India is an emerging economy that intersects the supply chain of many companies and industries. This is the first book that allows you to learn about the state of the art of supply chain practices, innovative approaches, and the future outlook for India and its neighbors. The content is exceedingly rich and interesting, and will be highly valuable to academics and practitioners.
India today occupies the centre stage in the global arena, and economists the world-over are bullish on india`s unprecedented economic growth in the last ten years and it growth prospects for the future. The large pool of human capital—a young, talented and well-educated workforce—is one of the major drivers of economic growth in the country. Rapid strides in knowledge-based industries, especially information technology, rejuvenation of the manufacturing sector, revolution in the agricultural sector and resurgence in exports have made India one of the fastest growing economies in the world. The opening up of the economy and growth in entrepreneurship has made India a sought-after destination for foreign investment. The authors argue that this situation is a result of first generation economic reforms, initiated primarily by the central government. For inclusive growth, the onus is on state governments to carry forward a second generation of reforms. In this context, the book examines: - The state of the Indian economy after one and a half decades of liberalisation and its role in the fast changing global economy; - the economic performance of various Indian states during this period; and - sectors that have done well and those that need substantial improvement in terms of adoption and implementation of reform measures.
Economics is a social science concerned mainly with description and analysis of the production, distribution, and consumption of goods and services. Beyond the various theories and models, however, economics has close relationship with day to day life. This book reviews the economic journey of India over the last seventy years, and seeks to stimulate the readers’ thinking on some major issues and potentialities facing the Indian economy. Five main themes flow through the book – India’s potential to be the World’s third largest economic power by 2030, the challenges of socio-economic equity that India faces, the several opportunities that India has in that journey, the critical role of governance, leadership, management and administration, and the importance of mindset changes to power India’s futureeconomic growth. A special focus is laid on the role of government policies and projects in socio-economic development. The book sensitises the readers, including college students in general, and students of economics in particular, to the happenings around us which have significant economic import. The book makes all through its seventy chapters several suggestions to power India’s growth as a global economic superpower, on a plank of socioeconomic equity. This book serves as an expansive thought primer and focussed execution guide for an economically independent and resurgent India.
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.
The Indian economy continues to grow rapidly, taking in its stride poor harvests and rising oil prices. Industrial output has increased to double-digit levels, accompanied by rising levels of savings and investment. an important factor in this process has been India's relative political stability. What are the constraints to maintaining a high rate of growth over the next decade or two? These questions acquire special significance as we try to understand long-term growth in the current context of global economic slowdown. The papers in this volume seek to answer these questions.
In its history since Independence, India has seen widely different economic experiments: from Jawharlal Nehru's pragmatism to the rigid state socialism of Indira Gandhi to the brisk liberalization of the 1990s. So which strategy best addresses India's, and by extension the world's, greatest moral challenge: lifting a great number of extremely poor people out of poverty? Bhagwati and Panagariya argue forcefully that only one strategy will help the poor to any significant effect: economic growth, led by markets overseen and encouraged by liberal state policies. Their radical message has huge consequences for economists, development NGOs and anti-poverty campaigners worldwide. There are vital lessons here not only for Southeast Asia, but for Africa, Eastern Europe, and anyone who cares that the effort to eradicate poverty is more than just good intentions. If you want it to work, you need growth. With all that implies.
India's prominence in the global economy is on the rise. Are we witnessing the rise of an economic superpower? Or is it a mirage? What factors have influenced this economic growth story across the different sectors? Which sectors present future growth potential? How can this opportunity be leveraged? In this volume, leading experts and scholars present an in-depth analysis of the rise of the Indian economy across various sectors over the last 15 years. The book explores potential opportunities and pitfalls in business sectors such as software, business process outsourcing, manufacturing, logistics, aviation, marketing and sales and telemedicine. It also provides an overview of potential challenges related to infrastructure, lop sided growth and education in India and pitfalls to avoid while entering India. The book concludes by identifying sectors of outstanding potential for growth in the upcoming decade. This book is geared towards managers and executives of multinational firms, business students, potential investors or anyone interested in obtaining a deeper understanding about the Indian business economy and its growth story.
Long plagued by poverty, India's recent economic growth has vaulted it into the ranks of the world's emerging powers, but what kind of power it wants to be remains a mystery. Our Time Has Come explains why India behaves the way it does, and the role it is likely to play globally as its prominence grows.
As Recently As A Decade Ago, The Prospect Of India Becoming A Developed Country Any Time Soon Seemed A Distant Possibility. Since Then, However, There Has Been A Sea Change In Our Own And The World&Rsquo;S Perception About Our Future. What Explains This Rising Tide Of Optimism? And How Far Is It Justified? In The Future Of India, Bimal Jalan, Former Governor Of The Reserve Bank Of India, Takes Up The Formidable Challenge Of Examining The Nuts And Bolts Of This Proposition. In His Thought-Provoking, Clear-Sighted Analysis, He Argues That It Is The Interface Between Politics, Economics And Governance, And Their Combined Effect On The Functioning Of Our Democracy, Which Will Largely Determine India&Rsquo;S Future. An Understanding Of This Interface Will Help Explain The Swings In India&Rsquo;S Political And Economic Fortunes Over The Past Decades, And Why The Promise Has Been Belied. In The Light Of Experience, Argues Jalan, There Is No Certainty That The Present Euphoria Will Last Unless There Is The Political Will To Seize The New Opportunities That Are Available. He Proceeds To Suggest Steps That Can Be Taken To Smoothen Our Path To Progress: Ways To Strengthen Parliament And The Judiciary; A Series Of Political Reforms That Would, Among Other Things, See Greater Accountability Among Ministers; And Effective Ways To Curb Corruption And Enhance Fiscal Viability. In All These There Is An Emphasis On The Pragmatic, Born Of Jalan&Rsquo;S Experience As An Administrator, Economist And Member Of Parliament. Contemporary And Topical, The Future Of India: Politics, Economics And Governance, Perhaps More Than Any Other Book On The Subject, Shows Just How A Future Close Enough To Be Seen Need Not Forever Remain Elusive To The Grasp. &Nbsp;
