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On-Going Research

Spatial Dynamics of Manufacturing Landscape in India–A District Level Comparative Analysis of Pre and Post Reform Contexts

The study focuses on changing manufacturing landscape of India between pre and post economic reform periods. As pre-economic reform period was characterised by emphasis on balanced regional development, the development of manufacturing industries took place in some of the so-called industrially backward regions of the country. However, with economic reforms, in order to take advantage of global capital, the focus has shifted to competitive edge. This has repercussions on both, the spatial reorganisation, reconstruction and expansion of manufacturing industries as well as on associated factors of production, such as labour. The study would try to elucidate whether Indian manufacturing has experienced any significant spatial change, in a temporal framework.

The analysis would be carried out using Economic Census (EC) of two time periods viz. 1990 (3rd EC) and 2013–14 (6th EC). The changing pattern would be gauged at 2-digit classification (3-digit wherever necessary) of manufacturing industries using National Industrial Classification. A mapping of manufacturing landscape, both in terms of number of enterprises and persons engaged would be attempted on a GIS platform to enable overlays and bring spatial correlation. Statistical techniques like location quotient, spatial Gini coefficient, etc., would be used to understand concentration and dispersal of manufacturing spaces.

The research project was sponsored by the ICSSR under the IMPRESS Scheme in January 24, 2020 for a duration of 24 months. Dr Surya Tewari is the Project Director.

Performance of India’s Banking Sector: A Critical Focus on Non-Performing Advances (NPAs)

The study aims to analyse the performance of Indian banking sector with focus on Non-Performing Advances (NPAs). The study will attempt to provide critical insights into the NPA problem by exploring the nature and contributing factors of the current banking crisis in India. It will provide a comparative analysis of the two phases of the NPA crisis in Indian banks and examine the possible impact of NPAs on Indian banks. The role of operational and governance aspects of banks in the current NPA problem will be explored. The issues of corporate performance, wilful default, aspects of regulatory failure, macro-economic environment and the role of economic policies in the current NPA crisis will also be analysed. Besides critically analysing the current policy of NPA management framework, the study will suggest an appropriate policy framework for effective NPA management.

The research project was sponsored by the ICSSR under the IMPRESS Scheme in March 31, 2019 for a duration of 24 months. Dr Santosh K. Das is the Project Director.

Measuring the Changes in Factor Proportions vis-à-vis Factor Endowments of the Indian Economy – An Inter-temporal Study

The study assesses factor proportions for the Indian economy taking into account the interactions of linkages within the production process. The methodological approach expands the existing scope of measurement to include the indirect effects of factor use, which remain unaccounted otherwise. At the same time, evaluating factor usage in the structure of production under the assumption that all inputs are sourced from domestic supply can be misleading. It is also important to separately evaluate the factor usage in domestic production and contained in the imported inputs. Factor proportions for sectors of the economy are being computed in an economy-wide framework, while also permitting an inter-temporal comparison. The economy will be aggregated keeping in mind the data availability for factor proportions and endowments. It will be assessed whether the observed factor proportions are in sync with the factor endowments of the economy.

The research project was sponsored by the ICSSR under the IMPRESS Scheme which and conveyed its approval in March 31, 2019 for a duration of 24 months. Dr Anjali Tandon is the Project Director.

Industrial, Trade and Investment Policies: Pathways to India's Industrialisation

One of the major drawbacks of high growth trajectory that Indian economy experienced in the past decades is the pre-mature services take-off together with low and stagnant share of manufacturing in GDP. Nearly three decades of liberalised regime has unleashed market forces as the guiding principle of organising economy and society. The underlying assumption was that deregulating industry, decontrolling capital flows and de-reserving erstwhile protected segments and liberalising imports and exports would provide enough stimulation to both domestic and foreign capital. This by itself was expected to reverse the trend of dwindling manufacturing growth; however, the reality was not as expected.

In this backdrop, India’s strategies to achieve high growth in manufacturing should address the following questions: (a) how to increase India’s share in world manufacturing given the fact of slow global growth; (b) how to expand domestic demand; (c) how to mobilise internal and external sources of finance and investment to build capacities physical as well as human; and (d) what could be the role of various categories of firms – by ownership and scale of operation.

The proposed research programme has the objectives of: (i) identifying continuities and departures in production pattern, investment trends, degree of engagement through trade and technology assimilation, and status of infrastructure; (ii) comprehending an industrialisation strategy given the constraints and emerging opportunities. In this programme, it is proposed to undertake in-depth studies in five key areas of manufacturing:

  1. structure and growth performance,
  2. trade, technology and FDI,
  3. industrial investment and finance,
  4. regional dimension: agglomerations, SEZ and state level policies, and
  5. participation of India in global production network.

