Nature, man and the Indian economy / edited by Tapas Majumdar

This book takes a new perspective on the Indian economy in that it focuses on the interrelationship between man and nature in the context of development. As well as looking at areas of conventional economic analysis such as industrial development, agriculture, public finance, monetary economics and international trade, this collection of essays also examines the crucial issues of managing the environmental, physical and human resources and the development of science and technology.

Amal Sanyal writes on the social management of India's renewable and non renewable natural resources, Ashish Bose on the productive potential of the country in relation to its population size and growth, Arun Ghosh on the economic costs of ecological and environmental degradation, the structure of the Indian economy in relation to employment, and India's national income in relation to its savings and investment and national wealth. Bhaskar Dutta looks at India's economic performance

since independence in relation to the distribution of wealth, while R. Radhakrishna examines this theme in relation to agricultural development and demographic pressures. Geeta Gouri examines the weaknesses of India's planning processes. Binod Khadria looks at the role of human capital in the development of science and technology, Mihir Rakshit at the theory of money, credit, and monetary policy, Dhires Bhattacharyya at the role of budgetary controls in Indian public finance, and Manmohan Agarwal at India's comparative advantage in international trade. Together, these essays, originally developed for executives of the State Bank of India, represent a refreshingly new look at the workings of one

of the world's largest economies. TAPAS MAJUMDAR is professor at the Zakir Husain Centre for Educational Studies, School of Social Sciences, Jawaharlal Nehru University, New Delhi.