India Development Report 2012-13

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India is today a $1.8 trillion economy, the fourth largest in the world. Its robust and dynamic economy has achieved much in the last two decades of the reform period. How has the Indian economy been performing?

What should be done to revive GDP growth? How can infl ation be controlled? Is fi scal policy pro- or countercyclical in India? Providing answers to topical questions as these, this India Development Report, the seventh in the IDR series, examines:

Macroeconomic developments and the growth process Performance of agriculture, manufacturing, and services sectors Issues related to borrowings by Indian firms Energy security and climate change Urban civic services, urban migration, and urban mobility Poverty, inequality, and human development; and Emerging issues such as corruption and governance failures.

IDR 2012-13 provides a comprehensive assessment of the post-reform performance of the Indian economy and the policies needed in the next decade and beyond to achieve the ‘faster, more inclusive and sustainable growth’ envisaged in the Twelfth Five Year Plan.

ABOUT THE AUTHOR S. Mahendra Dev

S. Mahendra Dev is presently the director of Centre for Economic and Social Studies, Hyderabad. He did his Ph.D. from the Delhi School of Economics and his Post-doctoral research at the Economic Growth Centre, Yale University and was faculty member at the Indira Gandhi Institute of Development Research, Mumbai for 11 years. He was Senior Fellow at Rajiv Gandhi Foundation during 1996-97 and Visiting Professor at University of Bonn, Germany in 1999. He has written extensively on agricultural development, poverty and public policy, food security, employment guarantee schemes, social security, farm and non-farm employment. He has more than 70 research publications in national and international journals. He has been a consultant and advisor to many international organisations like the UNDP, UNICEF, World Bank, International Food Policy Research Institute and ESCAP. He has been a member of several government Committees including Prime Minister's Task force on Employment.