In the area of structure and growth performance, there will be a few studies analysing the structure and growth dynamics of Indian manufacturing sector; large Indian corporate sector and market competition; and the impact of new technologies (AI, robotics, big data, etc.) on Indian manufacturing sector. The trade, technology and FDI component of the programme will analyse the impact of trade liberalisation on manufacturing sector growth and productivity; and the nature and impact of liberalisation under Free Trade Agreements (FTAs). This component will also look into the issues of technology associated with FDI such as impact of technology collaborations on absorption of technology and impact of outward FDI on innovation capability. The section on industrial investment and finance will examine the impact of financial liberalisation on industrial development in India. It will also look into the relevance of Term Lending Institutions like the Development Finance Institutions (DFIs) for industrial development in the liberalised regime in India. In the area of regional dimension: agglomerations, SEZ and state level policies, a few studies will look into the relationship of survival of firms and employment to the characteristics of regions and pattern of distribution of SEZs across states. This component will also review the response of private sector players to SEZs. The section on India’s participation in global production networks will examine the nature and extent of participation of India in global production network; their share in the global value added; and the distribution of domestic and foreign components in value added share. It will also identify the industries in India, which are more globally integrated and examine how such integration affects the productivity and employment in these sectors. The following research papers have been planned under these sub-themes:

  • Economic Reforms and Market Competition in India: An Assessment
  • Approach to Prepare India for Industry 4.0
  • Liberalisation, Structural Change and Productivity Growth in Indian Organised Manufacturing Sector
  • Status of Indian Large Private Corporate Sector and the Challenge of meeting India’s Industrialisation Goals
  • Import Intensity of India’s Manufactured Exports: An Industry Level Analysis
  • The Changing Sophistication Level of India’s Exports
  • Sectoral Productivity and Trade Performance
  • Tariff Liberalisation under India’s Preferential Trade Agreements (PTAs): Nature and Impact on the Manufacturing Sector
  • Outward FDI by Indian Manufacturing Firms: Strategies, Motivations and Impacts
  • Technology Transfer through FDI in India: Mode, Extent and Prospects
  • Foreign Direct Investment and Innovation Activities in India’s High-Tech Manufacturing Industries
  • Entry and Expansion of Realistic FDI into India’s Manufacturing Sector during the Past Decade: Implications for India’s Future Industrialisation
  • Financial Liberalisation and Industrial Finance
  • Political Economy of Financialisation in India: Special Focus on Corporate Sector
  • Review of Industrial and Development Corridors in India
  • Special Economic Zones: Location and Utilization
  • Regional Dimensions of the Manufacturing Sector in India
  • Structural Asymmetry in Global Production Networks: An Empirical Exploration
  • Integration of Indian Handicrafts into Global Value Chain of Home Decor Industry: Prospects and Challenges

The two-year programme is sponsored by ICSSR and it is undertaken by a team of Institute’s faculty with Prof. M.R. Murthy as the Programme Director and Prof. T.P. Bhat as Co-Director.

Journey of Public Sector in India towards Socio-Economic Development of India
Public sector has played a leading role in the emergence of modern India. Despite the fact that in the post-reform period the discourse on public sector has been largely critical in nature, the fact remains that PSUs contribution to the Indian economy has been significant. According to National Accounts Statistics (NAS) public sector currently contributes about a quarter of the GDP of India. Out of the total value added contribution by the sector, administrative departments contribute 8 to 9 per cent of GDP, natural monopolies such as railways and postal systems add another 3 to 4 per cent and the non-departmental enterprises roughly contribute 12 to 13 per cent of GDP. The non-departmental enterprises comprise of public sector financial enterprises that includes banks, RBI and LIC and the non-financial enterprises includes other undertakings which mainly produce goods and services. Currently there are about central 290 public sector undertakings and more than 1000 PSUs under state and municipal governments. Government companies account for a third of the paid-up capital of the companies registered under the Companies Act. The central PSUs account for about 15 per cent stock market capitalisation through 50 listed firms. Based on eligibility criteria related to annual turnover, annual net worth and average annual profit after tax PSUs are categorized as Maharatna and Navaratna and Miniratna. There are at the moment 7 Maharatnas and 17 Navaratnas 56 companies in the Miniratna Category I and 17 in Miniratna Category II.

