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Economic Reforms and Rural Development in India
G. Parthasarathy‚ G. Nancharaiah
About the Book
<p>SINCE 1991 Indian economy has been exposed to economic liberalisation and globalisation in line with structural adjustment and stabilisation policies initiated by IMF and World Bank. Structural adjustment policy advocated privatisation, import liberalisation, and export-led growth while stabilisation policy emphasises reduction in fiscal deficit through withdrawal of subsidies given to industry, trade and agriculture. There has been a shift in the Indian economic policy from State-oriented development strategy to market-oriented development, leaving the decisions of production and distribution to the market signals. This policy became controversial as some argued in favour of it while others argued against it.<br />
In this book, Prof. G. Parthasarathy has rigorously analysed the pros and cons of structural adjustment and liberalisation policies and empirically examined its effects on rural development at national and state level, in terms of agricultural growth, employment opportunities, wages and reduction in rural poverty.</p>
<p><br />
IN the editorial introduction to this book, Prof. Nancharaiah has remarked “It is interesting to note that the inferences drawn and predictions made by Prof. G. Parthasarathy in early 90s on the basis of the past empirical trends and theoretical analysis regarding the implications of structural adjustment and new economic policy are found to be mostly consistent with the recent trends in Indian economy particularly with reference to rural development and rural poor. Thus this book is relevant for understanding current economic problems of Indian economy particularly rural development in the context of new economic policy."</p>
Praise for this book
The author “virtually endorses the anti-economic reforms lobby’s hypothesis... the author is not just expressing his opinion; he is basing his arguments on logic and data.”
— Business Standard
About the Author(s) / Editor(s)
<p><strong>G. Parthasarathy</strong> (born May 19, 1928) did his M.A in Economics from Madras University (1949) and Ph.D in Agricultural Economics, University of Wisconsin, Madison, USA, 1958.</p>
<p><br />
G. Parthasarathy was Professor and Head, Department of Applied Economics, Andhra University; Director, Institute of Development and Planning Studies, Visakhapatnam (1992-2001); was on the State Planning Board, Government of Andhra Pradesh (1989-92); was Consultant FAO and UNDP. Presently, he is President, Indian Society of Agricultural Marketing.</p>
<p><br />
Prof. Parthasarathy has published a number of books and articles.</p>
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<p><strong>G. Nancharaiah, </strong>currently Vice-Chancellor of Babasaheb Bhimrao Ambedkar University, Lucknow, did M.A. and Ph.D in Economics from Andhra University. He has taught post-graduate students for 26 years at different universities (Andhra University, University of Hyderabad, and Bombay University). He was Professor and Head, Department of Economics, University of Hyderabad; was a Fulbright scholar and also worked at University of California, USA.</p>
<p><br />
Dr. Nancharaiah authored a book entitled "Land and Caste" and has a number of monographs, and research papers to his credit. He is on the Governing Body of Giri Institute of Development Studies and on the Academic Council of Rohilkhand University.</p>
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