Globalization And Structural Changes In The Indian Industrial Sector

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Globalization and Structural Changes in the Indian Industrial Sector

Author : Sudhanshu K. Mishra
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Globalization and Structural Changes in the Indian Industrial Sector by : Sudhanshu K. Mishra

Download or read book Globalization and Structural Changes in the Indian Industrial Sector written by Sudhanshu K. Mishra and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1991 India chose to open her economy and formulated the New Economic Policy (NEP). Under the structural adjustment and reform programmes, the NEP aimed at promoting growth by eliminating supply bottlenecks that hinder competitiveness, efficiency and dynamism in the economic system This study investigates into the structural changes in the manufacturing sector of India brought about by liberalization and globalization of the economy. Structural changes in terms of employment of labour and capital, indicated by replacement of the former by the latter, and changes in returns-to-scale have been examined by estimating CES, Zellner-Revankar, Transcendental, Diewert and Bruno's CMS production functions. State-wise data for 1990-91 and 2003-04 have been analyzed. The findings have indicated that the rise in industrial output during the reference period is accountable to substitution of capital for labour in almost all states. Elasticity of substitution has declined for most of the industrialized states. In the pre-globalization period the industries experienced increasing returns to scale. Globalization has possibly given way to diminishing returns to scale. Along with a rise in industrial output, globalization has led to a decline in regional disparities in terms of population-deflated indices of employment of manpower and capital, and the resultant output.

Industrial Sector Reforms in Globalization Era

Author : P. K. Jalan
Publisher : Sarup & Sons
ISBN 13 : 9788176255363
Total Pages : 358 pages
Book Rating : 4.2/5 (553 download)

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Book Synopsis Industrial Sector Reforms in Globalization Era by : P. K. Jalan

Download or read book Industrial Sector Reforms in Globalization Era written by P. K. Jalan and published by Sarup & Sons. This book was released on 2004 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Liberalisation and Globalisation of Indian Economy

Author : Ed. K.R. Gupta
Publisher : Atlantic Publishers & Dist
ISBN 13 : 9788126904945
Total Pages : 392 pages
Book Rating : 4.9/5 (49 download)

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Book Synopsis Liberalisation and Globalisation of Indian Economy by : Ed. K.R. Gupta

Download or read book Liberalisation and Globalisation of Indian Economy written by Ed. K.R. Gupta and published by Atlantic Publishers & Dist. This book was released on 2005 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: In India, The Move Towards Globalisation And Free Trade Coincided With The Process Of Structural Reforms And Economic Liberalisation That Began In July 1991. Since Then The Country Has Seen A Significant Integration Of Markets In Commodity, Services, Finance And Technology With Other Countries. Right At The Outset Of Globalisation, Some Persons In India Like Those In Other Developing Countries Were Against This New Trend, Perceiving It As Elite-Driven And Incapable Of Bringing Qualitative Change In Peoples Lives. Fear Of Lagging Behind In The Race With The Advanced Countries, Which Would Ultimately Capture A Lion S Share In The Global Market, Had Further Led Some People To Oppose Globalisation.But The Present Scenario Is Altogether Different. India S Apprehensions About Globalisation Have Been Removed To Some Extent. Economic Liberalisation Has Paved Way For Rapid Technological Progress For India While Globalisation Has Given Its Young Talent Vast Employment Opportunities In America And Europe. Today, India Has Become A Big Market For Multinational Giants. There Is Hardly A Big-Name Company That Is Not Outsourcing To India. India Has Developed Several Hubs Of Information Technology-Enabled Services, Business Process Outsourcing, Research & Development, Pharmaceuticals And Telecommunication. On The Contrary, The Advanced Countries Like The United States Are Now Fearing Globalisation Because They Are Losing Jobs In The International Corporate World To Indian Technical Experts. Globalisation And Liberalisation Have Brought New Opportunities In Our Country In Trade, Business, Services And Employment. The Atmosphere Is Vibrant. The Younger Generation Is Educated, Talented And Ambitious. The Opening Of International Markets Has Led To Earnest Endeavours To Improve Product Quality To Secure Marketing. Internationalisation And Privatisation Of Education Has Led To Updating Of Curriculum And Bring Technical Manpower That Would Implement The Latest Technology In Manufacturing And Servicing. The Globalisation Should Be Made An Instrument Of Rapid Economic Development In A Way That Its Benefits Reach All Regions Of The Country And All Sections Of Society.The Volume Has Wide Coverage Including In Its Spectrum The Structural Changes In The Indian Economy. Contributors To This Volume Have Not Only Recognised The Reality Of Globalisation As A Process Of Change But Have Also Comprehensively Dealt With The Major Issues And Concerns For India In The Context Of Globalisation. The Papers Closely Examine Important Implications And Impact Of Liberalisation And Globalisation Measures Taken By The Government In Recent Years.It Is Hoped That The Book Would Be Found Useful By The Researchers And Students Of Economics, Businessmen, Government Executives, Parliamentarians And Legislators, Concerned With The Formulation And Execution Of Economic Policies, And The General Readers Interested In Knowing The Changes That Are Taking Place In Our Economy.

