Indian Economic Issues: Essays in Honour of Professor Santikumar Ghosh

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INDIAN ECONOMIC ISSUES

Indian Economic Issues is an edited volume of Essays in Honour of Professor Santikumar Ghosh, the Founder Head of the Department of Economics, Rabindra Bharati University, Calcutta. He not only served and nourished this department for more than two decades but also helped it to grow as a centre of teaching and research in economics under his leadership for nearly one and a half decades since its inception. He also left his mark in the Universities of Delhi and Jadavpur before he joined Rabindra Bharati University from where he retired in 1994.

The contributors of research articles to this edited volume are his students, friends, colleagues and well-wishers. They include Tushar Kanti Ghosh, V.S. Mahajan, Alak Ghosh, Raj Kumar Sen, Samar K. Datta, Sanjeev Kapoor, A.M.Goon, Subratesh Ghosh, Mrinal Kumar Dasgupta, Kalyan Datta, J.P. Mishra, Ajoy Dutta, Shibani Maity, Debesh Chakrabarty, Amitava Sen, Smriti Mukherji, Hemlata Rao, Anita Banerjee and B.S. Sreekantaradhya. Altogether 17 articles included in this volume have touched upon almost all types of economic issues emerging in the Indian economy. These include both planning in India and functioning of India's market economy, decentralised development and contractual relations approach, population problem and management of surplus manpower, agrarian revolutions and agricultural liberalisations, investment scenario, energy resources and service industries, inter-state educational investment and consumption expenditure, international reserve and revenue gap grants, and fiscal Bulty under globalisation and fiscal correction. This book will surely serve as an important reference book for anyone interested about the Indian economy and her multi-faceted problems.

Indian Economic Issues: Essays in Honour of Professor Santiku mar Ghosh is published on the completion of his 70th year of age. Professor Ghosh devoted a major portion of his writings to structural changes and development scenario of the Indian economic development in developing countries like India. This motivated his students, friends, colleagues and well-wishers to contribute in this volume on almost all types of economic issues emerging in the Indian economy in recent and not so recent periods. Altogether 17 articles included here have touched upon with planning in India and functioning of India's market economy. decentralised development and contractual relations approach, population problem and management of surplus manpower, agrarian revolution and agricultural liberalisation, investment scenario, energy resources and service industries, inter-state educational investment and consumption expenditure, international reserve and revenue gap grants and fiscal policy under globalisation and fiscal correction.

The first two articles have respectively dealt with the planning methodology adopted in the Indian economy (Tushar Kanti Ghosh) and subsequent functioning of the market economy in India (V.S.Mahajan) Over the last five decades, India's planning methodology has undergone material changes and the idea of a Centralised Planning system has gradually converged to the paradigm of decentralised planning mode. The ACRP approach as a subset of district planning is theoretically the appropriate methodology to achieve the goal of growth with equity. On the other hand in the next article an attempt is made to elaborate the impact of economic reforms on the Indian economy. It highlighted the lack of preconditions for its success in the Indian economy like gaps in basic infrastructural facilities, concentrations of income and asset distribution and in the prospects of savings and placed the hope for the future on the enlightened and educated class of politicians for ultimately ushering in the desired change.