However, a question arises whether the existing relationship between the government and PSUs is conducive for the enterprises to play their assigned role. For instance, has listing really helped inculcate market discipline or the listed PSUs are hemmed between the market and the policymakers? What explains their lacklustre record at technology development? In this regard, while learning from the experiences of China and other emerging economies, India, given her own political system, would have to devise own ways. A project proposal was submitted to Standing Conference on Public Enterprises (SCOPE), New Delhi for financial support.

Changing Business Group Strategies in India: An Inquiry from the Lens of Mergers and Acquisitions in India
This study aims to unravel the likelihood of concentration of economic power in the hands of top business groups in India in the context of the new competition regime implemented in India (i.e. Competition Act, 2002), replacing the three-decade old Monopolies and Restrictive Trade Practices Act, 1969 (MRTP). One of the major objective of MRTP Act was to limit the ???concentration of economic power in the hands of a few???. This objective has been dispensed with in the Competition Act and there is a clear deviation from ???economic concentration??? or ???controlling monopolies??? to ???promoting competition???. The current regulation follows rule of reason approach, i.e., the pros and cons of each and every merger and acquisition (M&A) is assessed to find out the likely impact on competition in the ???relevant product market??? and ???relevant geographic market???. Assessment of the impact of M&As on ???relevant product market???, without considering the ???ownership??? of the firms involved, may lead to the concentration of economic assets in the hands of big business groups due to the diversified nature of groups and the large number of affiliated firms. This is likely to affect future competition too.??

In a developing country context, the multiple number of M&As undertaken by big business groups have both positive and negative implications. While ???bigness??? is considered to be crucial from the point of creating globally competitive firms and deriving economies of scale, major concerns arise due to the likelihood of creating monopolistic elements in the market along with the evils associated with the concentration of economic power in the economy. M&As is one of the relatively unregulated routes of business restructuring at the group level. More specifically, the study addresses the following: the significance of big business groups in the Indian corporate sector in terms of various indicators; extent, nature and structure of M&As undertaken by top business groups; product market competition through business group M&As; and concentration of economic power through business group consolidation. A case study of a consolidation intensive business group will enrich the macro-level findings. The study will attempt to evaluate and will help understand the contribution of new policy regime adopted in India. The study is sponsored by the ICSSR and Dr. Beena Saraswathy is the Project Director.

Global Value Chain Engagement and Industrial Restructuring: A Study of the Indian Electronics Industry
The electronics industry???the hardware core of the information and communication technology (ICT) sector???is strategic for any country because of its economy-wide productivity-enhancing impact. Expansion in the adoption of digital technologies across sectors increases the imperative for domestic hardware manufacturing capabilities. Several policy reforms are being carried out by the government to promote global value chain (GVC) engagement by Indian electronics firms and to increase their exports. While there have been earlier studies looking at the contribution of foreign-invested firms to exports, imports, productivity, foreign exchange earnings, etc. in particular industries, there has been no systematic attempt in the literature to examine the extent and nature of engagement of either foreign-invested or domestically-owned firms in industry value chains. Against this backdrop, the present study seeks to analyse the extent and nature of Indian electronics firms??? engagement in electronics industry value chains and their implications for the domestic industry???s development.

The differential involvement of foreign-affiliated firms and domestically-owned firms in value chains, their equity and non-equity forms of value chain engagement, their contributions to and impact on production restructuring, trade balances and technological capabilities, etc. need to be examined at the firm-level, through an analysis of related party transactions and inter-firm transactions of both foreign-invested and domestically-owned enterprises. Thus the objective of the study is to examine and assess value chain participation of domestically-owned and foreign-owned firms using firm-level sources of primary and secondary data. In contrast to existing approaches based on analysis of trade in value added (TiVA) or intra-industry trade (IIT) with their weaknesses, this study proposes a new framework that combines macro policy aspects of trade and investment liberalisation with firm-level business strategies for achieving competitiveness, to unravel the dynamics of GVC engagement by domestic firms. The research project is sponsored by the ICSSR and is being carried by Dr. Smitha Francis, Consultant, ISID, jointly with Prof. Murali Kallummal, Centre for WTO Studies, New Delhi.

Understanding FDI-Linked Trade through Related Party Transactions: A Study of Manufacturing Foreign Subsidiaries in India

The preferred tendency towards intra-firm trade by MNC-associated firms has been typically linked to transfer pricing practices by a host of studies globally and many recent studies find evidence of profit shifting through the manipulation of transfer prices by these firms. The susceptibility of these transactions to mispricing practices is undoubtedly high, especially in the case of developing countries. Given the complexities involved in identification, analysis and comparisons of related party foreign transactions owing largely to the data shortcomings especially for the vast number of unlisted foreign affiliated firms, the issue remains largely unexplored in the Indian context. No direct estimates of degree or pattern of intra-firm trade in foreign exchange transactions (covering various transaction heads) of foreign affiliates operating in India are available for the post-reform period.

