India Studies in Business and Economics

Economic Transformation of a Developing Economy

The Experience of Punjab, India

Editors: Singh, Lakhwinder, Singh, Nirvikar (Eds.)

  • Comprehensively assesses the economic transformation of a developing economy
  • Prescribes policy measures for transforming Punjab’s economy
  • Provides a fresh perspective on resolving roadblocks in developing economies by employing a structural transformation theoretical construct
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About this book

Foreword by Prof. Kaushik Basu


This book traces the development experience of one of India’s most dynamic and prosperous states, Punjab, which has provided the country with a much-needed degree of food security. The relative regression of Punjab’s economy in the post-economic reforms period and slow current economic growth give cause for concern. The contributions in this book address the question of why the structural transformation of Punjab’s economy has fallen into the middle-income trap. Each investigates the policy constraints influencing the relative stagnation of the economy and suggests appropriate measures for alleviating them. By integrating theoretical constructs and new evidence, the authoritative contributions diagnose the nature of the current problems and offer practical solutions. They cover important issues such as the crisis of agrarian transition, agrarian markets and distributive justice, employment growth and transition to non-agriculture sectors, fiscal policy, external factors in economic transformation, and perspectives on rejuvenating the state’s economy.

About the authors

Lakhwinder Singh is a Professor at the Department of Economics, Centre for Development Economics and Innovation Studies (CDEIS), Punjabi University, India. Prior to this, he has been a faculty at the University of Delhi and National Institute of Public Finance and Policy, New Delhi. He has been a Ford Foundation Post-Doctoral Fellow in Economics at Yale University, USA and a Visiting Research Fellow, Seoul National University, South Korea. He has been awarded Asia Fellowship by the Institute of International Education, New York, 2001. His current research focuses on the national innovation system, international knowledge spillovers, pattern of development, globalization and agrarian distress in developing economies. Apart from publishing a number of research papers in journals of national and international repute, he is also the founding editor of the journal “Millennial Asia: An International Journal of Asian Studies”, published by Sage Publications and Association of Asia Scholars. He has co-edited the books “Economic and Environmental Sustainability of the Asian Region” (Routledge, 2010) and “Technology, Innovations and Economic Development: Essays in Honour of Robert E. Evenson” (Sage Publishers, 2015).

Nirvikar Singh is a Distinguished Professor of Economics and Sarabjit Singh Aurora Chair of Sikh and Punjabi Studies at the University of California, Santa Cruz, where he is also the Director of the Centre for Analytical Finance. He is a member of the Advisory Group to the Finance Minister of India on G-20 matters, and has served as a consultant to the Chief Economic Adviser, Ministry of Finance, Government of India. His current research interests include entrepreneurship, information technology and development, business strategy, political economy, federalism, and economic growth. He has authored over 100 research papers, including several on the East Asian and Indian economy and co-authored or edited four books, the most recent being “The Oxford Handbook of the Economics of the Pacific Rim” (Oxford University Press, 2014). He has also served as an advisor for several start-up and knowledge services firms in Silicon Valley and in India.

Reviews

“I have found the book … to be quite timely and useful. What this book uniquely offers is an incisive and comprehensive look at how economic transition, in this case, a service-led structural transformation, has affected a predominantly rural and agriculture economy. The book is organized in 21 contributed chapters and is systematically organized into seven sections. ... This book will surely benefit economists and researchers of countries whose structural transformation is still being designed.” (Leonardo A. Lanzona, Jr., Millennial Asia, Vol. 7 (2), 2016)


Table of contents (21 chapters)

  • Economic Transformation and Development Experience of Indian Punjab—An Introduction

    Singh, Lakhwinder (et al.)

    Pages 1-25

  • The Role of Technological and Institutional Changes in the Growth and Transformation of Agriculture in Punjab

    Nair, K. N. (et al.)

    Pages 29-52

  • Growth Pattern and Economic Impacts of Wheat Productivity on Punjab Agriculture

    Sidhu, R. S. (et al.)

    Pages 53-75

  • Rethinking Diversification of Agriculture in the Indian Punjab: An Examination of Strategy and Mechanisms

    Singh, Sukhpal

    Pages 77-96

  • Groundwater Irrigation in Punjab: Some Issues and a Way Forward

    Pandey, Rita

    Pages 97-117

Buy this book

eBook $99.00
price for USA (gross)
  • ISBN 978-981-10-0197-0
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $129.00
price for USA
  • ISBN 978-981-10-0196-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Economic Transformation of a Developing Economy
Book Subtitle
The Experience of Punjab, India
Editors
  • Lakhwinder Singh
  • Nirvikar Singh
Series Title
India Studies in Business and Economics
Copyright
2016
Publisher
Springer Singapore
Copyright Holder
Springer Science+Business Media Singapore
eBook ISBN
978-981-10-0197-0
DOI
10.1007/978-981-10-0197-0
Hardcover ISBN
978-981-10-0196-3
Series ISSN
2198-0012
Edition Number
1
Number of Pages
XXVIII, 470
Number of Illustrations and Tables
30 b/w illustrations
Topics