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India as an Organization: Volume One
by Dipak Basu Victoria MiroshnikThis book is an analysis of the political and philosophical foundations of the development of India's economy, including discussions of what's gone wrong in the past and what can be done to rectify it. The authors provide a detailed analysis of the history and burning issues derived from these historical analysis which are still unresolved today. As well as this, there are analyses of the political economy and both ancient and modern historical perspectives.
India as an Organization: Volume Two
by Dipak Basu Victoria MiroshnikThis book, the second of two volumes, continues the authors' ground-breaking re-examination of India's history and political economy. This volume describes the economic fortunes of India in the second half of the 20th century. Beginning with the reconstruction of the Planning Commission and India's hybrid model of economic planning, the authors describe the multiple shocks weathered by the system before being replaced with a fully free market model after the collapse of the Soviet Union. Chapters consider the stresses placed on India's organisation by the shocks of the twentieth century, from its experiments with a socialist economy to its embrace of the Washington consensus in the 1980s. The impact of the invasion of China in 1962 and India's struggle to find its feet post-partition are also given detailed analysis. The book's unique perspective helps to shed light, for the first time, on how India's organisational structure negotiated the country's immense historical and cultural inheritance with the stresses of a twentieth century nation state.
India from Latin America: Peripherization, Statebuilding, and Demand-Led Growth
by Manuel GonzaloThis book studies the economic history of India and traces the Indian path of development from a Latin American framework and perspective. Despite sharing many historical and geological similarities, dialogue between the young democracies of Latin America and the Indian subcontinent is still extremely scarce. The volume builds a common research agenda for the economic development of the Global South. It offers Latin American insights and highlights novelties and commonalities the region shares with India’s economic development. It pays special attention to the (geo)political, technological, financial, and institutional aspects related to the specific geographical and demographical features of the Indian subcontinent. A step towards strengthening the dialogue on economic development in the Global South, this book will be of interest to scholars and researchers of heterodox economics, Indian economy, comparative economics, macroeconomics, political economy, economic history, development studies, Latin American studies, and South Asian studies.
India in the Arctic: Geopolitical and Economic Engagements
by Nikhil PareekThis book explores the pitfalls and bottlenecks of viewing the Arctic from a mere scientific prism and offers recommendations to approach it from a strategic construct and climate change by strengthening bilateral and multilateral cooperation with the Arctic states and the Arctic intergovernmental organisations. It discusses the inception and development of the soft law cooperative governance structure prevailing in the Arctic and explores engagement by the various stakeholders including the eight sovereign states, thirteen sovereign states as observers, various intergovernmental and inter-parliamentarian outfits, NGOs, and others desirous of an active participation in the Arctic. It brings out the geo-economic and geostrategic levers which have propelled the Arctic as a key region for emerging great power rivalry. It posits the efforts of Arctic states and the Observers holistically to draw parallels with the Indian efforts requiring greater focus and effort. It critically examines the Arctic Policy released by the government on 17 Mar 2022 that missed the opportunity to elucidate India’s geo-economic, geostrategic, economic, and geopolitical aspirations in the hugely vital region and debates if India’s economic and geopolitical position as well as historical links to the Arctic region fits the requirements of an external observer state and must continue to build on its strengths for mutual betterment.
India in the Contemporary World: Polity, Economy and International Relations
by Manish ThapaThis book brings together Indian and European perspectives on India’s polity, economy and international strategy. It explores internal, regional and global determinants shaping India’s status, position and goals in the early 21st century. Through an array of methodological and theoretical approaches, it presents debates on democracy, economic development, foreign and security policy, and the course of India–European Union relations. The volume will prove invaluable to scholars and students of international relations, politics, economics, history, and development studies, as well as policy makers and economists.
India in the G20: Rule-taker to Rule-maker (The Gateway House Guide to India in the 2020s)
by Manjeet KripalaniThis book analyses the importance of the G20 to India, its role so far, and how it can leverage its presidency year to be an influential author of new global rules. In 2023, India will be the President of the G20 Summit, the world’s most influential multilateral economic forum. For countries like India, the G20 is a unique global institution, where developed and developing countries have equal stature. This creates opportunities to showcase their global political, economic and intellectual leadership, have a significant impact on the global economic governance agenda and make it more inclusive. This volume discusses how the Presidency year gives India the opportunity to ‘… hold the pen, write the rules’ and lead the G20 year intellectually, financially, managerially and administratively. It provides a ringside view of India’s path to the G20 Presidency and examines issues such as the core agenda of the G20; explains the significance of forums like T20, B20, and their proliferations; India’s journey as a marginal player in the G20 to its current status; issue of dedicated leadership and management; and India’s Agenda for 2023. Topical, timely, important and lucidly written, this book in The Gateway House Guide to India in the 2020s series will be key reading for scholars and researchers of economics, multilaterals, global governance, strategic studies, defence studies, SAARC, UN Studies, foreign policy, international relations, international economics and international trade, as well as interest to policymakers, diplomats, career bureaucrats, and professionals working with think tanks, academia and multilateral agencies, and business.
