Development in India

S. Mahendra Dev is Director, Indira Gandhi Institute of Development Research (IGIDR), Mumbai, India. After obtaining his Ph.D. from Delhi School of Economics (New Delhi, India), he did his post-doctoral research at Yale University, USA. He is also the Chair of the Committee on Terms of Trade on Agriculture constituted by the Indian Ministry of Agriculture. He previously chaired the Commission for Agricultural Costs and Prices at the Ministry of Agriculture, and served as Director of the Centre for Economic and Social Studies (CESS) in Hyderabad. His research interests include Development economics, Indian economy, Macro policies, Inclusive growth, Agricultural policies, Poverty and inequality and Rural development.P G Babu is Professor at IGIDR, Mumbai coordinator of the Erasmus Mundus European Graduate Programs in Law and Economics, and Managing Editor of Journal of Quantitative Economics, official journal of The Indian Econometric Society (TIES) published by Springer. He has held visiting professorships at the Universities of Aix-Marseille, Bayreuth (as Adam Smith Chair Guest Professor of Philosophy and Economics), Hamburg, IIM Ahmedabad, Madras School of Economics, Erasmus University Rotterdam and Warsaw School of Economics. He obtained his Ph.D. from Indian Institute of Science, Bangalore, India. His research interests include Microeconomics and Game Theory with interdisciplinary applications to environment, law, philosophy and politics. About Contributors:Dilip Abreu, Princeton University, Princeton, USADilip R. Ahuja, National Institute of Advanced Studies, Bangalore, IndiaP. Binswanger-Mkhize , China Agricultural UniversityArka Roy Chaudhuri, University of British Columbia, Vancouver, CanadaAvinash K. Dixit, Princeton University, Princeton, USAProbal P. Ghosh, IRADe, Delhi, IndiaPriyank Jindal, IRADe, Delhi, IndiaRavi Kanbur, Cornell University, Ithaca, USAAshok Kotwal, University of British Columbia, Vancouver, CanadaSugatoMarjit, CSSS, Kolkata, IndiaAnil Markandya, University of Bath, Bath, UK; Basque Centre for Climate Change, Bilbao, SpainKaivanMunshi, University of Cambridge, Cambridge, UKMilindMurugkar, PragatiAbhiyan, Nasik, IndiaJyoti K. Parikh, IRADe, Delhi, IndiaKirit S. Parikh, IRADe, Delhi, IndiaMihirRakshit, ICRA, Kolkata, IndiaBharat Ramaswami, Indian Statistical Institute Delhi, New Delhi, IndiaGeeta Sandal, IRADe, New Delhi, IndiaNirvikar Singh, University of California, Santa Cruz, USAT.N. Srinivasan, Yale University, New Haven, USAMarti G. Subrahmanyam, New York University, New York, USAShyam Sunder, Yale University, New Haven, USADragon Yongjun Tang, University of Hong Kong, Hong KongSarah Qian Wang, University of Warwick, UK

• Preface.- Chapter 1. Introduction to Development in India: Micro and Macro Perspectives.- Part 1: Formal and Informal Institutions.- Chapter 2. Caste Networks in the Modern Indian Economy - By Kaivan Munshi.- Chapter 3. Evolution of Judicial Activism: The Supreme Court of India By T.N. Srinivasan.- Chapter 4. Corruption: Supply-side and Demand-side Solutions By Avinash Dixit.- Part 2: Aid and Poverty.- Chapter 5. Can a country be a donor and a recipient of Aid? By Ravi Kanbur.- Chapter 6. Why is Poverty Declining So Slowly in India? By Ashok Kotwal & Arka Roy Chaudhuri.- Part 3: Indian Agriculture: Growth and Distribution.- Chapter 7. Agriculture and Structural Transformation 1960-2040: Implications for Double Digit Inclusive Growth By Kirit S. Parikh et al.- Chapter 8. Incremental Reforms in Food Policy: What are the Possibilities? By Bharat Ramaswami & Milind Murugkar.- Part 4: Financial Markets and Macroeconomy.- Chapter 9. A Model of Bubbles and Crashes By Dilip Abreu.- Chapter 10. Experimental Exploration into Macroeconomics By Shyam Sunder.- Chapter 11. Does the Tail Wag the Dog? The Effect of Credit Default Swaps on Credit Risk By Marti Subrahmanyam et al.- Chapter 12. Financial Crisis and Liquidity Trap: Some Theoretical and Policy Perspectives By Mihir Rakshit.- Part 5: Technological Change, Trade and Development.- Chapter 13. Finite Change: Implications for Trade Theory, Policy and Development By Sugata Marjit & Biswajit Mandal.- Chapter 14. Information Technology and its Role in India’s Economic Development: A Review By Nirvikar Singh.- Part 6: Ecosystems and Energy.- Chapter 15. Value of Biodiversity and Ecosystem Services in South Asia and India: Past, Present and Future By Anil Markandya.- Chapter 16. Climate Resilient Cities: Vulnerability Profiling Of Twenty Indian Cities By Jyoti Parikh et al.-Chapter 17. Challenges for Sustainable Energy Development in India By Dilip R. Ahuja.