In this essay I present an analytical growth narrative of India since the sixteenth century. I argue that post independence economic performance is not entirely decoupled from the growth experiences in India during the Mughal and the colonial periods. Institutions perhaps play a key role in...

In this chapter I explore the causal relationships between historical factors (for eg., geography, disease, colonial history, and technology) and poverty in developing countries. I start with a review of the existing theories. This is followed by a novel unified framework in order to causally...

Introduction: Srivastava and Sen (1997) have advanced a framework for the study of government subsidies in India. Their approach estimates subsidy as the un-recovered costs in the provision of goods and services by the government (see the next section for various definitions of subsidy)....

The Environmental Sustainability Index (ESI) has been proposed by collaboration of the World Economic Forum, Geneva, Center for International Earth Science Information Network, Columbia University, and Yale Center for Environmental Law and Policy, New Haven as a measure of the overall state of...

In India, the pace of financial innovation was relatively slow until the initiation of the financial liberalization program in 1991–92. The subsequent financial reforms have had important implications for the user costs of assets and resulted in significant substitution among them. Hence there...

In an economy undergoing structural reforms the composition of savings goes through considerable change. It is important to understand such changes both for increasing the volume of aggregate savings (to garner resources for higher economic growth) as well as affecting their composition (towards...