Trade, Investment and Economic Growth
Trade, Investment and Economic Growth

Author: Pooja Lakhanpal

Publisher: Springer Nature

Published: 2021-05-10

Total Pages: 396

ISBN-13: 9813369736

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The book contributes to the growing literature pertaining to empirical and policy issues in international trade, foreign capital flows and issues in finance, implications for India and emerging economies related to trade and development interface, and analysis of sector level growth and development in India. Further, the focus is on the policy aspects of these themes and their role in fostering economic development in the context of India and other emerging market economies. The discourse focuses mainly on empirical work and econometric details. The relevant issues are investigated using state of the art techniques such as gravity models, panel co-integration, generalized hyperbolic distributions, SEM, FMOLS and Probit models. In addition, detailed literature survey, discussions on data availability, issues related to statistical estimation techniques and a theoretical background, ensure that each chapter significantly contributes to the ever-growing literature on international trade and capital flows. The readers shall find an engaging dialogue on the crucial role played by policy and the trade-capital flows-growth experience of emerging economies. The book is relevant for those who are interested in contemporary issues in trade, growth and finance as well as for students of advanced econometrics who may benefit from the analytical and econometric exposition. The empirical evidences provided here could serve as ready reference for academicians, researchers and policy makers, particularly in emerging economies facing similar challenges.

India Automated: How the Fourth Industrial Revolution is Transforming India
India Automated: How the Fourth Industrial Revolution is Transforming India

Author: Pranjal Sharma

Publisher: Pan Macmillan

Published: 2019-11-07

Total Pages: 246

ISBN-13: 1529043271

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Rethinking the future of India through automation. From scavenging to lunar missions, from railway factories to healthcare and even tax planning, automation is growing faster and deeper in India than is visible. In a country where more than a million people get ready for jobs every month, this rise in automation can appear as an unwelcome change or a threat to their livelihood. But the reality is that automation is enhancing efficiency, accuracy and accountability of India’s working professionals in ways that haven’t been seen before. Automation is helping generate information in a data-poor country. It is making India’s private sector more active and government’s functioning more transparent and reliable. Through several case studies of private enterprises and government departments, India Automated chronicles the transformation that India is undergoing and how robotics and process automation are infusing proficiency in our work and personal lives. Automation is turning to be one of the most impactful results of the Fourth Industrial Revolution technologies in India. AI, drones, blockchain, cybersecurity, 3D printing, augmented and virtual reality include automated processes. These are also opening new categories of employment for job seekers. This book argues for deeper collaboration between industrial and government sectors to ensure that automation enhances India’s steady growth while also mitigating its negative impact. With this forward-looking approach, Pranjal Sharma brings us face to face with the reality that it is imperative for India to align itself with this revolution.

Make in India
Make in India

Author: Rahul Anand

Publisher: International Monetary Fund

Published: 2015-05-29

Total Pages: 65

ISBN-13: 1513597396

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Structural transformation depends not only on how much countries export but also on what they export and with whom they trade. This paper breaks new ground in analyzing India’s exports by the technological content, quality, sophistication, and complexity of the export basket. We identify five priority areas for policies: (1) reduction of trade costs, at and behind the border; (2) further liberalization of FDI including through simplification of regulations and procedures; (3) improving infrastructure including in urban areas to enhance manufacturing and services in cities; (4) preparing labor resources (skills) and markets (flexibility) for the technological progress that will shape jobs in the years ahead; and (5) creating an enabling environment for innovation and entrepreneurship to draw the economy into higher productivity activities.

Issues in Indian Public Policies
Issues in Indian Public Policies

Author: Vinod B. Annigeri

Publisher: Springer

Published: 2018-05-24

Total Pages: 239

ISBN-13: 9811079501

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This book discusses economic development in general and selected public policy issues with a focus on philosophy, Gandhian thoughts and sectoral issues in the Indian context. It presents scholarly contributions on growth and development in India, with particular emphasis on human development in connection with the economy of India and selected developing countries. It brings to the forefront a body of knowledge on philosophy and ethical issues within the domain of public policies relating to development in today’s world. The book includes contributions from leading economists and covering a range of issues such as the Indian government’s current ‘Make in India’ drive, the role of the World Bank, managing educational finances, development and higher education policy, inflation, decentralization, inequality, regional development, and linkages between health, nutrition and education. Accordingly, the book not only offers a useful resource for academics, economists and development practitioners, but also has important implications for public policymaking.

