Indian economy has witnessed multi-dimensional changes during post-reform period. Actually, economic reforms initiated in the year 1991 have divided economic history of India into two parts viz., pre-reforms and post-reforms economy of India. Needless to mention, these reforms have not only influenced the macro aggregates of our economy but different individual economic sectors also. At the same time this has opened many new economic issues for discussion. Moreover, these reforms have divided the fraternity of economists into two groups — one which applauds the miracles of reforms and opines that the reforms are panacea for all ailments of the economy and the other one is highly critical of the very philosophy of reforms and their introduction in India. There is another group, which adopts the safe mid-path. It agrees on the point that openness is essential but not at the cost of national interests. As such three distinct groups of economists are pondering over the issues of reforms and take their stands as suitable to their rationality. This has necessitated taking an overall account of the implications of economic reforms. The present book is the outcome of this endeavour only.
This book consists of three sections. Section I is devoted to the reforms in the economic sector, whereas sections II and III deal with the reforms in the social sector and federal finances respectively. In total 48 papers authored by reputed economists of India are being presented in this book. Each paper presents an in-depth analysis substantiated by the latest facts and figures.
It is hoped that the book would be found highly useful by students, research scholars, teachers and policy makers. The book would also be found of great interest by the layman interested in following the changing trends of Indian Economy.
A.D.N. BAJPAI [b. 1956, Hardoi] Ph.D. is Professor and Head, Department of Post-graduate Studies and Research in Economics and Chairman, Board of Studies in Economics Rani Durgavati University, Jabalpur, Madhya Pradesh. Formerly, he was Director, University Institute of Management.
He has completed seven research projects funded by ICSSR, UGC, MAPCOST, Government of Madhya Pradesh and Ford Foundation. He has supervised 18 doctoral theses, and has delivered lectures at several Academic Staff Colleges in India.
He has specialised in Economic Theory, Economics of Energy and Infrastructure. He has 24 years of experience of teaching Post-graduate classes and research in various fields of economics. He has published Seven Books, two monographs and 90 papers.
P.K. Joshi [b. 1957, Almorha] M.Com., Ph.D. is Professor and Director, University Institute of Management and Chairman, BOS in Management, Rani Durgavati University, Jabaipur, Madhya Pradesh. He has specialized in Financial Management, Taxation, Rural Management, SSI Management and has 20 years experience of teaching and research. He has published one book and 43 papers. He has visited Belgium, Holland, England and many other European Countries under academic exchange programmes. He was Chairman, U.P. Export Corporation and Member of Taxation Advisory Committee, Uttar Pradesh Government.
Shailesh K. Chaubey [b. 1959, Jabaipur] M.A., Ph.D. is Senior Lecturer in the Department of P.G. Studies and Research in Economics, Rani Durgavati University, Jabaipur, Madhya Pradesh. He has specialised in Population Economics, Statistics, Research Methodology, Human Resource Economics and has fifteen years experience of teaching and research. He has published two books and 40 papers in reputed journals and completed one project.
Anjila Gupta [b. 1963, Varanasi] M.A., Ph.D. is Senior Lecturer in the Department of Post-graduate Studies and Research in Economics, Rani Durgavati University, Jabaipur, Madhya Pradesh. He has specialised in Micro Economics, Public Finance, Environmental Economics and has experience of 14 year teaching and research. He has published 25 research papers in reputed journals and completed one project.
Neelkanth G. Pendse [b. 1959, Jabaipur] M.A., Ph.D., L.L.B., PGDFM, PGDIM is Senior Lecturer in the Department of Post-graduate Studies and Research in Economics, Rani Durgavati University, Jabaipur, Madhya Pradesh. He has specialised in Quantitative Economics, Development Economics, Financial Management and has thirteen years' experience of teaching and research. He has published 63 papers in reputed journals and completed two projects.
