Author(s): S R Hashim, K S Chalapati Rao, K V K Ranganathan, and M R Murthy, (Eds)

Publishers: Academic Foundation, New Delhi

Pages: 900

Hardcover First Edition

ISBN: 978-8171887224

Indian Industrial Development and Globalisation: Essays in Honour of Professor S.K. Goyal

About the book

The contents of this volume add useful dimensions to the ongoing debate on various issues relating to India’s transition to the new economic policy regime.The papers in this volume were written specifically for the National Conference on Industrial Development and Economic Policy Issues, organised by the Institute for Studies in Industrial Development during June 27-28, 2008.The Conference was held in honour of Professor S.K. Goyal and was anchored on his research interests. While some of the contributions deal specifically with the Indian scenario, others provide an overall context for the debate. They are thus an interesting mixture of specifics and the general.

Section I deals with the issue of industrialisation and employment especially in the context of increasing importance of the services sector and deceleration of the agricultural sector.

Section II examines the historical context of the development of corporate sector in India as well as the present ownership pattern of the sector which has direct implications for industrialisation and distributional aspects respectively.This section also deals with the developments in the banking sector.

Section III focuses on the role of foreign direct investment in development and innovation, the performance of different constituents of the corporate sector in terms of exports and India’s preparedness for a free trade agreement with China.

Section IV is about globalisation issues in general and India’s experience in this context in particular.

Section V focuses on issues relating to poverty and inequality.

Section VI covers a different set of issues namely, political and cultural dimensions of the new era.

About the Author(s) / Editor(s)

S.R. Hashim is Director of Institute for Studies in Industrial Development, New Delhi. His original work on method of measuring capital stock, published in the book Capital-Output Relations in Indian Industries (in co-authorship with Dr. M.M. Dadi) is well regarded in literature as a seminal contribution. He has since extensively worked and written on issues relating to poverty and inequality, water and agriculture and small scale industries.
K.S. Chalapati Rao is Professor at Institute for Studies in Industrial Development, New Delhi. He is a researcher having three decades of experience in studying various aspects of India’s industrial policy and corporate sector.
K.V.K. Ranganathan is Professor at Institute for Studies in Industrial Development, New Delhi. His major areas of research interest are on inward and outward foreign investment and corporate sector.
M.R. Murthy is Professor at Institute for Studies in Industrial Development, New Delhi. His research areas of interest are on corporate sector, capital markets, development financial institutions and foreign investments.


Table of Contents

Editors/Contributors
Preface
Professor S.K. Goyal: A Tribute
Industrial Development and Economic Policy Issues: Introduction

Part I: Industrial Development Issues
1. Evolution of Indian Organised Manufacturing Industrial Structure: A Comparison between Liberalised and Pre-liberalised Regimes     — Atulan Guha
2. Is Growth Sans Industrialisation Sustainable?     — G.S. Bhalla
3. Industry and Employment: Dissecting Recent Indian Experience     — T.S. Papola
4. Industrial Clusters: A Dynamic Perspective     — Satyaki Roy
5. Impact of Promotional Policies on Small Scale Enterprises: A Study in Uttar Pradesh    — Ajit Kumar Singh
6. Simple Despatch Model for the Power Sector India     — Mohammed Zakaria Siddiqui

Part II: Corporate Sector Development
7. The Corporate Sector and Indian Industrialisation: A Historical Perspective     — Surajit Mazumdar
8. Of Traders, Usurers and British Capital: Managing Agencies and the Dalmia Jain Case    — Nasir Tyabji
9. Some Aspects of Corporate Ownership in India: Promoters versus Public     — K.S. Chalapati Rao
10. Public Enterprises in India: Past, Present and Future       — R.K. Mishra
11. The Nationalisation of Commercial Banks       — CH. Hanumantha Rao
12. Public Sector Banks in India       — Y.V. Reddy

Part III: Foreign Investment, Technology and Trade
13. Determinants of R&D: Lessons from Literature       — N.S. Siddharthan
14. FDI and Economic Development: Indian Experience      in Global Comparative Perspective      — Nagesh Kumar
15. Some Aspects of FDI in the Indian Corporate Sector       — K.V.K. Ranganathan and M.R. Murthy
16. Export Intensity of Indian Industrial Firms in the      Post-Reform Period       — Bishwanath Goldar and Atsushi Kato
17. India-China Free Trade Area: Is it Feasible?       — T.P. Bhat

Part IV: Globalisation: Challenges and Opportunities
18. State, Society and the Market: Indian Economy under Economic Reforms       — Sunanda Sen
19. Importance of Multilateral Trading System in Globalising System       — Harsha V. Singh
20. Globalisation and its Impact: Potential and Concerns       — Vinish Kathuria
21. Challenges to World Agriculture: North-South Asymmetry in Technology and Production Gains      — G.K. Chadha
22. Globalisation and Social Aspects of Development       — V.R. Panchamukhi
23. Empirical Evidence of Financial Integration of Emerging Markets against US       — Mahua Paul

Part V: Distributional Dimensions
24. Economic Reforms, Growth and Well-being in India’s Economic Development: An Exploratory Exercise      — J.C. Sandesara
25. An Update on Measurement and Determinants of Rural and Urban Poverty in India      — S.P. Kashyap and Niti Mehta
26. Special Economic Zones, Growth and Equity      — D.D. Narula
27. Towards Achieving Inclusive Growth: A Practitioner’s Perspective       — M. Krishna Prasad

Part VI: Political and Cultural Dimensions
28. Union Budget and Economic Administration: Convening Economic Sessions of Parliament      — Ashwani Kr. Bansal
29. Towards a Theory of Expectations in Politics       — C. Narendra Reddy
30. Market Power and Globalisation: Citizenship and  Dissent in the Global Cultural Economy      — Daniel Drache and Marc D. Froese
31. Media the Key Driver of Consumerism: Macro-Micro Linkage and Policy Dimension—A Case Study of FM Radio       — Abhilasha Kumari