India in the Indian Ocean World: From the Earliest Times to 1800 CE
by Rila MukherjeeThe book integrates the latest scholarly literature on the entire Indian Ocean region, from East Africa to China. Issues such as India's history, India’s changing status in the region, and India's cross-cultural networking over a long period are explored in this book. It is organized in specific themes in thirteen chapters. It incorporates a wealth of research on India’s strategic significance in the Indian Ocean arena throughout history. It enriches the reader's understanding of the emergence of the Indian Ocean basin as a global arena for cross-cultural networking and nation-building. It discusses issues of trade and commerce, the circulation of ideas, peoples and objects, and social and religious themes, focusing on Hinduism, Buddhism, and Islam. The book provides a refreshingly different survey of India’s connected history in the Indian Ocean region starting from the archaeological record and ending with the coming of empire. The author’s unique experience, combined with an engaging writing style, makes the book highly readable. The book contributes to the field of global history and is of great interest to researchers, policymakers, teachers, and students across the fields of political, cultural, and economic history and strategic studies.
India in the World Economy
by Tirthankar RoyCross-cultural exchange has characterised the economic life of India since antiquity. Its long coastline has afforded convenient access to Asia and Africa, and trading partnerships formed in the exchange of commodities ranging from textiles to military technology. In a journey spanning 2,000 years, this book describes the ties of trade, migration and investment between India and the rest of the world, showing how changing patterns of globalisation reverberated on economic policy, politics, and political ideology within India. Through his narrative, Doctor Tirthankar asks three major questions: Is this a particularly Indian story? When did the big turning points happen? Is it possible to distinguish the modern from the pre-modern pattern of exchange? These questions invite a new approach to the study of Indian history by placing the region squarely at the centre of the narrative. This is global history written on India's terms, inviting South Asian, Indian and global historians to rethink both their history and their methodologies.
India on the Move
by Richard H.K. Vietor Emily J. ThompsonBy 2003, India had been growing at almost 6% annually since 1992, after it suffered a financial collapse, abandoned import substitution, and moved gradually to adopt the Washington Consensus. Now, financial controls and competition barriers are less burdensome, inflation is lower, and the current account is balanced. However, the finance minister faces difficulties with massive fiscal deficits and continuing disturbances with Pakistan that seem to deter foreign direct investment (FDI). The question facing him is whether India can reduce these deficits (in the face of a 2004 election) or whether to let them slide, hoping that India's entrepreneurs and high-tech southern states will carry the day.
India the Road Ahead
by Mark TullyFull of fascinating stories of real people at a time of great change, it will be of interest to economists, business people, diplomats, politicians, as well as to those who love to travel and who take an interest in the rapid growth of one of the world's largest countries, and what this means to us in the West.
India's Agricultural Marketing
by Nilabja GhoshThe proposed book provides an assessment of an important yet controversial policy initiated by the Indian government and governments of several other developing countries. Marketing reforms, it is claimed, can be a crucial answer to solving the problem of rural poverty in agrarian economies where large sections of populace are engaged in low paying agriculture. On a wider front, these reforms could help in providing growth impetus to an economy and even the global economy at large. Yet, the subject of liberalizing agricultural markets is also part of a broad and perhaps a bitter political debate between national and sub-national policy makers and academic discourses in India and other countries. A clearer understanding and a possible resolution of the issues involved will be decidedly useful. The experience of India, one of the largest and most agriculture-dominated economies, will undoubtedly provide valuable lessons not only for steering the domestic economic policy but also for other countries to set their own policy agenda. The book attempts to capture the evolving reality in a large and diverse country and presents an objective evaluation to enable aspiring investors and those in policy making, food business and civil society to make more informed assessment and decision.
