Economic Transformation of a Developing Economy

The Experience of Punjab, India

  • Lakhwinder Singh
  • Nirvikar Singh

Part of the India Studies in Business and Economics book series (ISBE)

Table of contents

  1. Front Matter
    Pages i-xxviii
  2. Understanding the Crisis of Agrarian Transition

  3. Agrarian Markets and Distributive Outcomes

  4. Structural Transformation of Punjab Economy: Emergence of Industry and Services

  5. Human Development in Punjab’s Economic Transformation

  6. External Factors in Punjab’s Economic Development

  7. Fiscal Policy of Punjab in Comparative Perspective

    1. Front Matter
      Pages 391-391
  8. Perspectives on Rejuvenation of Punjab Economy

    1. Front Matter
      Pages 435-435
  9. Back Matter
    Pages 467-470

About this book


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.


Economic Transformation Regional Economics Punjab Economy Agrarian Markets Developing Economies

Editors and affiliations

  • Lakhwinder Singh
    • 1
  • Nirvikar Singh
    • 2
  1. 1.Department of EconomicsPunjabi UniversityPatialaIndia
  2. 2.Department of EconomicsUniversity of California Santa CruzSanta CruzUSA

Bibliographic information

  • DOI
  • Copyright Information Springer Science+Business Media Singapore 2016
  • Publisher Name Springer, Singapore
  • eBook Packages Economics and Finance
  • Print ISBN 978-981-10-0196-3
  • Online ISBN 978-981-10-0197-0
  • Series Print ISSN 2198-0012
  • Series Online ISSN 2198-0020
  • Buy this book on publisher's site