GLOBALIZATION IN INDIA

Author : RAMANUJ GANGULY
Publisher : PHI Learning Pvt. Ltd.
ISBN 13 : 8120340388
Total Pages : 441 pages
Book Rating : 4.1/5 (23 download)

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Book Synopsis GLOBALIZATION IN INDIA by : RAMANUJ GANGULY

Download or read book GLOBALIZATION IN INDIA written by RAMANUJ GANGULY and published by PHI Learning Pvt. Ltd.. This book was released on 2010-02-15 with total page 441 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the last decade of twentieth century, India has strived for an experienced and unprecedented economic turn-around. The country has witnessed a structural shift in GDP growth, propelled largely by new investments and the growth of the value enhancing services sector. Globally, these efforts are not only source of appreciation but also of assumption for many that India increasingly being seen as part of new axis of influence in the world. Long established three-headed social problem—poverty–illiteracy–unemployment—remains the biggest stumbling block for a post-colonial country like India. New sets of problems have taken shape in the last quarter of twentieth century when policy makers and market participants have prioritized economic activities for short-term gains. In context of the above, Center of Associates for Sociological Studies and Action undertook to bring out to the fore oft-neglected inter-disciplinary discussions and analysis in fifteen articles to examine the process of globalization in India taking insights from economics, political science and international relations, sociology, cultural anthropology, social ecology, management and cultural studies. It discusses the impact of the process of globalization on social institutions like marriage, family, economy, politics, education and religion. The book is intended for postgraduate students and research scholars. It provides readers with a clear perspective about creating economics, environmental and social capital that can produce multiplier effect for making national progress more inclusive and sustainable.

The Indian Economy in Transition

Author : Anjan Chakrabarti
Publisher : Cambridge University Press
ISBN 13 : 131667388X
Total Pages : 444 pages
Book Rating : 4.3/5 (166 download)

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Book Synopsis The Indian Economy in Transition by : Anjan Chakrabarti

Download or read book The Indian Economy in Transition written by Anjan Chakrabarti and published by Cambridge University Press. This book was released on 2015-10-22 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: Taking the period following the advent of liberalization, this book explains the transition of the Indian economy against the backdrop of development. If the objective is to explore the new economic map of India, then the distinct contributions in the book could be seen as twofold. The first is the analytical frame whereby the authors deploy a unique Marxist approach consisting of the initial concepts of class process and the developing countries to address India's economic transition. The second contribution is substantive whereby the authors describe India's economic transition as epochal, materializing out of the new emergent triad of neo-liberal globalization, global capitalism and inclusive development. This is how the book theorizes the structural transformation of the Indian economy in the twenty-first century. Through this framework, it interrogates and critiques the given debates, ideas and policies about the economic development of a developing nation.

