Economics: Volume 2: India and the International Economy
ISBN: 9780199086894
Platform/Publisher: Oxford Academic / Oxford University Press
Digital rights: Users: Unlimited; Printing: Unlimited; Download: Unlimited
Subjects: Economic Development and Growth International Economics;

Volume 2: The Indian economy has successfully integrated itself with the rest of the world in the past two decades. Not only has its external-trade (share in global-trade) grown considerably, but it has also received significantly higher FDI and FII inflows. As a result, India is considered among the foremost beneficiaries of globalization. However, this development is only one side of the story and it has been achieved at a cost of policy independence and increased sensitivity to external shocks. This volume illustrates such costs and attempts to redefine the priorities for a low per-capita income nation like India.


Jayati Ghosh, Professor, Centre for Economic Studies and Planning, Jawaharlal Nehru University, New Delhi

Jayati Ghosh is a Professor, Centre for Economic Studies and Planning, Jawaharlal Nehru University, New Delhi

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