The central theme of this paper is that the Indian economy has been remarkably resilient and been able to adapt its quest for growth to changes in circumstances in both the domestic and the global economy and is now poised for sustained progress. At the time of independence after centuries of...

This paper provides an update on the recent performance of the Indian economy. It reviews India's growth performance, and the supporting performance of savings and investment, productivity and international trade. It highlights the performance of a dynamic sector (automobiles) and a laggard...

The fragility of livelihoods and hence the vulnerability of consumption growth due to aggregate shocks in the Indian rural sector have been highlighted recently. However, as yet there exist no estimates of the vulnerability of consumption growth in rural India. This paper attempts to fill this...

This paper tests for market integration in 55 wholesale rice markets in India using monthly data over the period January 1970 - December 1999. The technique of Gonzalez-Rivera and Helfand (2001) is used to identify common factors across various markets. It is discovered that market integration...

This paper argues that from both efficiency (maintaining support for an economic reforms promising rapid economic growth) and equity viewpoints (shielding the poor from the worst effects of a downturn) it is important to append a pro-poor fiscal policy to an economic stabilization program. The...

Conventional wisdom has it that foreign direct investment (FDI) flows to India have not been commensurate with her economic potential and performance. India has only very recently emerged as a destination for FDI since the pre-reform years were marked with a sharp antipathy toward foreign...

This paper discusses the environmental externalities that are commonly found in the developing world (the environmental regime) along with the policy responses, if any, commonly used to deal with these. Included are the effects of industrial emissions, air and water quality impacts of untreated...

<P>The new edition of Jha's popular text comes with a supporting website and builds on the strength of the previous edition by increasing the international coverage including global public goods and highlighting the issue of environmental taxation. </P><P> </P><P> </P>

This paper tests for the existence of a Poverty Nutrition Trap (PNT) in the case of the nutrient most likely to have productivity impacts, i.e., calories, for three categories of wages - sowing, harvesting, and other - and for male and female workers separately. We use household level national...