India's Globalization

Author : Baldev Raj Nayar
Publisher : SAGE
ISBN 13 : 1932728422
Total Pages : 113 pages
Book Rating : 4.9/5 (327 download)

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Book Synopsis India's Globalization by : Baldev Raj Nayar

Download or read book India's Globalization written by Baldev Raj Nayar and published by SAGE. This book was released on 2006-01-01 with total page 113 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study systematically evaluates the economic consequences of globalization for India in the light of the attack of the critics against globalization on grounds of economic stagnation, ?deindustrialization,? ?denationalization,? destabilization, and impoverishment. On the basis of abundant qualitative and quantitative data, it strongly repudiates the case of the critics, and demonstrates that India has been a significant beneficiary of the globalization process. Instead of economic stagnation, India has seen acceleration in its average annual rate of economic growth. Instead of deindustrialization, there has been substantial industrial growth and, indeed, acceleration in the industrial growth rate.Instead of denationalization, business in India is now more competitive and is venturingforth into the global market; increased imports and the entry of foreign multinationalshave not swamped it; essentially, India is master of its own destiny. Instead of economicdestabilization, there has been since the paradigm shift in economic policy in 1991 a marked absence of economic crisis in India. And, instead of impoverishment, India hasseen a long and unprecedented period of welfare enhancement since it began its reintegration into the world economy in 1975; there has been a secular decline in povertysince then, while inequality has not increased much. The policy conclusion that flows from this experience is that India ought to be, in general, more open to globalization in the interest of sustaining the acceleration in economic growth and enhancing the welfare of its people. To this end it should push forward with the reform agenda.This is the twenty-second publication in Policy Studies, a peer-reviewed East-West Center Washington series that presents scholarly analysis of key contemporary domestic and international political, economic, and strategic issues affecting Asia in a policy relevant manner.

Liberalisation and Globalisation of Indian Economy

Author : Kulwant Rai Gupta
Publisher : Atlantic Publishers & Dist
ISBN 13 : 9788171565184
Total Pages : 328 pages
Book Rating : 4.5/5 (651 download)

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Book Synopsis Liberalisation and Globalisation of Indian Economy by : Kulwant Rai Gupta

Download or read book Liberalisation and Globalisation of Indian Economy written by Kulwant Rai Gupta and published by Atlantic Publishers & Dist. This book was released on 1995 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Six Years Have Passed Since The Fast Process Of Liberalisation And Globalisation Was Started In India In July 1991. The Book Examines The Achievements And Failures Of The Process Of Economic Reforms During This Period. It Makes Useful Suggestions To Make The Economic Reforms More Successful And Human. The Role Which The State Has To Play In Accelerating The Process Of Economic Development And In Lessening Social Tensions Involved In Rapid Economic Reforms Has Been Clearly Laid Down In Detail.The Book Studies The Experience Of Economic Reforms In Other Countries And The Lessons Which India Can Draw From That. It Also Examines The Role Which Multinationals Can Play In The Economic Development Of The Country.The Book Analyses The Impact Of Economic Reforms On The Agricultural Economy And The Cottage And Small Scale Sector. It Emphasises The Need For Greater Attention To These Sectors On Which Depends The Well Being Of An Overwhelming Portion Of The Population.A Host Of Issues Concerning The Process Of Liberalisation And Globalisation Have Been Examined By Fortyseven Economists Spread Over The Entire Country.The First Volume Was Published In 1995 And The Response Of Readers Was So Heavy That It Had To Be Reprinted Again. The Encouraging Response To The First Volume Has Led To The Publication Of The Second Volume.

