; Part V Fiscal and Monetary Policy Reforms; Part VI External Sector Reforms; Part VII Contemporary Issues in Indian Economy.…
Seller Inventory # LU-9781953349460
- Title
- Understanding the Indian Economy from the Post-Reforms of 1991, Volume III
- Author
- Shrawan Kumar Singh
- Publisher
- Business Expert Press, US
- Publication year
- 2021
- Condition
- New
- Binding
- Paperback
- Language
- English
- ISBN 10
- 1953349463
- ISBN 13
- 9781953349460
- Item weight
- 333 grams
The agricultural sector is impacted by and impacts the society, economy, and environment. No study of the Indian economy can afford to neglect the agricultural sector. Although its share in the national product has declined, it harbors not merely half of the labor force; it has also vital supply and demand links with the manufacturing sector.
This is the third volume in the series of eight such volumes. Each volume seeks to present an analysis of a specific area or sector of the Indian economy. This volume examines various aspects of India’s agricultural sector.
Three of the basic foundations needed for building a sound agricultural economy are a productive technology package, efficient delivery services, and remunerative and stable market prices for produce. The federal structure of government and policies belong primarily to the realm of political economy. Policy interventions need to focus on ensuring remunerative prices for farmers, credit, supply chain, and marketing and make the farmer market ready.
Though policymaking is difficult, the toolkit of good governance of agriculture becomes more important and regulations need improvement. For better policy planning, there is a need to improve upon the database on agriculture, considering that the existing data is unreliable.
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