This book is a memoir of Dr C. Rangarajan, an Indian economist, a former Member of Parliament, and the 19th Governor of the Reserve Bank of India. The book includes his journey as an economist and RBI Governor and brings to light some of the hidden truths surrounding India's economic history.
The year 1991 marked an important watershed in the economic history of post-Independent India. The country went through a severe economic crisis triggered by a serious balance of payments situation. The crisis was converted into an opportunity to introduce some fundamental changes in the content and approach to economic policy. The purpose of this book is to detail the structural reform process undertaken by India and to evaluate its results. In the post-liberalization period, the country has moved to a higher growth path. Objective conditions exist for the economy to grow at a sustained rate of seven per cent. The slow growth in agriculture and the consequent impact of a slower decline in poverty reduction are areas of concern.
This Twin-Volume Publication Brings Together Some Of The Path-Breaking Writings Of Distinguished Economist Dr. C. Rangarajan On Various Aspects Of India`S Economy. Vol. I Covers Agrculture, Industry And The Economy; Monetary System And Financial Sector. Vol. Ii Covers Fiscal Sector; External Sector. Useful For Economists, Researchers, Students, Bankers, Policymakers Etc.
Research report on interrelations between agricultural development and industrial development in India - based on a simulation macroeconomic model and using trend data from 1961 to 1972, discusses the linkage between the agricultural sector and industrial sector; and finds that 1 per cent increase in agricultural production leads to an increase in agricultural income and consumer demand for industrial products, thus stimulating a further 0.5 per cent increase in industrial production. Bibliography and graphs.
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