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020 _a9780195664133
082 _a338.9 DHA
100 _aDhar, P.N.
245 0 _aEvolution of economic policy in India : selected essays
260 _aNew Delhi
260 _bOxford
260 _c2003
300 _a252 p.
520 _aIn this collection P.N. Dhar, one of India's most eminent economists, provides a unique and intelligible record of the causes and consequences of changes in economic policy during the first half-century of India's independence. He deals with the economics of development policy and issues relating to the changing nature of India's political economy. The book traces various aspects of development under the aegis of the five-year plans. For decades, the Indian government under-emphasized agriculture and over-depended on foreign aid. It institutionalized inefficiency of the public sector and followed a confused socialist ideology leading to structures of privilege. Policies that were politically popular and yet economically irrational were implemented. Dhar underlines that unless this gap between economic rationality and political feasibility is substantially reduced India will not fully realize its economic potential. These essays were written over a period of forty years for public discussion and debate and will find a large audience amongst the general readers. However, the volume is also a must-read for policy-makers, researchers, and students.
650 _aEconomic policy
942 _cB
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