Make in India Or Trade in India
Make in India Or Trade in India

Author: Sachin Gupta

Publisher:

Published: 2020-02-05

Total Pages: 241

ISBN-13:

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Has the Make in India program been helpful to the manufacturing startup entrepreneurs in India? The book answers this question. This is a real book by a real manufacturing startup entrepreneur. The book is not the result of an intellectual brainstorming session among so-called experts who have no ground experience. Rather, this is a genuine human story comprising of the true events in the startup journey of a manufacturing entrepreneur in India. * Therefore, there are no views. There are only facts. * The challenges faced by a manufacturing startup entrepreneur in India are documented in this book. * The book looks at the 'Make in India' program from a startup entrepreneur's perspective. * The book highlights the reasons as to why Indian entrepreneurs are becoming traders and not manufacturers. * Despite the launch of the Make in India initiative in 2014, as per a study by Nomura (A Japanese Financial Group), between the period April 2018 to August 2019, a total of 56 global manufacturing companies shifted their production base from China. However, only 3 came to India. Whereas 26 of those companies relocated to Vietnam, 11 to Taiwan, and 8 to Thailand. Why? The book provides answers to these questions. * The book also covers as to why 'Make in India' policy shall also focus on encouraging startups in addition to attracting the global companies to India. * The book analyzes the reasons as to why entrepreneurs across India are buying goods from China and selling them in India. From simple common household items like 'Chappal' to 'Agarbatti' to 'Diwali Lights' to 'Holi Pichkaris' to 'Toys' to electrical items such as 'switches' to 'fans' to 'LED' to even our 'Gods' sculptures' are being sourced from China and sold in India. * The book analyzes the reasons for India's massive trade deficit with China (60 + Billion USD). * The book suggests solutions to reduce India's trade deficit with China that in turn can result in massive job creation in the manufacturing sector in India thereby giving a boost to India's GDP growth. * The book also suggests solutions to succeed in the Make in India project besides making Indian manufacturing globally competitive. * Rising wages in China since 2006 should have been an ideal opportunity for India to become a manufacturing superpower, however, as per the world bank data, as of 2018, India's manufacturing output was merely 403 billion US$ in comparison to China's manufacturing output of approximately 4.003 trillion US$. Why? * Recent events such as the Coronavirus global pandemic further presents an opportunity for India to succeed in the Make in India project, however, are our policymakers ready? Are our policymakers willing to listen to the entrepreneurs and make necessary changes in the policy framework?

Reintegrating India with the World Economy
Reintegrating India with the World Economy

Author: T. N. Srinivasan

Publisher: Columbia University Press

Published: 2003-05-01

Total Pages: 182

ISBN-13: 0881324442

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After nearly five decades of insulation from world markets, state controls, and slow growth, India embarked in 1991 on a process of liberalization of controls and progressive integration with the global economy in an effort to put its economy on a path of rapid and sustained growth. Despite major changes in the government since then, the thrust on reforms has been maintained. According to the World Bank, only 10 out of 145 countries had more rapid growth than India at over 6 percent per year in the 1990s and two had the same as India's. In this study, T.N. Srinivasan and Suresh D. Tendulkar analyze the economics and politics of India's recent and growing integration with the world economy. They argue that this process has to be nurtured and accelerated if India is to eradicate its poverty and take its rightful place in the global economic system.The study covers the historical roots and the political economy of India's late integration; domestic and external constraints on integration; external capital inflows including foreign direct investment; and India's emerging comparative advantage in the information technology industry and services, particularly computer software. The final chapter offers policy recommendations including proposals that India could make at the ongoing Doha Round of multilateral trade negotiations.

An Interim Evaluation of the Performance of Make in India Program In Information Technology Hardware
An Interim Evaluation of the Performance of Make in India Program In Information Technology Hardware

Author: Dr. Ashutosh Gaur

Publisher: Exceller Books

Published:

Total Pages: 189

ISBN-13:

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‘An Interim Evaluation of the Performance of Make in India Program In Information Technology Hardware’ discusses the vital strategies for the success of India's Make in India Program in the IT hardware sector. It also delves into economic game-changers - Demonetization and GST - and their influence on the industry. The outcome also illustrates perception of Industry people about the Make in India Program. This book also underlines role of Academic Institution for Making India self-reliant in the manufacturing of Information Technology Hardware.

Make in Steel for Make in India.
Make in Steel for Make in India.

Author: Chinmay Nimgoankar

Publisher: CN Publications

Published: 2017-12-06

Total Pages: 20

ISBN-13:

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Make in Steel Make in India is a complete e-Book with the 3 Years Initiatives and Achievements of The Government of India (Ministry of Steel). India is the world’s third-largest producer of crude steel (up from eighth in 2003) and is expected to become the second-largest producer. The steel sector in India contributes nearly two per cent of the country’s gross domestic product (GDP) and employs over 6,00,000 people. The growth in the Indian steel sector has been driven by domestic availability of raw materials such as iron ore and cost-effective labour. Consequently, the steel sector has been a major contributor to India’s manufacturing output. The Indian steel industry is very modern with state-of-the-art steel mills. It has always strived for continuous modernisation and up-gradation of older plants and higher energy efficiency levels. Presently, India’s crude steel capacity is around 126 Million Tonnes (MT) and Production of crude steel was 97.4 MT during 2016-17.