India's Amul: Keeping Up with the Times
by Tarun Khanna Tanya Bijlani Namrata Arora Rohit DeshpandeAmul is an Indian dairy cooperative founded in 1947, eight months before India's independence from British rule, and owned by over three million farmers in the state of Gujarat. It is India's largest food product marketing organization, selling 46 products, including pouched milk, cheese, butter, ice cream and infant food through a million retailers across the country, and is the market leader in almost all the categories that it operates in. Amul is well known among Indian consumers for offering high-quality products at reasonable prices, and runs a highly popular advertising campaign that spoofs current events. It offers its farmers 80% of the consumer's dollar for milk, compared with 35%-40% typical in some Western markets. Amul's cooperative dairy model has been replicated across several Indian states, thereby helping increase the incomes of 80-100 million farmer families across the country. However, despite its success, Amul is beginning to come under increasing pressure. Multinationals like Nestl and Unilever are increasing their presence in India, and competing fiercely with Amul in value-added products like yogurt. The entry of large multi-brand retailers like Walmart and Carrefour in the Indian market threatens to squeeze Amul's margins and undermine its low-cost distribution network. India's large young rural population is shying away from dairy farming in favor of urban jobs, leaving questions about future procurement. Finally, Amul's farmers form a large vote bank in the state of Gujarat, and its cooperative structure risks being compromised by vested political interests. Should Amul continue with the business model that has served it so well for decades, or should it change its strategy in order to keep up with India's changing social, political and economic landscape?
India's Amul: Keeping up with the Times
by Tarun Khanna Tanya Bijlani Namrata Arora Rohit DeshpandeAmul is an Indian dairy cooperative founded in 1947, eight months before India's independence from British rule, and owned by over three million farmers in the state of Gujarat. It is India's largest food product marketing organization, selling 46 products, including pouched milk, cheese, butter, ice cream and infant food through a million retailers across the country, and is the market leader in almost all the categories that it operates in. Amul is well known among Indian consumers for offering high-quality products at reasonable prices, and runs a highly popular advertising campaign that spoofs current events. It offers its farmers 80% of the consumer's dollar for milk, compared with 35%-40% typical in some Western markets. Amul's cooperative dairy model has been replicated across several Indian states, thereby helping increase the incomes of 80-100 million farmer families across the country. However, despite its success, Amul is beginning to come under increasing pressure. Multinationals like Nestl and Unilever are increasing their presence in India, and competing fiercely with Amul in value-added products like yogurt. The entry of large multi-brand retailers like Walmart and Carrefour in the Indian market threatens to squeeze Amul's margins and undermine its low-cost distribution network. India's large young rural population is shying away from dairy farming in favor of urban jobs, leaving questions about future procurement. Finally, Amul's farmers form a large vote bank in the state of Gujarat, and its cooperative structure risks being compromised by vested political interests. Should Amul continue with the business model that has served it so well for decades, or should it change its strategy in order to keep up with India's changing social, political and economic landscape?
India's Balance of Indebtedness: 1898–1913 (Routledge Revivals)
by Y. S. PanditOriginally published in 1937, this study was modelled on Jacob Viner’s famous work on Canada and when it was published it was an important addition to the growing literature in Applied Economics. The period selected was a time of increased foreign borrowings by India and expanding foreign demand for her products. It was also the period when the Gold Exchange Standard was being introduced into the country. The author therefore had the opportunity to find out not only whether the theory of international adjustment was borne out by India’s experience but also showed to what extent, if any, the process of adjustment was affected by the peculiar currency organization. The book discusses the interrelations of foreign borrowings, the barter terms of trade and the price-level of India and throws important light on the currency controversies both old and new. The book will be of interest to students of India’s economic and monetary history.
India's Development and Public Policy (Routledge Revivals)
by Stuart S. NagelThis title was forst published in 2000: An analysis of India’s development and public policy from the perspectives of five major fields of public policy. 1. Economic policy, including public policy toward industrial development. 2. Social policy, including religion, education and women’s rights. 3. Environmental policy, including possible conflict with economic development. 4. Science-technology policy, including agricultural development, information technology and administering the electronics industry. 5. Political reform, including local government and general elections.
India's Emerging Financial Market: A Flow of Funds Model (Routledge Studies in the Growth Economies of Asia #Vol. 77)
by Tomoe MooreIn the early 1990s, financial liberalization started in India, and it was thought that such reforms would increase economic growth. This argument formed part of the finance led industrialization hypothesis and although higher growth resulted, higher industrialization did not immediately. This book is the first study to comprehensively apply the flow of funds model for India. Using detailed data of the Indian economy, the whole financial sector is presented with associated policy simulation for India. The demand function is theoretically grounded in the Almost Ideal Demand System and cointegration techniques are adapted into the econometric methodology. The policy simulation experiments are conducted with a view to analyzing the delivery of loanable funds to sectors which are the most in need of poverty-reducing economic growth. The system-wide simulation as a result of interactions with disaggregated economic sectors will allow the analysis of a wide spectrum of policy effects on issues such as the determinant of interest rates, financial capital formulation, and the role of financial institutions, government debt and allocation of credit. India's Emerging Financial Market provides a thorough and rigorous analysis of policy responses in India and will be of interest to academics working on development economics in general and South Asia in particular.
