Comprehensive coverage of the contemporary Indian economy:
In the last five years, much has changed both in India and the world economy— the great global recession, arguably the most traumatic global downturn since the Great Depression of 1930s; the sub-prime crisis, bringing to the fore concerns about financial markets and how to regulate them; and the revival of G-20, in which India has found itself taking an active role. The New OCEI showcases and contextualizes these events and the accompanying policy changes. With a total of 232 entries, more than 80 substantially revised and updated entries, and 24 new entries on issues of current and ongoing relevance, the New OCEI focuses on India's role as a global player in the highly volatile financial scenario and also presents critical ideas on making the fruits of development accessible to the common man.
The New OCEI is a definitive scholarly reference that will serve the needs of academics, policymakers, journalists, and corporates, as well as those interested in understanding the unique Indian experience.
'… this book is not only a "what's what" on economics in India, but is also a "who's who" of economists on India!'
-Dr Manmohan Singh, Prime Minister of India
Culled from the collective wisdom and experience of over 240 distinguished contributors, including economists, business leaders, policymakers, and analysts, the New OCEI provides a superbly rich portrait of a dynamic and resilient economy.
Kaushik Basu is Chief Economic Adviser, Ministry of Finance, Government of India, and C. Marks Professor, Department of Economics, Cornell University. His distinguished career is marked by a prodigious output of research papers and books in diverse fields of economics and, more generally, the social sciences, and editorial work with leading economics journals.