Current Issues Before Indian Economy

This book takes up the ongoing challenges faced by the Indian economy, polity and society in the present days. The focal point of current debate in Indian economy pertains to the policy shift in favour of the market indicating a departure from the socialistic pattern, corruption and inefficiency of the government sector, generic problems of abject poverty and huge unemployment, functioning of the democratic institutions and their interference in long term economic development agenda, and the sustainability of growth. However, the problem faced by Indian economy pertains more to less development and not excess of development and poverty. The subject matter of the book pertains to the development challenges before the Indian economy. The work is divided into seven parts to focus and study the issues faced by political economy since independence of the country. It attempts to present a brief account of India’s development experience of past sixty-one years. The country, in the recent past, has headed towards split mandates in the polity and thereby an era of alliance governments formed under compulsions has begun. Economic development agenda coming out of these compromises with insecurity of tenure brings to the fore something novel and unheard of. As a result the economic policies prepared and advocated by one political party is vetoed by other political parties in power.