India started on a program of reforms, both in its external and
internal aspects, sometime in the mid-eighties and going on into
the nineties. While the increased exposure to world markets
('globalization') and relaxation of domestic controls has
undoubtedly given a spurt to the GDP growth rate, its impact on
poverty, inequality and employment have been controversial. This
book examines in detail these aspects of post-reform India and
discerns the changes and trends which these new developments have
created. Providing an original analysis of unit-level data
available from the quinquennial National Sample Surveys, the Annual
Surveys of Industries and other basic data sources, the authors
analyse and compare the results with other pieces of work in the
literature. As well as describing the overall situation for India,
the book highlights regional differences, and looks at the major
industrial sectors such as agriculture, manufacturing and tertiary
services. The important topic of labor market institutions - both
for the formal or organized and the unorganized sectors - is
considered and the possible adverse effect on employment growth of
the regulatory labor framework is examined carefully. Since any
reform of this framework must go hand in hand with better state
intervention in the informal sector to have any chance of
acceptance politically, some of the major initiatives in this area
are critically explored. Overall, this book will be of great
interest to development economists, labour economists and
specialists in South Asian Studies.
General
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