The Indian Economy

Rajib Bhattacharyya is an Associate Professor in the Department of Economics, Goenka College of Commerce and Business Administration, Kolkata, India, with more than 20 years of teaching experience. His fields of interests are International Trade, Finance and Development Economics. He has contributed and edited several articles in national and international journals/books, namely, IGI Global, Emerald, Routledge and Springer. Ananya Ghosh Dastidar is Professor and Head, Department of Finance and Business Economics and Dean, FASSH, University of Delhi. An alumnus of St. Xavier’s College, Kolkata and CESP, JNU, she has over 20 years of teaching experience, supervised several MPhil and PhD theses, and her research interests lie in the area of International Economics and the Economics of Development.

List of figures x

List of tables xii

Foreword xiv

Preface xvi

Acknowledgements xviii

List of abbreviations xix

Introduction 1

1 Economic Development since Independence 8

2 Planning: Overall Perspective and Evaluation 27

3 Population and Human Development 52

4 Growth, Employment and Regional Variation 75

5 Agriculture 98

6 Industry 127

7 Services Sector in India 159

8 Development of Infrastructural Sector in India 176

9 Economic Reforms 190

10 Indian Economy in International Perspective 241

11 COVID-19

Pandemic: Impact and Policy Implications 258

Index 274