India's remarkable economic growth in recent years has made it one of the fastest growing economies in the world. Its rapid growth, however, has been accompanied by widening regional disparities, poverty, malnutrition, and socio-political instability. Understanding India's dualistic development process and the emergence of the Indian economic miracle are crucial in solving the obstacles India faces in transforming itself into a modern 21st-century economy. The Oxford Handbook of the Indian Economy features research on core topics by leading scholars to understand the Indian economic miracle and the key debates confronting the Indian economy. The Handbook moves beyond traditional boundaries by featuring areas of research that will be important in the future, setting an academic standard for current and future research on the Indian economy. The Handbook is divided into eight major sections featuring expert contributions on a host of issues. These range from India's historical development before and after 1947; tackling poverty through innovative public policy; industrialization; health, education, and the demographic transition; governance and institutional reform; macroeconomic policy reform; and India's interaction with the world economy. A final Looking Ahead chapter reflects upon an agenda for economic research in the 21st century. Ambitious in scope, diverse in its coverage of topics, and a rare unified and comprehensive treatment of India's complex and dynamic development process, The Oxford Handbook of the Indian Economy is a must-read for both researchers who are new to the field, as well as those who want to update and extend their knowledge to the frontier of the field.

Chetan Ghate is Associate Professor in the Planning Unit at the Indian Statistical Institute, Delhi.

1. Introduction - Chetan Ghate Section I: India's Historical Development 2. India and the World Economy: 1757-1947 - Tirthankar Roy 3. Battles Half Won: The Political Economy of India's Growth and Economic Policy Since Independence - Sadiq Ahmed, Ashutosh Varshney Section II: New Insights into Tackling Rural Poverty 4. Estimating Rural Poverty: Distributional Outcomes, Evaluations, and Policy Responses - M. Suryanarayana 5. Micro-finance: The SHG Linkage Program - Prabal Roy Chowdhury 6. Micro-insurance: A Case Study of the Indian Rainfall Insurance Market - Xavier Gines, James Vickrey, Lev Menand, Robert Townsend 7. Caste and Upward Mobility - Vegard Iversen Section III: Industrialization 8. Performance of Indian Manufacturing in the Post Reform Period - Poonam Gupta, Utsav Kumar 9. Informal Sector and the Developing World: Relating Theory and Evidence to India - Sugata Marjit, Saibal Kar 10. Structural Transformation and Jobless Growth in the Indian Economy - Rubina Verma 11. Development, Displacement and Food Security: Land Acquisition for Industrialization - Abhirup Sarkar Section IV: Social Infrastructure and the Demographic Dividend 12. Reforming Primary and Secondary Schooling - Anjini Kochar 13. Higher Education Reform - Shyam Sunder 14. Health and Health Care Policy in India: The Case for Quality of Care - Jishnu Das, Jeffrey Hammer 15. Population Dynamics in India and Implications for Economic Growth - David Bloom Section V: Politics and Policy 16. The Dynamics and Status of India's Economic Reforms - Nirvikar Singh 17. The Political Economy of Infrastructure Spending in India - Stuti Khemani 18. Aspects of Bureaucratic Corruption - Gautam Bose 19. Distributive Conflict and Economic Policy: Some Thoughts on Political Economy - Pranab Bardhan 20. Economic Growth and Ecological Sustainability in India - Pranab Mukhopadhyay, Priya Shyamsundar Section VI: Macroeconomic Policy Reform 21. Fiscal Rules in India: Are they Effective? - William Buiter, Urjit Patel 22. Financial Frictions and Monetary Policy Transmission in India - Ken Kletzer 23. Monetary Policy, Capital Flows, and the Exchange Rate - Partha Sen 24. India's Trade and Exchange Rate Policies: Understanding the BOP Crisis and the Reforms Thereafter - Rajat Achaarya 25. Domestic Financial Sector Reform - Subhashis Gangopadhyay, S.K. Shanthi 26. The Convergence Debate and Econometric Approaches: Evidence from India - Samarjit Das Section VII: India and the World Economy 27. The Globalization Debate and India - Priya Ranjan; Devashish Mitra 28. India at the WTO: From Uruguay to Doha and Beyond - Kamal Saggi 29. An Estimated DSGE Model of the Indian Economy - Paul Levine, Vasco Gabriel, Bo Yang, Joe Pearlman 30. The Development Patterns of India and China: A Perspective with the CES Production Function - Kamhon Kan, Yong Wang Looking Ahead 31. What more do we want to know about the Indian Economy? - Ashok Kotwal