ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Towards a Political Economy of the Economic Policy Changes

Towards a Political Economy of the Economic Policy Changes Vinod Vyasulu Sukhpal Singh D Rajasekhar Pooja Kaushik A Indira This paper, by analysing the performance of the commodity producing sectors of the Indian economy and the nature of the crisis facing it, argues that there is only a fiscal crisis of the government of India, and not a crisis of the nation. The authors then situate the recent economic policy changes in a broader context. They argue that the policies are contradictory in nature and are unlikely to result in the desired and anticipated changes in the economy. While the impact of these policies in the long run is not very clear, they are certain to adversely affect the poorer classes, both in rural and urban areas, in the short run. In an unequal society the question of who tightens the belt is crucial.

Bicycle Industry since Independence Growth Structure and Demand

The Indian bicycle industry which is more than 50 years old has experienced a number of changes in structure, organisation and growth in the last three decades, especially after the mid-1970s when several factors resulted in a new demand for bicycles in developed countries. The 1980s marked a major shift in government policy towards the industry Several new steps were taken under the policy of liberalisation and modernisation and the industry was declared a thrust area for export promotion.

Planning Lessons from Karnataka

Planning: Lessons from Karnataka Vinod Vyasulu Sukhpal Singh The Karnataka Perspective Plan brought out under the Ramakrishna Hegde government presents a decentralised, equity-concerned, employment-oriented process, which it may be possible to initiate even if the coffers are empty, if democratic institutions are made to function. If the Planning Commission can extend this at the national level, it will indeed offer an alternative; but the challenge is a big one.

Haavelmo and Development Economics

Sukhpal Singh Vinod Vyasulu It is a sign of the over-emphasis on Anglo-Saxon, and in particular US, work in economics that the fundamental contributions of Trygve Haavelmo, this year's winner of the Nobel Prize for economics, are not widely known in this country WHEN in October this year the announcement came from Stockholm that the Nobel Prize for Economics had been awarded to Trygve Haavelmo, it was greeted in many Indian academic institutions with stunned silence. In the weeks following the award, many Indian students of economics were totally dependent upon the brief reviews in the economic newspapers for an appreciation of this economist's contribution to their discipline. There was also a certain surprise in the fact that these contributions with which they were not familiar were made 30 or 40 years ago.

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