1. Introduction to Development in India: Micro and Macro Perspectives / P.G. Babu and S. Mahendra Dev
Part I Formal and Informal Institutions
2. Caste Networks in the Modern Indian Economy / Kaivan Munshi
3. Evolution of Judicial Activism: The Supreme Court of India / T.N. Srinivasan
4. Corruption: Supply-Side and Demand-Side Solutions / Avinash K. Dixit
Part II Aid and Poverty
5. Can a Country Be a Donor and a Recipient of Aid? / Ravi Kanbur
6. Why is Poverty Declining so Slowly in India? / Ashok Kotwal and Arka Roy Chaudhuri
Part III Indian Agriculture: Growth and Distribution
7. Agriculture and Structural Transformation 19602040: Implications for Double-Digit Inclusive Growth / Kirit S. Parikh, Hans P. Binswanger-Mkhize and Probal P. Ghosh
8. Incremental Reforms in Food Policy: What Are the Possibilities? / Bharat Ramaswami and Milind Murugkar
Part IV Financial Markets and Macro Economy
9. A Model of Bubbles and Crashes / Dilip Abreu
10. Experimental Exploration into Macro Economics / Shyam Sunder
11. Does the Tail Wag the Dog? The Effect of Credit Default Swaps on Credit Risk / Marti G. Subrahmanyam, Dragon Yongjun Tang and Sarah Qian Wang
12. Financial Crisis and Liquidity Trap Some Theoretical and Policy Perspectives / Mihir Rakshit
Part V Technological Change, Trade and Development
13. Finite Change-Implication for Trade Theory, Policy and Development / Sugata Marjit and Biswajit Mandal
14. Information Technology and Its Role in India's Economic Development: A Review / Nirvikar Singh
Part VI Ecosystems and Energy
15. Value of Biodiversity and Ecosystem Services in South Asia and India: Past, Present and Future / Anil Markandya
16. Climate Resilient Cities: Vulnerability Profiling of Twenty Indian Cities / Jyoti Parikh, Geeta Sandal and Priyank Jindal
17. Challenges for Sustainable Energy Development in India / Dilip R. Ahuja

This book examines various facets of the development process such as aid, poverty, caste networks, corruption, and judicial activism. It explores the efficiency of, and distributional issues related to agriculture, and the roles of macro models and financial markets, with a special emphasis on bubbles, liquidity traps and experimental markets. The importance of finite changes in trade and development, as well as that of information technology and issues related to energy and ecosystems, including sustainability and vulnerability, are analyzed.
The book presents papers that were commissioned for the Silver Jubilee celebrations at the Indira Gandhi Institute of Development Research (IGIDR). The individual contributions address related development problems, ensuring a homogeneous reading experience and providing a thorough synthesis and understanding of the authors' research areas. The reader will be introduced to various aspects of development thought by leading and contemporary researchers. As such, the book represents an important addition to the literature on economic thought by leading scholars and will be of great value to graduate students and researchers in the fields of development studies, political economy and economics in general. ---provided by publisher