Growth and Structural Changes in India's Industrial Sector

Author : Nagendra Maurya
Publisher :
ISBN 13 :
Total Pages : 11 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Growth and Structural Changes in India's Industrial Sector by : Nagendra Maurya

Download or read book Growth and Structural Changes in India's Industrial Sector written by Nagendra Maurya and published by . This book was released on 2014 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: Structural economists like Colin Clark, Fisher, Kuznets, etc. have empirically demonstrated that growth is brought about by changes in structural composition. Indian economy is also experiencing major changes in its structure in recent decades. The theory of structural transformation has given prime position to the industrial sector and termed it as engine of growth because industrial sector has strongest forward and backward growth linkages, subject to increasing returns for longer duration and greater labour absorption capacity. This paper is an attempt to show structural changes in the industrial sector in recent years.

India's New Economic Policy

Author : Waquar Ahmed
Publisher : Routledge
ISBN 13 : 1136936912
Total Pages : 468 pages
Book Rating : 4.1/5 (369 download)

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Book Synopsis India's New Economic Policy by : Waquar Ahmed

Download or read book India's New Economic Policy written by Waquar Ahmed and published by Routledge. This book was released on 2010-10-04 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt: Conventional interpretations of the New Economic Policy introduced in India in 1991 see this program of economic liberalization as transforming the Indian economy and leading to a substantial increase in the rate of India’s economic growth. But in a country like India, growth is not enough. Who benefits from the new growth regime, and can it significantly improve the conditions of livelihood for India’s 800 million people with incomes below $2.00 a day? This edited volume looks at international policy regimes and their national adoption under strategic conditions of economic crisis and coercion, and within longer-term structural changes in the power calculus of global capitalism. The contributors examine long-term growth tendencies, poverty and employment rates at the national level, regional level and local levels in India; the main growth centers; the areas and people left out; the advantages and deficiencies of the existing policy regime, and alternative economic policies for India. Bringing together the leading figures in the discussion on India’s economic policy, this volume is the authoritative critical study of India’s New Economic Policy.

Globalization and Standards

Author : Keshab Das
Publisher : Springer
ISBN 13 : 8132219945
Total Pages : 305 pages
Book Rating : 4.1/5 (322 download)

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Book Synopsis Globalization and Standards by : Keshab Das

Download or read book Globalization and Standards written by Keshab Das and published by Springer. This book was released on 2014-09-29 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: The changes following more than two decades of economic reforms and globalization of the Indian economy – at state, corporate sector, and consumer level – raise interesting questions on the ways in which the stakeholders will continue to engage on the world stage, politically, socially and economically. One key feature of global trade over this period has been the growing importance of not only product standards but, importantly, labor, environmental, food safety and social standards. Being essentially a non-tariff barrier,standards have often become critical to market access and essential to sustained competitiveness. This has a clear impact on the manner in which both global and Indian business is conducted now and in the future. It also underlines the need for a new area of enquiry that addresses the following questions: How are the Indian public and private actors – the state, domestic firms, local consumers and society – influencing and being influenced by such standards? Do standards really matter in an overwhelmingly informal production sphere, with consumers deeply segmented on the basis of a highly skewed distribution of income and with the rural population becoming further marginalized? We have limited knowledge about the challenges faced and strategies pursued by these key domestic actors, both public and private. How have they been able to drive these processes and what are their implications for larger concerns with inequalities and the conditions of the poor? How does the omnipresent informality influence compliance, encourage multiple standards and affect the chances of addressing institutional dysfunctionality? What role does regulation play? These are some of the issues dealt with in the book, which has chapters focusing on aspects of specific sectors such as microfinance, pharmaceuticals, automobiles, tea trading, the role of the state and changing consumer influence. We have limited knowledge about the challenges faced and strategies pursued by these key domestic actors, both public and private. How have been they able to drive these processes and what are the consequences of these changes for the Indian economy, other emergent economies and for the rest of the developing world? In particular, what are their implications for the wider Indian society, especially on concerns with informality, inequalities and the conditions of the poor? How does informality in its omnipresent form influence compliance, encourage multiple standards and chances of addressing institutional dysfunctionality? What role does regulation play? These are some of the issues dealt within the book wherein chapters focus on aspects of specific sectors, trading, role of the state and changing influence of the consumer.