India's Informal Economy: Contractual Labour in the Formal Manufacturing Sector (Routledge Studies in Labour Economics)
by Bir SinghThe demand for economic inclusion has increasingly intensified, as manifested by the growing movements of farmers, workers and social activists. Therefore, the question of adequate social representation of marginalized and underprivileged communities has to be made pivotal in the discourse of inclusion. This book investigates selected aspects of labour market informality in India. It examines the key factors that have expedited labour informality—contractualisation—in the manufacturing sector since the early 1990s. It analyses the features of informality and inclusion from the perspective of not just class but also the caste hierarchy in Indian society, thus offering readers an exhaustive overview of economic inclusion following the economic reforms and providing fresh insights into labour market informality through the lens of the social divisions in Indian society. Developed on a wide canvas of multiple processes, policies, and factors that have contributed to this phenomenon, the book offers an elaborate analysis of contractualisation within the industry from the perspectives of labour legislation and the labour market. In addition, it contextualizes the issue of job informality for the post-economic reforms era, from 1991 onwards. It examines the impact of the policies of economic reform on contractualisation across industries and states. Further, the book discusses the dynamics of the labour market reforms in India, given that there is a higher incidence of labour informality in India. It also highlights how the policy quest for inclusive growth has remained unfulfilled. This book will be a useful guide for advanced students, academic researchers, scholars and policy makers that are engaged with the issue of informal sector employment.
India's Journey Towards Sustainable Population
by Bedprakas SyamroyThis book makes a thorough investigation of the population problem issues in India from diverse angles- demographic, policy and programme. Discussing the theoretical background of population control, the book also deals with all mundane issues - social, cultural, religious, legal and health issues, and attempts to capture the state of preparedness of India to reach sustainable population. It is a valuable resource for students of population studies and academics working on population control and management. Additionally, it is also a useful reference work for trainees at national academies, journalists, family welfare service providers and the civil society groups working on population control and family planning.
India's Late, Late Industrial Revolution
by Sumit K. MajumdarThere is a paradox at the heart of the Indian economy. Indian businessmen and traders are highly industrious and ingenious people, yet for many years Indian industry was sluggish and slow to develop. One of the major factors in this sluggish development was the command and control regime known as the License Raj. This regime has gradually been removed and, after two decades of reform, India is now awakening from its slumber and is experiencing a late, late industrial revolution. This important new book catalogues and explains this revolution through a combination of rigorous analysis and entertaining anecdotes about India's entrepreneurs, Indian firms' strategies and the changing role of government in Indian industry. This analysis shows that there is a strong case for a manufacturing focus so that India can replicate the success stories of Asian countries such as Japan, South Korea and China.
India's Low-Skilled Migration to the Middle East: Policies, Politics and Challenges
by S. Irudaya Rajan Prem SaxenaThis book provides new insights and research studies on how developing countries come to terms with the nationalisation policies of Gulf economies that provide employment for their nationals. Focusing on regions and countries that have traditionally been overlooked, it includes studies on labour migration from Egypt to the Middle East and from the Philippines to Lebanon, migrant experiences and policy prospects in Saudi Arabia and Lebanon, and Indian migration to the Gulf. The book fills a critical gap in migration research by studying migration from various Indian states, such as Tamil Nadu, Telugu-speaking states (Telangana and Andhra Pradesh), Rajasthan and Uttar Pradesh. It also explores the unexpected phenomenon of demographic windows of economic opportunity (not documented in demographic literature) observed in a few Arab countries due to older migrant expatriates returning to their home country; the impact of international out-migration on intergenerational educational mobility among children in migrant-sending households in Kerala; and forced migration of Kerala Muslims to the Gulf.
