Institutions and Markets in India's Development: Essays For K.N. Raj

This volume discusses key themes and issues in India's development since independence. The contributors are significant players in the development debate. They come together to revisit themes that K.N. Raj, one of India's most eminent economists, engaged with in a career spanning several decades. Divided into sections examining macro trends, sectoral issues, and specific growth experiences, the collection brings out the enduring relevance of these themes in today's rapidly changing Indian economy. · The macro-economy section examines shifts in the economic policy paradigm, quest for inclusive growth, sources of economic growth, and macroeconomic puzzles in the past decade · The second section reviews the preference for land, India's savings performance since 1950, and recent technology policy initiatives · Industrial growth in India and China, agriculture-industry interactions, and the sacred cow controversy are discussed in section three · The fourth section analyses strategies for labour movement and conceptual and measurement issues relating to employment and unemployment in developing countries, as well as growth of work opportunities in India · The Kerala Model of Development and the factors behind the state's growth, as well as the outcomes of Democratic Decentralization in some other states are discussed in the final section