This volume includes contributions by some of the most distinguished economists/experts and provides rare insights into India’s development journey through time and space—the successes and failures, and the new challenges emerging from integration with the world economy. Opportunities offered by the forces of globalisation offer India immense scope to improve the quality of life of its people provided appropriate policies are put in place. India’s Economy: A Journey in Time and Space, is the hundredth volume of Economic Developments in India. This is a selection of 20 articles from over 500 published in Economic Developments in India since its inception in 1998 upto December 2005. This volume, in three sections, covers the most vital issues relating to the journey: (i) Growth, Poverty and Reforms (ii) Globalisation and (iii) Sectoral Developments: Agriculture, Industry, Financial and External Sectors. The general message which emerges is that India’s future problems are no doubt large but manageable. In this context, the book examines the challenges ahead, outlines policies, and identifies lacunae in their implementation, which lie at the root of most of the difficulties facing the nation today. Covering a broad range of critical issues, the book will be of interest to policy-makers, researchers, students of Indian economy and India-watchers.
ABOUT THE AUTHOR Raj Kapila
Raj Kapila is the Director and Chief Editor of Academic Foundation, Delhi. He has written extensively and is also the author the following publications : The story of Industrialisation : Industries the world Over ( 1962 ), The Time Demands : A politico-Economic Analysis of Present-day India ( 1966 ), India at Cross : After 25 years of Independence ( 1972 ). Recently he co-edited with Dr. Uma Kapila, a six volume study entitled Understanding India's Economic Reforms. This was very well received and consequently led to the evolution of the concept of " updates " on Indian Economy. Together, they have also edited banking & Financial sector Reforms in India ( 6 vols.,1998). Presently, he is co-editing with Dr. Uma Kapila book series entitled Economic Developments In India.
ABOUT THE AUTHOR Uma Kapila
Uma Kapila is Reader in the Department of Economics, Miranda House, University of Delhi. She has been teaching the subject of Indian Economy to undergraduate students for over forty years now. An Honours Graduate from Miranda House, University of Delhi and M.A. and Ph.D. from Delhi School of Economics, Dr. Uma Kapila has also served on the Planning Commission Study Group on "Agricultural Strategies in the Eastern Region of India for the Seventh Five Year Plan" (Perspective Planning Division). Dr. (Mrs.) Uma Kapila is the author of the book entitled Oilseeds Economy of India (1982) published by the Institute of Economic Growth. She is also the author of two textbooks on Indian Economy, one meant for B.Com. (Hons.), and the other for B.A. (Pass) / B. Com. (Pass) / Eco. (Subsidiary). She has also co-edited along with Mr. Raj Kapila, a number of books on India's economy, banking and finance. Some of her major and recent publications are listed inside (page 2). Detailed information on these publications is readily available at the publishers's website: www.academicfoundation.com.
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