Datt and Sundharam's Indian Economy / Gaurav Datt & Ashwani Mahajan

This book presents a comprehensive survey of the Indian Economy in terms of GDP growth, savings, investment and developments in various sectors such as agriculture, industry and services. A contradiction observed in India is that while the reform process has resulted in boosting GDP growth, it has failed to yield acceleration in the process of poverty reduction and growth of employment.

A thorough revision of the book was necessitated by these rapid changes taking place in the Indian economy. Readers will appreciate that economic scenarios, both at the global and national levels, have been changing continuously. It has been our endeavour to introduce new analysis by way of adding new sections and revising existing chapters for a better understanding of the evolving problems and opportunities for the Indian economy. A new chapter on 'Fourteenth Finance Commission (2015-20)' has recently been added in the book.

Union Budget 2021-22: Fiscal Policy in Pandemic Times
NITI Aayog
National Income Estimates Based on New Series
Foreign Trade Policy 2015-2020
Emerging Issues in Black Money Stashed Abroad

PART I—STRUCTURE OF THE INDIAN ECONOMY
India as a Developing Economy
Indian Economy on the Eve of Independence
National Income of India
Human Resources and Economic Development
Human Development in India
Occupational Structure and Economic Development
Natural Resources, Economic Development and Environmental Degradation
Infrastructure in the Indian Economy
Social Infrastructure and Social Sector
PART II—PLANNING AND ECONOMIC DEVELOPMENT
Objectives and Strategy of Economic Planning in India
Industrial Policy and Indian Planning
Public Sector and Indian Planning
Disinvestment of Public Enterprises
Redefining the role of the State
Privatisation and Economic Reforms
Globalization and its impact on India
Planning Experience in India
Tenth Five Year Plan (2002-2007)
Eleventh Five Year Plan and Inclusive Growth
An Approach to the Twelfth Five Year Plan (2012-17)
The Problem of Capital Formation
Foreign Capital, Foreign Aid and Economic Development
Poverty and the Planning process in India
The Parallel Economy in India
Unemployment in India
Inequality and Concentration of Economic Power in India
Prices, Price Policy and Economic Growth
Balanced Regional Development
PART III—AGRICULTURE IN THE NATIONAL ECONOMY
Indian Agriculture under the Five Year Plans: The Green Revolution
Food Security in India
Irrigation and other Agricultural Inputs
Land Reforms
Size of Farms and Productive Efficiency
Organisation of Rural Credit in India
Agricultural Marketing and Warehousing
Agricultural Labour​
PART IV—INDIAN INDUSTRIES

Industrial Pattern and the Plans
Some Large-Scale Industries
Information Technology (IT) Industry
Small-Scale Enterprises
Labour Problems and Labour Policy
Unorganised Sector and Informalisation of the Indian Economy
Second National Commission on Labour​
PART V—THE TERTIARY SECTOR IN THE INDIAN ECONOMY

The Foreign Trade of India
India's Balance of Payments
Special Economic Zones
GATT, WTO and India's Foreign Trade
Indian Currency System
Indian Financial System: Commercial Banking System
Indian Financial System II: Money and Capital Markets in India
The Reserve Bank of India and Monetary Management
Indian Public Finance
Financial Relations between the Centre and the States
Thirteenth Finance Commission (2010-15)
Fourteenth Finance Commission (2015-20)
Government Subsidies in India
Abbreviations