This proceedings volume highlights important points of achieving a balanced and sustained growth path from diverse economics and finance perspectives, touching on a wide array of economic and social analyses in India. Featuring contributions presented at the 2018 International Conference on Economics and Finance (ICEF-2018) held at the Birla Institute of Technology and Science, Pilani, Goa, India, the enclosed papers explore topics such as inflation dynamics, information transmission in post-recession era, leverage effect and volatility asymmetry, structural change and economic growth and reforming tax systems, among others.
The Indian economy today is remarkable and, not surprisingly, it is growing very rapidly. It has emerged as the fastest growing major economy in the world as per the Central Statistical Organization (CSO) and International Monetary Fund (IMF) and it is expected to be one of the top three economic powers of the world over the next 10 to15 years, backed by its strong democracy and partnership. At the backdrop of impressive progress of the Indian economy during the last two decades, the question that remains to be answered is does India still have a long way to go before it is functioning well as a market economy? This book critically examines the performance of the Indian economy at the national, state and sectorial levels.Featuring contributions from leading academicians, scholars and practitioners from Asia and the rest of the world, this book is an asset to students, professors, scholars, practitioners and policy makers in the areas of India economics, finance and sustainable development.
Tabla de materias
Introduction.- Part I: Globalization, Macroeconomic Performance and Monetary Policy.-
Sahu, P. and Sharma, N. K: Core Inflation Dynamics and Impact of Demand and Supply Shocks: Evidence from India.- Rishad, A., Sharma, A. and Gupta, S: Demand for Money in India: An ARDL Approach.- Singh, G. P: Some Empirical Evidence on the Effects of Monetary Policy in India: A Vector Autoregressive Based Analysis.- Mohan, A., Mathew, T. and Subramanian, K: Stock Indices and Inflation through Industry Prisms.- Barodawala, R. and Ranawat, D: Fundamental Drivers of Indian Stock Market.- Part II: Financial Institutions, Instruments and Markets.- Kumar, A. and Khanna, S: Information Transmission in Post-Recession Era: Evidence from India, China, Hong Kong and Japan.- Moni Das, N. and Deb, J: A Statistical Re-Assessment of Capital Adequacy and Insolvency Risk in Commercial Banks of India.- Saini, S. and Neog, Y: Examining the Linkages between Financial Development and Energy Consumption in India.- Kayal, P. and Maheswaran, S: Leverage Effect and Volatility Asymmetry.- Pat III: Regional Economic Development Issues.- Adabar, K. and Sahoo, T. M: Structural Change and Economic Growth in India- A State-wise Analysis.- Sahoo, C. and Ranjan Behera, A: Financing MSMEs Rife with Problems- A Demand Side Analysis.- Prabhakara Reddy, T and Suresh Babu, V: Impact of MGNREGS on Agriculture and Rural Labour Markets: A Study of Madhya Pradesh.- Part IV: Public Policy Economics and Analysis.- Hammill, M. and Pedrosa-Garcia, J. A: Reforming tax systems: Key policy considerations from South and South-West Asia.- Goel, M. and Nayak, S: Policy Implications for Financial Inclusion of Unskilled Labor Migrants: Insights from Goa.- Ahmad Malik, F., Yadav, D. K. and Jain, R: Income and Expenditure Mismatch of Poorest of The Poor: An Analysis of Financial Requirement of Slum Dwellers.- Mishra, B. P: Infrastructure Financing in India: At the Crossroads.