Globalization

Author : Biplab Dasgupta
Publisher : SAGE
ISBN 13 : 0761933050
Total Pages : 148 pages
Book Rating : 4.7/5 (619 download)

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Book Synopsis Globalization by : Biplab Dasgupta

Download or read book Globalization written by Biplab Dasgupta and published by SAGE. This book was released on 2005 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this comprehensive appraisal of Indian economic reforms, the author recounts how reforms were initiated and how they unfolded in stages since 1991. He analyzes all the components of the structural adjustment programme including in the agrarian, industrial, banking, public sector, fiscal reforms, trade, environmental and labour sectors. In keeping with his ideological and political convictions, the author questions the benefits of the reforms and argues that an uncritical acceptance of IMF/World Bank/WTO/ conditions has not served to benefit the majority of Indian society.

Making Globalization Work

Author : Joseph E. Stiglitz
Publisher : W. W. Norton & Company
ISBN 13 : 0393330281
Total Pages : 401 pages
Book Rating : 4.3/5 (933 download)

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Book Synopsis Making Globalization Work by : Joseph E. Stiglitz

Download or read book Making Globalization Work written by Joseph E. Stiglitz and published by W. W. Norton & Company. This book was released on 2007-08-28 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nobel Prize winner Stiglitz focuses on policies that truly work and offers fresh, new thinking about the questions that shape the globalization debate.

Unshackling India

Author : Ajay Chhibber
Publisher : HarperCollins
ISBN 13 : 9354890059
Total Pages : 414 pages
Book Rating : 4.3/5 (548 download)

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Book Synopsis Unshackling India by : Ajay Chhibber

Download or read book Unshackling India written by Ajay Chhibber and published by HarperCollins. This book was released on 2021-11-29 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: As India enters its seventy-fifth year of independence, conventional policy is unlikely to combat the breadth of its economic challenges. Across a range of areas-human capital, technology, agriculture, finance, trade, public service delivery and more-new ideas must now be on the table. The COVID-19 pandemic has not only cost India many lives and livelihoods, it has also exposed major structural weaknesses in the economy. A huge farm and jobs crisis, rising and massive inequalities, tepid investment growth, and chronic banking sector challenges have plagued the economy, exacerbated by the COVID-19 pandemic. It has also exposed the limitations of the Indian state, which tries to control too much-and ends up stifling the economy and the inherent energies of its young population. Climate change is no longer a distant threat, while disruptive technology has huge implications for India's demographic dividend. In addition, the dangerous lurch towards majoritarianism will cast its shadow on India's pursuit of prosperity for all. Unshackling India examines the question: Can India use the next twenty-five years, when it will reach the hundredth year of independence, to restructure not only its economy but rejuvenate its democratic energy and unshackle its potential-to become a genuinely developed economy by 2047? The book argues that India can foster a prosperous and inclusive economy if it sets its mind to it, acknowledges the hard truths, and lays out the clear choices and new ideas India must adopt towards that end.

Rethinking Development Policy: Deindustrialization, Servicification and Structural Transformation

Author : Manoj Atolia
Publisher : International Monetary Fund
ISBN 13 : 1484377494
Total Pages : 49 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Rethinking Development Policy: Deindustrialization, Servicification and Structural Transformation by : Manoj Atolia

Download or read book Rethinking Development Policy: Deindustrialization, Servicification and Structural Transformation written by Manoj Atolia and published by International Monetary Fund. This book was released on 2018-09-28 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper takes a fresh look at the current theories of structural transformation and the role of private and public fundamentals in the process. It summarizes some representative past and current experiences of various countries vis-a-vis structural transformation with a focus on the roles of manufacturing, policy, and the international environment in shaping the trajectory of structural transformation. The salient aspects of the current debate on premature deindustrialization and its relation to a middle-income trap are described as they relate to the path of structural transformation. Conclusions are drawn regarding prospective future paths for structural transformation and development policies.

