Economic and Human Development in

This book deals with issues in economic development in India. It highlights those factors that are indicative of India'¬"s emergence in the global economy yet indicates negative "trickle down" effects, such as malnutrition, poverty, bonded labourers, high adult unemployment and the widespread use of child labour. Focusing on structural deficiencies for a steady growth rate, and how to make growth inclusive, the book examines duality in development and the factors standing between national economic prosperity and human development. The author analyses issues concerning international trade, technology, access to food, inequality and poverty, and the "catching up" of developing countries. A novel approach to the analysis of the Indian economy and other developing countries in the 21stcentury, this book advocates development as a form of governance. With India as a case study, this book provides a solid framework for looking at developing economies which will be useful to policy-makers and to graduate and post-doctoral students and researchers in the areas of development studies and economics, industrialisation and structural change.

List of figures	p. ix
List of tables	p. x
List of boxes	p. xiii
Preface	p. xiv
Emerging India: issues in development	p. 1
Obscurity to prosperity	p. 1
The best of times, the worst of times	p. 5
Development of underdevelopment	p. 8
Rise of "political entrepreneurs" and social tension	p. 14
Dilemma of the classical development model	p. 21
"Catching up": an elusive milestone	p. 33
The plan	p. 38
Global trade and investments: opportunities and challenges for India	p. 42
India's exports: an overview	p. 42
Global trends in merchandise flows	p. 44
The new international division of labour	p. 47
Trade in services	p. 62
Special economic zones: the rise of political entrepreneurs	p. 69
External reserves and imbalances	p. 72
Concluding remarks	p. 75
Industrial capabilities: research and development as the indicator	p. 77
Introduction	p. 77
The supply-side factors	p. 80
The outcome: patent statistics as summary indicator	p. 83
Creativity to innovation and diffusion: the demand-side factors	p. 88
Profit-wage relations	p. 95
Conclusion	p. 97
Economic restructuring: employment and income Implications	p. 98
Structural changes: then and now	p. 98
Changes in India: illusions and reality	p. 101
Social division of labour and weightlessness	p. 105
Transformation, a bloated "residual"	p. 109
Concluding remarks	p. 113
Agriculture: the genesis of growing vulnerability	p. 115
The world food crisis and India	p. 115
"Look west" policies and Indian agriculture	p. 120
Low growth disorder: inputs and land use pattern	p. 128
Low growth issue of terms of trade	p. 137
Farmers' predicament	p. 144
Conclusion	p. 146
Trends in wage and earnings differentials	p. 148
Global restructuring and inequality	p. 148
India: inter-personal distribution	p. 151
Inter-sectoral distribution	p. 158
The future	p. 162
Development as governance: more evidence from the social sector	p. 165
Why governance?	p. 165
Health and workers	p. 167
Distribution of "power"	p. 177
Mass education and quality: the hope	p. 181
Governance as accountability	p. 184
Epilogue	p. 186
Notes	p. 196
References	p. 207
Index	p. 219
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Economic and Human Development in Contemporary India: Cronyism and Fragility

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