Contents:Chapter Page Name of the Chapter
No. No.
CONTENTS
1 ECONOMIC OUTLOOK, PROSPECTS, AND POLICY CHALLENGES
1 Introduction
7 The Global Context
9 The Indian Context
10 Review of Major Developments
13 Real GDP Growth
20 Inflation
25 Medium-Term Fiscal Framework
30 External Outlook
32 Trade Policy
32 Agriculture and the WTO
33 Volatile Trade Policy
34 Broader Issues: The "Big-but-Poor" Dilemma
35 Dealing with Ongoing Stresses
35 Broader Issues: Prerequisites for Trade opening
2 THE CHAKRAVYUHA CHALLENGE OF THE INDIAN ECONOMY
37 Introduction
39 Costs of Impeded Exit
41 Describing the Problem of Exit
41 Why is there an Exit Problem?
46 Conclusion: Addressing the Problem
3 SPREADING JAM ACROSS INDIA'S ECONOMY
50 Introduction
50 The Ingredients of JAM
55 The Amount and Varieties of JAM
56 The First type of JAM
61 The spread of JAM
62 JAM Preparedness Index
66 Conclusion
4 AGRICULTURE: MORE FROM LESS
68 Introduction
69 Productivity
71 Where are crops grown? A double blow for pulses
73 What does this mean for farm incomes?
73 Critical Input: Water
74 Micro Irrigation
75 Policies
77 Agricultural Research and Education
79 Market Failure for Agricultural Output
81 Price Wedges
5 MOTHER AND CHILD
84 Introduction: Investing in tomorrows' India today
87 The State of (Child's) Play in India
88 The State of Maternal Health
89 Improving Maternal Health in India
92 Conclusion: What other High-Return Investments can the Government Make?
BOUNTIES FOR THE WELL-OFF
Introduction
"Small" Savings
Other Bounties
Total Subsidy appropriated by the Well-OfT
Conclusion
FISCAL CAPACITY FOR THE 21ST CENTURY
Introduction
Cross-Country Taxation and Expenditure Patterns
Analysis of Taxation and Expenditure Patterns: Is India an Outlier?
Conclusion: Moving to a Better Equilibrium on Taxation and Spending
PREFERENTIAL TRADE AGREEMENTS
Introduction
India and Free-Trade Agreements
Mega-Regionalism
To PTA or not to PTA?
Empirical Framework
Basic Facts and Trends
Main Results
Conclusion: Policy Implications
THE FERTILISER SECTOR
Introduction
Basic Facts
Leakage 1 - Black Market
Leakage 2 - Small Farmer Inability to derive full benefits
Leakage 3 - Inefficient Fertiliser Manufacturers
Externalities of Urea Prices
Reforms
Turning Fertiliser into JAM
Universal Subsidy with Cap on Number of Bags
Conclusion
STRUCTURAL CHANGES IN INDIA'S LABOUR MARKETS
Introduction
"Regulatory Cholesterol" and the Rise of Contract Labour Firms
Contract Labour
Competitive Federalism
Relocation
The Centre's Role in creating "Good Jobs"-Ensuring Worker Centric Labour Regulation
Conclusion
POWERING "ONE INDIA"
Introduction
Transparency and Simplicity in Retail Electricity Tariffs
Tariffs and Cost
Policies in The Power Sector: Impact on 'Make In India'
'Make In India' by 'Making One India': The Open Access Issue
Exploiting Progressivity to Lower Tariffs for the Poor
Conclusion
Techmical Appendix
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