Description
about the book
The objective of the book is to provide a clear insight showing the relative importance of economic theory and practice generally termed as applied economics. All the essays presented based on detailed research of empirical data (Secondary) on a long term basis. Eighteen essays provide a detailed account about the functioning of the Indian economy relative to various policy instruments implemented so far right from First plan up to the end of 12th plan in 2017. The unfortunate aspect is despite our planned approach involving different strategies in each plan; India still remains a limping economy with great income inequalities and regional imbalances. The most unfortunate aspect is still 23% of the population fall under below poverty line (BPL) category.
India is branded as fast growing economy which in all probability seems notional not warranted by realities. The COVID-19 pandemic inflicted a severe damage which rendered the economy to witness a recessionary condition not seen in the economic history of India since the commencement of the plan era. This shows the flaw underwritten from the early plan period and also signifies that the Indian economy is not broad based economy. It is vouched by the fact that still agriculture provides employment to about 45% of the population. Whereas our industrial growth wobbling between 22-23% during the past 75 years. Besides, sizeable (about75%) share of Gross value added (GVA) limited to nine states only out of 32 states in the country apart from union territories. The unique picture of this position is, only the Southern states grab a lion’s share indicating regional imbalance.
Besides I have attempted economic modelling since free market approach is no longer tenable. Globalization has benefitted a few countries but prompted greater income inequalities within economies. I have also made an attempt to show the limitations underlying pricing area from conventional angle since the outburst of cyber space requires adjustment at quick interval to guard the base effect to maintain the minimum profitability. I hope the book would provide an interesting read to policy planning and decision making.
India is branded as fast growing economy which in all probability seems notional not warranted by realities. The COVID-19 pandemic inflicted a severe damage which rendered the economy to witness a recessionary condition not seen in the economic history of India since the commencement of the plan era. This shows the flaw underwritten from the early plan period and also signifies that the Indian economy is not broad based economy. It is vouched by the fact that still agriculture provides employment to about 45% of the population. Whereas our industrial growth wobbling between 22-23% during the past 75 years. Besides, sizeable (about75%) share of Gross value added (GVA) limited to nine states only out of 32 states in the country apart from union territories. The unique picture of this position is, only the Southern states grab a lion’s share indicating regional imbalance.
Besides I have attempted economic modelling since free market approach is no longer tenable. Globalization has benefitted a few countries but prompted greater income inequalities within economies. I have also made an attempt to show the limitations underlying pricing area from conventional angle since the outburst of cyber space requires adjustment at quick interval to guard the base effect to maintain the minimum profitability. I hope the book would provide an interesting read to policy planning and decision making.
about the author
My first academic qualification was a Diploma in Automobile Engineering. Subsequently I had qualified for two post graduate Degrees – in Economics and Sociology. Finally I have obtained the Doctorate Degree in Economics specializing in International Finance. I was a professional evaluator of Government schemes and development programs implemented both by Government of India (GOI) and Tamilnadu State Government. I have also evaluated development programs financed by IBRD (World Bank) Institutions and schemes assisted by DANIDA & SIDA. I have 30 years of professional experience as evaluator and submitted reports to Central and State Government. I also had worked as independent evaluator post retirement evaluating GOI programs such as Watershed Development Programme and Integrated Waste Land Development Programme (IWDP).
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