The Indian Economy Sixty Years after Independence

RAKESH AHUJA Manager, Axessindia Consultancy Group MUKUL G. ASHER Professor of Public Policy, National University of Singapore PREMA-CHANDRA ATHUKORALA Professor of Economics, Research School of Pacific and Asian Studies, Australian National University SWAPAN BHATTACHARYA National Graduate Institute for Policy Studies; Indian Institute of Public Administration U.N. BHATI Visiting Fellow, Fenner School of Environment and Society, Australian National University ANIL DEOLALIKAR Professor of Economics and Director of the Public Policy Initiative, University of California, Riverside, USA RAGHAV GAIHA Professor of Public Policy, Faculty of Management Studies, University of Delhi, India KANUPRIYA GUPTA Research Analyst, New Delhi Office, International Food Policy Research (IFPRI) STEPHEN HOWES Professor, Crawford School, Australian National University ROBIN JEFFREY Convener, College of Asia and the Pacific; Director, RSPAS; Professor, Australian National University KALIAPPA KALIRAJAN Professor, GRIPS-FASID Joint Program, Tokyo, Japan NALIN KISHOR Coordinator, Forest Law Enforcement and Governance (FLEG) Program, Sustainable Development Vice-Presidency, World Bank DEEPAK MISHRA World Bank MANI ARUL NANDHI Reader, Department of Commerce, Jesus and Mary College, University of Delhi, India GARRY PURSELL Visiting Fellow, Australia South Asia Research Centre, Australian National University T.T. RAM MOHAN Professor, Indian Institute of Management, Ahmedabad GANESH THAPA Regional Economist, Asia and the Pacific Division, International Fund for Agricultural Development V. THIRUPPUGAZH Senior Officer, Indian Administrative Service; Australian National University V.J. RAVISHANKAR World Bank PETER WARR Professor of Agricultural Economics and Convener of the Economics Division, Research School of Pacific and Asian Studies, Australian National University

Introduction to the Volume; R.Jha PART I: MEGA TRENDS IN INDIA – ECONOMICS AND POLITICS Coalitions and Consequences: Historical, Economic, Social and Political Considerations from India; R.Jeffrey The Indian Economy: Current Performance and Short-run Prospects; R.Jha PART II: EMERGING ISSUES IN FISCAL POLICY IN INDIA Ten Years of Policy-Based Sub-National Lending to India: A Retrospective; S.Howes, D.Mishra  and V.J.Ravishankar Pension Reforms in India; M.Asher PART III: INDIA'S EXTERNAL SECTOR Export Performance in the Reform Era: Has India Regained the Lost Ground?; P-C.Athukorala Manufacturing Protection in India: 1971–2005; G.Pursell, N.Kishor  and  K.Gupta Free Trade Arrangement between India and Japan: An Exploratory Analysis; K.Kalirajan  and  S.Bhattacharya PART IV: TRENDS AND PROSPECTS FOR INDIA'S SOCIAL SECTOR Opportunities and Challenges on Human Development; A.Deolalikar Microfinance, Self-Help Groups and Empowerment in Maharashtra; R.Gaiha  and  M.Nandhi Urban Vulnerability Reduction: Regulations& Beyond; V.Thiruppugazh PART V: SECTORAL ISSUES Agricultural Trade Policies and Rural Poverty: Where is India Heading?; G.Pursell  and  P.Warr Market Integration in Indian Agriculture; R.Jha, K.V.Bhanu Murthy  and A.Sharma Supermarkets, Smallholders and Livelihoods — Prospects in Selected Asian Countries; R.Gaiha  and  G.Thapa Privatisation and FDI in India; T.T.Ram Mohan Energy Issues in Indian Economic Development; R.Ahuja Consumption of Newsprint in India; R.Jha  and  U.N.Bhati