Concept:
Many economists, journalists, and scholars have written influential books on poverty, economic reforms, and development in India.
Step 1:
P. Sainath is the author of the famous book:
\[
\textit{Everybody Loves a Good Drought}
\]
Thus:
\[
A \rightarrow I
\]
Step 2:
Amartya Sen wrote:
\[
\textit{Poverty \& Famines: An Essay on Entitlement and Deprivation}
\]
Thus:
\[
B \rightarrow II
\]
Step 3:
Jagdish Bhagwati wrote:
\[
\textit{India in Transition: Freeing the Economy}
\]
Thus:
\[
C \rightarrow III
\]
Step 4:
Vijay Joshi and I.M.D Little authored:
\[
\textit{India's Economic Reforms 1991--2001}
\]
Thus:
\[
D \rightarrow IV
\]
Step 5:
The correct arrangement is:
\[
A-I,\ B-II,\ C-III,\ D-IV
\]
\[
\boxed{\text{(1) A-I, B-II, C-III, D-IV}}
\]