India’s economy is the sixth-largest in the world, measured by nominal GDP, and the third-largest by purchasing power parity (PPP). It has the potential to become one of the two largest economies by mid-century. The IMF has described the Indian economy as the “bright spot” in the global landscape.
The book Indian Economy: Issues and Concerns studies various aspects of Indian economy and analyzes the growth prospects in different sectors on all the important parameters. India’s economic history has been taken up and the conditions of India’s economy under British rule have been explained. An overview of Indian economy has been presented with facts and figures. Economic reforms of the 1990s, growth in major sectors like agriculture, industry and services, and other sub sectors like telecommunication, civil aviation, tourism, etc. have been discussed. The features of Indian economy, along with all the major changes that have come about in recent years, such as giving more initiatives in enterprises, improving standard of living, bringing fast human development, and effecting better utilization of natural resources, etc. have been explained. India’s demography, with all its key statistics, based on 2011 population census, and analysis thereon have been given. Important factors influencing Indian agriculture have also been dealt with, along with various aspects of food inflation and public distribution system (PDS). The progress of India’s Industry after the achievement of independence, in the post-liberalization period and during more recent period, has been explained. There is an exclusive chapter on Indian public finances, which covers India’s taxation policy, tax reforms, including the Goods and Services Tax (GST), corporate tax, revenues of the central government, public debt, and fiscal deficit.
The book presents latest available data on all the topics included in it. The data has been analyzed so that readers are able to draw proper conclusions. The structure and presentation of the book are highly accessible for easy understanding by the readers. It will be useful for the students and teachers of economics and researchers in this field. It will also help economists, policymakers, parliamentarians, and legislators in making effective policies.
K.R. Gupta is a well-known economist. He has published over twenty books and contributed more than hundred papers in reputed journals, being published in India and abroad. The books written by him include Inflation: Issues and Concerns; Advanced Microeconomics (2 vols.); Advanced Macroeconomics (2 vols.); Economic Growth Models; Global Financial Crisis (3 vols.); International Economics (2 vols.); and Economics of Development and Planning (2 vols.). His latest edited books are Rural Development in India (4 vols.); and Indian Economic Policies and Data (co-edited).
Dr. Gupta had been teaching postgraduate classes and guiding research for about two decades in the University of Jammu and Kurukshetra University. He has also worked as an economist in private sector as well as in public sector. His last assignment was as Economic Advisor to the Modi Enterprises.
