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Aspects of India's Economic Growth and Reforms   
Aspects of India's Economic Growth and Reforms


r nagAraj

Hard Bound Book   :   Pages : 352
2006  Edition         :   ISBN - 81-7188-430-X
Price : Rs. 795.00;  US $ 59.95
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R Nagaraj, a development economist well-known for his research and analytical writings on industrial development, economic growth and reforms in India, has compiled the present volume, offering readers some of his important writings on the subject. Studies included in this volume, carried out over a decade, represent an effort to grapple with a few contemporary issues of economic growth, industrial change and policy initiatives in India. These studies are motivated by the desire to carefully examine some of the widely held propositions on the aggregate and sectoral economic performance, premises of a few reform measures and the outcome of some aspects of the economic reforms initiated in the 1990s.

A crisp Introduction by the author provides a brief background to these studies, situates them in the relevant literature and indicates how they contributed to the ongoing discourse on economic analysis and policy. The two abiding concerns in these studies are (i) to examine the quality of statistics employed as they could have a bearing on research findings and their interpretation, and (ii) to provide analyses of a relatively long period to eschew hasty inferences from limited observations.

Aspects of India’s Economic Growth and Reforms promises to be a valuable reference for all concerned—students, economists and policymakers alike.


R. Nagaraj is Professor at the Indira Gandhi Institute of Development Research (IGIDR), Mumbai. He obtained doctoral degree in Economics from the Jawaharlal Nehru University, New Delhi (at the Centre for Development Studies, Trivandrum, Kerala), and Masters degree from the Birla Institute of Technology and Science, Pilani, Rajasthan.


List of Figures and Tables



Part I 
Macroeconomic Performance


Growth Rate of India's GDP, 1950-51 to 1987-88: Examination of Alternative Hypotheses


What has Happened since 1991?: Assessment of India's Economic Reforms


Indian Economy since 1980: Virtuous Growth or Polarisation?


Part II 
Industrial Growth


Growth in Manufacturing Output since 1980: Some Preliminary Findings


Industrial Growth: Further Evidence and Towards an Explanation and Issues


Performance of India's Manufacturing Sector in the 1990s: Some Tentative Findings


Industrial Policy and Performance since 1980: Which Way Now?


Part III 
Some Aspects of Economic Policy


Public Sector Performance in the Eighties: Some Tentative Findings


Macroeconomic Impact of Public Sector Enterprises: Some Further Evidence


Employment and Wages in Manufacturing Industries: Trends, Hypothesis and Evidence


India's Capital Market Growth: Trends, Explanations and Evidence


Foreign Direct Investment in India: Trends and Issues



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