India’s Economy 2024: Disparities in Fractured Democracy

INDIA'S ECONOMY 2024: Disparities in Fractured Democracy

About the Book

India’s Economy 2024 is an account of the Indian economy and society reflecting on some key aspects that impacted on the quotidian life and livelihood of the people of India. This is an effort of the Indian Political Economy Association, which carries the mandate of critically reviewing the Indian economy and society, to produce knowledge based on facts culled out from government sources. The scope of the discussion in the articles featured in this collection spans the past four decades with an aim to reflect upon the entire reform process, but with a specific focus on issues of contemporary relevance.

Editorial Board

• Kamal Nayan Kabra
• V. Upadhyay
• Surinder Kumar
• Surajit Mazumdar
• R.V. Ramana Murthy
• Balwinder Singh Tiwana

Contents

Preface

1. The State of the Indian Economy: Myth and Reality – Surajit Mazumdar
2. Global Factors’ Impact on India’s Medium-term Economic Prospects  – V. Upadhyay
3. Why India’s Democracy is Declining – Zoya Hasan
4. Political Economy of Fiscal Federalism in India: Limits and Priorities – R.V. Ramana Murthy and Vijay Kumar Venna
5. Beyond GDP: Toward People-centric Development – Kamal Nayan Kabra
6. NPA Crisis in India’s Banks: An Appraisal – Santosh Kumar Das
7. Climate Change and Environment Issues in Post-liberalized India – Nitya Nanda and Susmita Mitra
8. Recent Inflation and Redistribution of Income in Favor of the Rich – Satyaki Roy
9. For a Wage-led Revival of Indian Manufacturing – Jayan Jose Thomas
10. Fertilizer Decontrol in India: Making of a Crisis – Vikas Rawal and Prachi Bansal
11. Indian MSMEs in Policy: Misses and Messes – Keshab Das
12. Impact of New Labour Codes on Workers – Kingshuk Sarkar
13. The Political Economy of Power Sector Restructuring in India Since 1991 – Surinder Kumar, Kulwant Singh and Rajesh Kumar
14. Food Security in India – Dipa Sinha and Raj Shekhar Singh
15. National Education Policy 2020: Rhetoric vs Reality – Sachidanand Sinha
16. Trajectory of Health Sector Reforms and Their Consequences – Indranil
17. An Evaluation of Farmers’ Protest 2020–21 with Emphasis on Economic Conditions in the Past, Successes, and Challenges – Balwinder Singh Tiwana and Harjinder Singh

Contributors