Industrial Development for the 21st Century

Author : David O'Connor
Publisher : Zed Books
ISBN 13 : 9781848130272
Total Pages : 452 pages
Book Rating : 4.1/5 (32 download)

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Book Synopsis Industrial Development for the 21st Century by : David O'Connor

Download or read book Industrial Development for the 21st Century written by David O'Connor and published by Zed Books. This book was released on 2008-06-01 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: With very few exceptions, industrial development has been central to the process of structural transformation which characterises economic development. Industrial Development for the 21st century examines the new challenges and opportunities arising from globalization, technological change and new international trade rules. The first part focuses on key sectors with potential for developing countries, focussing on two key themes. First, traditional points of entry for late industrializers - like textiles and clothing - have become even more intensely competitive than ever before, requiring more innovative adaptive strategies for success. Second, countries now recognize that manufacturing does not exhaust the opportunities for producing high value-added goods and services for international markets. Knowledge intensity is increasing across all spheres of economic activity, including agriculture and services, which can offer promising development paths for some developing countries. The final section addresses social and environmental aspects of industrial development. Labour-intensive, but not necessarily other patterns of industrial development can be highly effective in poverty reduction though further industrial progress may be less labour-intensive. A range of policies can promote industrial energy and materials efficiency, often with positive impacts on firms' financial performance as well as the environment. Promoting materials recycling and reuse is an effective, if indirect means of conserving resources. Finally, the growth of multinational interest in corporate social responsibility is traced, with consideration given to both the barriers and opportunities this can pose for developing country enterprises linked to global supply chains.

India Transformed

Author : Rakesh Mohan
Publisher : Brookings Institution Press
ISBN 13 : 0815736622
Total Pages : 491 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis India Transformed by : Rakesh Mohan

Download or read book India Transformed written by Rakesh Mohan and published by Brookings Institution Press. This book was released on 2018-09-25 with total page 491 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this commemorative volume, India's top business leaders and economic luminaries come together to provide a balanced picture of the consequences of the country’s economic reforms, which were initiated in 1991. What were the reforms? What were they intended for? How have they affected the overall functioning of the economy? With contributions from Mukesh Ambani, Narayana Murthy, Sunil Mittal, Kiran Mazumdar-Shaw, Shivshankar Menon, Montek Singh Ahluwalia, T.N. Ninan, Sanjaya Baru, Naushad Forbes, Omkar Goswami and R. Gopalakrishnan, India Transformed delves deep into the life of an economically liberalized India through the eyes of the people who helped transform it.

Globalization and Its Discontents

Author : Joseph E. Stiglitz
Publisher : W. W. Norton & Company
ISBN 13 : 0393071073
Total Pages : 305 pages
Book Rating : 4.3/5 (93 download)

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Book Synopsis Globalization and Its Discontents by : Joseph E. Stiglitz

Download or read book Globalization and Its Discontents written by Joseph E. Stiglitz and published by W. W. Norton & Company. This book was released on 2003-04-17 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: This powerful, unsettling book gives us a rare glimpse behind the closed doors of global financial institutions by the winner of the 2001 Nobel Prize in Economics. When it was first published, this national bestseller quickly became a touchstone in the globalization debate. Renowned economist and Nobel Prize winner Joseph E. Stiglitz had a ringside seat for most of the major economic events of the last decade, including stints as chairman of the Council of Economic Advisers and chief economist at the World Bank. Particularly concerned with the plight of the developing nations, he became increasingly disillusioned as he saw the International Monetary Fund and other major institutions put the interests of Wall Street and the financial community ahead of the poorer nations. Those seeking to understand why globalization has engendered the hostility of protesters in Seattle and Genoa will find the reasons here. While this book includes no simple formula on how to make globalization work, Stiglitz provides a reform agenda that will provoke debate for years to come. Rarely do we get such an insider's analysis of the major institutions of globalization as in this penetrating book. With a new foreword for this paperback edition.