Future imperfect

This is the "other" economics at JNU.

Manmohan Agarwal, who was Professor in the Centre for International Trade and Development, School of International Studies, Jawaharlal Nehru University and presently is Senior Visiting Fellow at The Centre for International Governance Innovation (CIGI), Canada, has a long and distinguished record of expertise in international trade, development and economics as it relates to Asia, and especially to India.

In India's Economic Future, new from Social Sciences Press, he brings together a large number of economists who work on India (and who, coincidentally, also have strong connections with JNU) to comment on Education, Technology, Energy and Environment.

"The Indian economy continues to grow rapidly, taking in its stride poor harvests and rising oil prices. Industrial output, which had tended to be relatively low, has increased to double-digit levels, accompanied by rising levels of savings and investment. India’s healthy export performance has resulted in increased amounts of foreign exchange reserves, insuring against a large balance of payments (BOP) deficit in the future. An important factor in this process has been India’s relative political stability. Democracy is well entrenched and changes of government occur reasonably peacefully.

Is there a fly in the ointment? Could the growth process slacken or can it be accelerated further? What are the constraints to maintaining a high rate of growth over the next decade or two? These questions acquire special significance as we try to understand long-term growth in the current context of global economic slowdown. The papers in this volume seek to answer these questions."

In our Economics section, in hardcover, 294 pages, Rs 595. ISBN: 9788187358176