The Oxford Companion to Economics in India

by Kaushik Basu

In today's complex and fast evolving environment, understanding India's economy is not just an intellectual challenge, but, with the country emerging as a major global player, also a requirement. This unique volume, the first comprehensive resource of its kind on the contemporary Indian
economy, aims to address this need. Culled from the collective wisdom and experience of over 200 distinguished contributors, that include economists, business leaders, policymakers, and analysts, the Companion covers the evolution of the Indian economy from relative obscurity to an emergent global
force. The more than 200 entries span the recent cover stories of India's high growth, leadership in software and information technology, and outsourcing success, and also document the backwaters--the widespread poverty, farmer suicides, child labor, and the large and impoverished informal sector
that houses a majority of India's labor force.

This revised edition, a testimonial to the dynamism that epitomizes the Indian economy, includes several new topics that have grown in significance since the first edition was planned, and several revised entries on topics that have undergone rapid transformation during the short time since the
first edition was written.

614 pages, Hardcover

First published May 10, 2007

About the author

Kaushik Basu (born 9 January 1952) is an Indian economist who is currently the Chief Economic Adviser to the Government of India and is also the C. Marks Professor of International Studies and Professor of Economics and, till recently, he was Chairman of the Department of Economics and Director, Center for Analytic Economics at Cornell University.


He is Editor of Social Choice and Welfare, Associate Editor of Japanese Economic Review and is on the Board of Editors of the World Bank Economic Review. In 2008, the Government of India awarded him the Padma Bhushan, one of the country's highest civil honors.