India's National Security: Annual Review 2014
by Satish KumarThis fourteenth volume of India’s National Security Annual Review intensively analyses India’s national security with respect to the changing internal and external dynamics. In the global environment, the situation is characterised by rising tensions between United States and Russia, intensified rivalry between United States (US) and China, and increasing cooperation between China and Russia. For India which seeks peaceful growth to emerge as a major power, this poses severe diplomatic challenges. This volume discusses the complexity of these challenges and the deftness with which India gets the best out of its strategic partnerships with the US and Russia while warding off the transgressions of a mighty adversary like China. It also studies the impact of internal convulsions and external intrusions on India’s security from South Asian nations such as Afghanistan, Bangladesh, Nepal and Sri Lanka. Examining the field of internal security, the essays carry rare insights into the causes of expansion of Naxalite violence in tribal areas and the dynamics of conflict resolution in the Northeast, as well as India’s deep concern as a growing power with its economic slowdown in the recent past, and energy and cyber security. Bringing together contributions from eminent scholars and diplomats, the volume will be indispensable for policymakers, government think tanks, defence and strategic studies experts, as well as students and researchers of international relations, foreign policy and political science.
India's National Security: Annual Review 2015–16
by Satish KumarThe last two years have witnessed deterioration in the global security situation characterised by increasing tensions among major powers. The threat perceptions of the US, China and Russia vis-à-vis each other have sharpened. There is stiff competition among them to dominate the strategic space in different parts of the world. This has led them to formulate national security strategies which are more assertive, aggressive and competitive. There is lack of consensus in resolution of conflicts in Afghanistan and Syria. There is no concerted effort in meeting the challenge of the Islamic State. It is in this fractured security environment that India has been making special efforts to project itself as a leading power commensurate with its economic and military potential. This fifteenth volume of India’s National Security Annual Review undertakes an incisive analysis of India’s endeavours to maximise its gains with respect to its strategic partners. The volume also focuses on the new dynamism that India has injected in its relations with countries in the Middle East and the Asia Pacific. India’s threat perceptions in its extended security zone, critical aspects of its strategic preparedness and complex issues regarding its internal security have been thoroughly examined. With contributions from experts from the fields of diplomacy, academia and civil and military services, the book will be one of the most dependable sources of analyses for scholars of international relations, foreign policy, defence and strategic studies, and political science, and practitioners alike.
India's New Economic Policy: A Critical Analysis (Routledge Studies in Development and Society)
by Waquar AhmedConventional 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.
India's Saudi Policy: Bridge to the Future
by P. R. Kumaraswamy Md. Muddassir QuamarThe book traces India’s Saudi Policy and locates the current state of bilateral relations and the challenges it faces. It argues that during the Cold War the relations were largely shaped by the Pakistan factor which in turn inhibited both sides from exploring the importance and value of one another. As a result, the relations were largely transactional and marginal. The end of the Cold War coincided with two interesting developments, namely, significant growth in India’s economic power and influence and the de-hyphenation of Pakistan from its Middle East policy. This resulted in greater political engagements between India and Saudi Arabia and was strengthened by the growing energy trade ties. For long expatiate population and haj have been the backbone of the relations, and they have been new instruments as India looks to enhance its engagements with the Kingdom through investments opportunities, political contacts, shared security concerns and strategic cooperation. India’s Saudi policy, however, face many challenges most importantly the regional instability, the Iran factor, low oil price and the international dynamics. The book will be the first comprehensive work on the India-Saudi relations. Though targeting a wider audience, it will be academically grounded and based on primary sources collected from India and Saudi Arabia.
India's Store Wars
by Geoff HiscockAs India's middle class grows and disposable incomes rise, "modern" retail is becoming the next hot sector of the Indian economy. Hundreds of millions of new consumers will join this retail revolution, venturing into supermarkets, department stores and air-conditioned shopping malls for the first time. But instead of just window shopping, many of them will be serious buyers with money to spend. To cater for their needs, established players in the modern retail sector such as Biyani, Raheja and Goenka are being joined by the big names of Indian business - Reliance, Birla, Bharti, Tata etc - who plan to spend billions over the next few years rolling out supermarkets, big-box outlets and specialty stores. At the same time, property developers are getting on with the "malling" of India, and looking for high profile anchor tenants to lure customers.On the sidelines of this Indian retail revolution are big overseas players such as Wal-Mart, which already has a tie-up with Bharti to provide much-needed "back office" support. But what Wal-Mart really wants is the right to set up its own stores in India. The same goes for Tesco, Carrefour, Metro and other international players.While the macro outlook appears bright, the problems are astronomical for India retail industry. There is no reliable cold chain, transport logistics are appalling, there is a huge lack of managerial talent, there is no consistency for quality and quantity of supply, there is political opposition from groups such as market middlemen, the mom and pop "kirana" corner stores have to be catered for, as do the farmers who grow the produce that is integral to a successful retail revolution. How well will these disparate players cope with the various pressures of a dynamic and fast-moving industry?