Economic Reforms and Human Development Indicators in India

Economic Reforms, Capital Flows and Macro Economic Impact on India

Capital flows are most helpful when the magnitude of those flows is steady and stable. The international capital flow such as direct and portfolio flows has huge contribution to influence the economic behavior of the countries positively. The present study attempts to explain the effects of private capital inflows (FINV) on some macro economic variables in India using the time series data betwe...

Economic Reforms, Poverty and Inequality in China and India

I In various writings over the years Amartya Sen has shown his acute interest in comparative performance of China and India, the two largest countries of the world, both with poor, agrarian economies and with rich, ancient civilizations. While high economic growth in both countries in the last decades has attracted a lot of attention, particularly in the international financial press, Sen's int...

Legal and Economic Reforms in India: an Economist’s Perspective

The Supreme Court of India has used its constitutionally mandated task of interpreting the enforceable fundamental rights enumerated in Part III of the constitution to extend its own powers. This extension in my view poses a dangerous threat to the Constitutional democracy of India. I argue below that the situation not only impacts the spillover effects beyond each case, but the learned justice...

The Nature of Opposition to Economic Reforms in India

In the discussion of economic reforms in academia as well as the media in India one finds a big gulf between the opposing sides, and in some quarters there are even signs of increasing polarisation. Each side describes the other in stereotypes and usually talks past each other. The pro-reformers identify the opposition as belonging to the ‘loony left’, caught in a time warp, oblivious of global...

A Decade of Economic Reforms in India: the Mining Sector