Indian Economy Problems of Development and Planning

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This book, in its present 37th edition, has been extensively revised and updated on the basis of latest available information on the subject. Besides, additional reading material has been incorporated wherever necessary such as in respect of Eleventh Five-year Plan. The aim in doing all this has been to highlight the recent trends and developments in the economy as also the policy measures adopted by the Government to tackle them. This will help better understanding of the subject-matter as also the evaluation of the progress of the country's economy. The utility of the book will thus increase further. To equip the reader with the analytical tools for understanding the Indian economy, the first two chapters explain the economics of underdevelopment and development. The next two chapters give an overview of the past and the present state of the indian economy. Considerable space is then devoted to the study of national income, its industrial origin and its distribution as also poverty. Sectoral problems bearing on agriculture, industry and services have been dealt with in detail. Current problems like price-rise, deficit in government budgets, deficits in balance of payments, unemployment, farm-size and efficiency, industrial sickness, foreign direct investments, debt burden, convertible rupee system, privatisation of public sector etc. have been given due place and analysed in detail. Planning and its various aspects have been comprehensively explained. These include: features and obejective of planning; centralised and decentralised planning; strategy of development; financing of plans; progress under planning with a section evaluating the tenth Paln. A separate chapter deals with the main aspects of the Eleventh Plan. The last chapter of the book highlights India's place in the world economy. Latest information on the current major issues have been added through data tables in the Appendix. The book would be extremely useful to students preparing for degree courses in Indian universities as well as to the candidates of various professional and competitive examinations. To help them in their studies, several questions corresponding to various chapters, have been appended at the end of the book.

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A.N. Agrawal, educated at Allahabad, served as a senior lecturer at Reamjas College, University of Delhi. He is a well-known author of several books which have been well received both within the country and abroad. The London Economist profusely praised his Indian Agriculture and its Problems, while the Problems of Cooperative Farming in India (co-authored with Prof. A.M. Khusro) won the Government of India Award. Table of Contents Preface to the 37th Edition Preface to the 1st Edition 1. Underdevelopment 2. Development 3. Indian Economy: A Historical Perspective 4. Present State and the Perspective 5. Economic Reforms 6. Natural Resources 7. Population Growth and Urbanisation 8. Population: Development and Policy 9. Human Capital 10. Workforce and Occupational Structure 11. Unemployment and Employment 12. Economic Infrastructure 13. National Income; Measurement, Growth and Industrial Origin 14. Income Distribution and Poverty 15. Capital Formation 16. Domestic Saving 17. Agriculture: Role Backwardness and Progress 18. Crops, Production, Productivity, Inputs and Surpluses 19. Land Reforms 20. Farm-size and Efficiency 21. Agricultural Labour 22. Agricultural: Mechanisation and Green Revolution 23. Agricultural Finance and Rural Indebtedness 24. Marketing of Agricultural Produce 25. Agricultural Prices 26. Cooperative Movement 27. Food Problem and Public Distribution System 28. Rural Development 29. Industrial Growth: Performance and Problems 30. Small-scale and cottage Industries 31. Public Sector and private Sector 32. Industrial Finance 33. Monopoly, concentration and Multinationals 34. Industrial Labour 35. New Industrial Policy 36. Financial System 37. Money and Money Market 38. Reserve bank and Monetary Policy 39. Commercial Banks 40. Prices, Money and Inflation 41. Central Finances and New Fiscal Policy 42. Tax Structure: Problems and Reforms 43. Agricultural Income Tax, Expenditure Tax, Modvat and Service Tax 44. Parallel Economy 45. Public Debt and Dificit Financing 46. Federal Finances 47. Balance of payments: Problems and Policies 48. Foreign Trade: Trends and Problems 49. New Trade Policy: Features and evaluations 50. WTO: Features and Assessment 51. Rupee: Exchange rate and convertibility 52. Foreign Capital 53. Economics Planning: Features and Objectives 54. Planning: Centralisation and Decentralisation 55. Strategy of Development 56. Financing of Plans 57. Progress under Planning 58. Tenth Five-Year Plan (2002-2007) 59. India and the World Economy 60. Eleventh Five Year Plan (2007-2011) Appendix A : Tables Appendix B : Sample Questions Bibliography