India Macroeconomics Annual 2006

India Macroeconomics Annual 2006 India Macroeconomics Annual 2006 Editor Sugata Marjit Copyright © Centre for Studies in Social Sciences, Calcutta, 2007 All rights reserved. No part of this book may be reproduced or utilized in any form or by any means, electronic or mechanical, including photocopying, recording or by any information storage or retrieval system, without permission in writing from the publisher. First published in 2007 by Sage Publications India Pvt Ltd B1/I1 Mohan Cooperative Area Mathura Road New Delhi 110 044 www.indiasage.com Sage Publications Inc 2455 Teller Road Thousand Oaks, California 91320 Sage Publications Ltd 1 Oliver’s Yard, 55 City Road London EC1Y 1SP Published by Vivek Mehra for Sage Publications India Pvt Ltd, typeset in 10/13 Aldine401 BT by Star Compugraphics Private Limited, Delhi and printed at Chaman Enterprises, New Delhi. Library of Congress Cataloging-in-Publication Data available Kelegama, Saman. Development under stress: Sri Lankan economy in transition/Saman Kelegama. p. cm. Includes bibliographical references and index. 1. Sri Lanka—Economic policy. 2. Sri Lanka—Economic conditions. I. Title. ISSN: 0–973–290–X ISBN: 10: 0–7619–3567–3 (PB) 13: 978–0–7619–3567–4 (PB) Sage Production Team: 10: 81–7829–727–2 (India–PB) 13: 978–81–7829–727–9 (India–PB) Gayatri E. Koshy, Rajib Chatterjee, Sanjeev Sharma and Santosh Rawat Contents Editor’s Note Section I Politics and Contemporary Macroeconomy of India 9 Sugata Marjit and Dibyendu S. Maiti Section II Employment as an Objective 59 Amitava Bose Technology as a Channel of Economic Growth in India 69 Suparna Chakraborty School Dropout and Informal Apprenticeship 88 Padmini Dasgupta, Bibhas Saha and Rudra Sensarma Did Agricultural Growth Trickle Down in India? What Do We Really-Really Know? 126 Richard Palmer-Jones and Kunal Sen Editorial Board Editor Sugata Marjit, Centre for Studies in Social Sciences, Calcutta Associate Editors Rajat Acharyya, Jadavpur University, Calcutta Avik Chakrabarti, University of Wisconsin-Milwaukee Kausik Chaudhuri, Indira Gandhi Institute of Development Research, Mumbai Vikas Kakkar, City University of Hong Kong Kunal Sen, University of Manchester Assistant Editor Saibal Kar, Centre for Studies in Social Sciences, Calcutta Editorial Advisory Board Sudipto Bhattacharya, Arizona State University and London School of Economics Amitava Bose, Indian Institute of Management Calcutta Dipankar Coondoo, Indian Statistical Institute, Calcutta Dipankar Dasgupta, Indian Statistical Institute, Calcutta Bhaskar Dutta, The University of Warwick and Delhi School of Economics William Easterly, New York University Maitreesh Ghatak, London School of Economics Cheng Hsiao, University of Southern California Ronald W. Jones, University of Rochester Vijay Joshi, University of Oxford Robert G. King, Boston University Nobuhiro Kiyotaki, London School of Economics Kajal Lahiri, SUNY at Albany Ngo Van Long, McGill University Mukul Majumdar, Cornell University Martin Ravallion, World Bank Abhirup Sarkar, Indian Statistical Institute, Calcutta Partha Sen, Delhi School of Economics Editor’s Note We are happy to bring out the current issue of India Macroeconomics Annual 2006, a joint vent