Author: The World Bank
Publisher: Oxford University Press
ISBN/UPC (if available): 978-0-19-565503-2
This world Bank Country Study for India is the first of its kind in the Bank's new comprehensive approach to country reports.
It argues that reforms that reduce the risk of macroeconomic instability in such a framework would also be effective in reducing poverty - by increasing the access of the poor to human development, reducing distortions and expanding the demand for labor. In this context, the report:
1. Reviews the performance of he Indian economy
2. Analyses various facets of development
3. Identifies potential vulnerabilities
4. Emphasizes the role of these reforms to overcome initial lags and increase the pace of development in poorer states
5. Highlights the main areas for policy reforms as
- improvement in infrastructure, both public and private;
- expansion in core public activities through realignment of central and state governments
- increased expenditure on health and education
- deregulation of goods and factor markets
- privatization of areas such as power
- cuts in explicit and implicit subsidies
- strengthening of the financial system, and
- improvement of governance through streamlining of the legal system.
Its statistical richness and analytical quality makes this country repot on India invaluable for the government, academia, business and financial circles. Students, teachers, and researchers will find it an indispensable.