India's Tryst With Destiny
India's Tryst With Destiny

Author: Arvind Panagariya

Publisher: Collins

Published: 2012-11-29

Total Pages: 0

ISBN-13: 9789350295854

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Policy discourse in India tends to be dominated by assertions unsupported by facts, with the media indulging one and all without proper scrutiny. Often, the result is the creation and perpetuation of myths of all kinds. Thus, many believe today that poverty, illiteracy and ill-health afflict India because its leadership ignored them in favour of growth for its own sake; that the economic reforms that focused on growth have failed to help the poor, especially the socially disadvantaged; that any gains claimed in poverty alleviation derive from the use of progressively lower poverty lines; and that even if gains have been made, with one in two children suffering from malnutrition, reforms have done precious little to improve health outcomes. In this definitive book on economic reforms in India since Independence, Bhagwati and Panagariya decisively demolish these and other myths, which critics use as weapons to wound and maim the reforms. Using systematic data and analysis, they forcefully show that once the debris of critiques of India's reforms is cleared, it becomes evident that intensification of reforms - that allows sustained rapid growth - is the only way to lift millions out of poverty, illiteracy and ill-health. They argue that only growth can provide sufficient revenues for the provision of education and good health for the masses.

Liberalisation of the Indian economy
Liberalisation of the Indian economy

Author: Ajaat Gunti

Publisher: diplom.de

Published: 2002-04-12

Total Pages: 109

ISBN-13: 3832453067

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Inhaltsangabe:Abstract: With the onset of reforms to liberalise the Indian economy in July of 1991, a new chapter has dawned for India and her billion plus population. This period of economic transition has had a tremendous impact on the overall economic development of almost all major sectors of the economy, and its effects over the last decade can hardly be overlooked. Besides, it also marks the advent of the real integration of the Indian economy into the global economy. This era of reforms has also ushered in a remarkable change in the Indian mindset, as it deviates from the traditional values held since Independence in 1947, such as self reliance and socialistic policies of economic development, which mainly due to the inward looking restrictive form of governance, resulted in the isolation, overall backwardness and inefficiency of the economy, amongst a host of other problems. This, despite the fact that India has always had the potential to be on the fast track to prosperity. Now that India is in the process of restructuring her economy, with aspirations of elevating herself from her present desolate position in the world, the need to speed up her economic development is even more imperative. And having witnessed the positive role that Foreign Direct Investment (FDI) has played in the rapid economic growth of most of the Southeast Asian countries and most notably China, India has embarked on an ambitious plan to emulate the successes of her neighbours to the east and is trying to sell herself as a safe and profitable destination for FDI. The main objective of this thesis is to show whether India is really that attractive as a host to FDI and whether she is likely to succeed in her endeavour to be able to use FDI as a tool to accelerate her economic growth. In order to achieve this task, starting with the liberalisation process, there will be a brief description of the economic development of India since Independence and its role in leading to the dire economic situation, which ultimately culminated in the initiation of reforms to open up the economy to foreign investors and competition, whereby the reforms relating, directly and indirectly, to FDI will be closely described. Then there will be a brief explanation of the theoretical background of FDI, i.e. what it exactly means and the driving forces behind it, whereby concentrating mainly on the eclectic theory and then applying it to the prevailing situation in India by concentrating [...]

India's Industrial Icons
India's Industrial Icons

Author: Ehsan Sheroy

Publisher: Uniek Enterprises

Published: 2023-11-10

Total Pages: 0

ISBN-13: 9788196723675

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In the vibrant tapestry of India's economic landscape, a prominent thread weaves through the narrative of industrial prowess - the Masters of Manufacturing. These visionary leaders and iconic figures stand as beacons of innovation, resilience, and transformative growth in the realm of industry. With a legacy deeply rooted in the rich soil of India's industrial history, these titans have not only shaped the destiny of their enterprises but have also played a pivotal role in shaping the nation's economic destiny. At the helm of this illustrious group is an assembly of captains of industry who have demonstrated exceptional acumen, foresight, and determination. Their contributions span across diverse sectors, from automotive to technology, textiles to pharmaceuticals, and everything in between. Each industrial icon has carved a unique niche, defining the trajectory of their respective industries and contributing significantly to the country's overall economic development. In the automotive sector, figures like Ratan Tata, the visionary behind Tata Motors, and Anand Mahindra, the driving force behind Mahindra & Mahindra, have not only steered their companies to global recognition but have also been instrumental in positioning India as a hub for automobile manufacturing and innovation. In the technology domain, leaders such as Azim Premji, the founder of Wipro, and N. R. Narayana Murthy, the co-founder of Infosys, have not only transformed their companies into global IT giants but have also played a pivotal role in shaping India's identity as a technology powerhouse. Textile magnates like Aditya Birla and Ambani family, with their companies Aditya Birla Group and Reliance Industries respectively, have been instrumental in establishing India as a global textile and manufacturing hub. Their influence extends beyond the boardroom, reaching into the very fabric of India's economic landscape. In the pharmaceutical realm, figures like Dr. Reddy, founder of Dr. Reddy's Laboratories, and Kiran Mazumdar-Shaw, the founder of Biocon, have not only pioneered breakthroughs in healthcare but have also laid the foundation for India's emergence as a pharmaceutical research and manufacturing giant. These industrial icons are not just business leaders; they are architects of change, social contributors, and nation-builders. Their stories are not only tales of corporate success but narratives of resilience, innovation, and the relentless pursuit of excellence. India's Industrial Icons, the Masters of Manufacturing, have left an indelible mark on the canvas of India's industrial history, inspiring generations to come and shaping the destiny of a nation on the rise.

Party System in India
Party System in India

Author: Ajay K Mehra

Publisher: Lancer Publishers LLC

Published:

Total Pages: 364

ISBN-13: 1935501674

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India’s party system has been under flux, transformation and reconfiguration since the end of the 1980s. By the time the sun set on the twentieth century, the party system in India had developed a plurality of national and regional levels and following several experiences in fits and starts, coalition making among the parties too stabilized at the national level. The dawn of twenty first century thus witnessed a federalized party system in place, where coalition making and cohabitation amongst the parties stabilized at both national and regional levels. As a result, since 1999 India has had two completing governments completing their full term at the national level; the third, UPA II, has completed four years, and despite hiccups is likely to complete its full term till mid-2013. However, the party system in the country has turned competitive and several trajectories of alternation are being attempted by parties and leaders, making the emerging political situation fluid. The volume attempts to capture the emerging trajectories of the party system in India in the second decade of the twenty first century with seventeen essays written specially for this volume by scholars who met several times to discuss and formulate questions and critique each other’s drafts. Overall, the volume provides an incisive and comprehensive analysis of the far-reaching changes that India’s political parties and party system are undergoing. It looks into the institutional dimensions, processes and agenda, federal manifestations, transitions (including generational change) and extraneous influences brought in by globalization, Indian Diaspora and the impact of new media technology. Constituting an important contribution to the on-going debate on the Indian party system, this volume will attract the attention of students of Indian politics, political science, democracy, party systems and comparative politics.