The study is seeking to address this data gap and aims to analyse the extent of intra-firm transactions in foreign exchange transactions of foreign affiliates operating in the manufacturing sector of India, as far as traceable. Apart from the trade-related transfers, a closer examination of financial, technology and service payments related transfers will be undertaken, given the high potential of mispricing in transactions involving absolute intangible asset transfers and the special challenges faced by revenue authorities in auditing them globally.

The study shall cover about 500 listed and unlisted foreign manufacturing affiliates and will focus on two recent years, namely 2014???15 and 2015???16. The information on intra-firm foreign transactions for firms shall be obtained from the related party transaction disclosures in their financial statements, which is mandatory for all material transactions under the Indian Accounting Standard 18 for accounting periods ending on or after 01.04.2004. The data on the annual financial statements of firms will be procured from the Ministry of Corporate Affairs (MCA) website and from the Prowess Database of CMIE. The related party ???foreign??? transactions of the foreign affiliated firms are being identified individually for different earnings and expenses heads. Also, a review of various tax disputes around transfer pricing of different foreign transactions of the selected firms will be done by inspecting the extracts of legal cases from a few legal websites to understand the issue from a contemporary legal perspective. The project is of 24 months duration commenced in May 2017 and will be completed by April, 2019. The study is sponsored by ICSSR and Dr. Swati Verma is the Project Co-ordinator.

Constructing an Urban India
It is argued in the ongoing work that whatever the nature of urbanization??????top heavy,??? tertiarised and sans industrialisation???India needs to promote urbanisation since we can demonstrate that poverty is better fought through urbanisation than by focussing on the population living in 6,00,000 small and scattered villages and hamlets which are unlikely to attract substantial investment in infrastructure. In addition, there is a need to shift the policy focus to promoting urban growth. For this we need to revisit the policy of land acquisition by government vis-a-vis land as a commodity traded in the market.

It is further argued that tertiary sector-led urban growth as experienced in India is not as unsustainable as a segment of research literature makes it out to be, despite increasing regional and interpersonal income disparities, since accelerated reduction of poverty is positively related to level of urbanisation and without much cost to the public exchequer. Recent decades have recorded increased absorption of labour force released from rural economy in the urban informal sector in the developing world including India where the informal sector accounts for over 90 per cent of employment. This has been viewed as a solution to the growing problem of unemployment.

Given the above argument, finding land for urban growth is important. At present, less than around 3 per cent of the country???s land is under urban use. It is possible to locate suitable land for urban-industrial development without hurting agriculture. The role of the government is to facilitate such land use change through land policies. The study is being undertaken by Prof. H. Ramachandran under the ICSSR National Fellowship Programme.

Understanding India's Industrial Development Puzzle through the Interactions between Industrial Policy and Trade Policy: A case study of the electronics industry

Against the backdrop of the discourse on the causes of India’s manufacturing sector growth decline and revival strategies, this study examines the interplay between trade and investment liberalisation and domestic manufacturing sector growth dynamics by focussing on the electronics industry, with a view to drawing implications for industrial policy. There are several parallel processes of trade and investment liberalisation that have had an impact on the Indian electronics industry. Apart from unilateral trade and investment liberalisation, a second channel of liberalisation was under the Information Technology Agreement (ITA-1) signed in 1996, which is a plurilateral agreement of the WTO designed to achieve lowering/elimination of all entry barriers on trade in information technology products. Thirdly, the WTO-plus trade and investment liberalisation carried out by India under its comprehensive Free Trade Agreements (FTAs) with East and Southeast economies such as Singapore, ASEAN, Japan, South Korea and Malaysia has also significantly changed the competitive scenario facing Indian producers in the electronics industry. Through an analysis of the pattern of trade and FDI flows in the electronics industry, the study seeks to unravel the implications of trade and investment liberalisation for the domestic electronics industry’s development trajectory and what this means for industrial policy formulation. The study is being undertaken by Dr Smitha Francis.

Foreign Acquisitions and FDI Inflows into India's Drugs and Pharmaceutical Sector

Pharmaceutical industry in India has been nurtured over a period and it has acquired global recognition as a significant producer of generic drugs. Over the years many Indian companies emerged to reach the top rung of the industry in India displacing some long established foreign manufacturers. Following the liberalisation of FDI policy and change in the Patent Act, however, the situation started changing gradually as major Indian manufacturers are getting acquired by foreign companies thus raising concerns regarding accessibility, availability and affordability of medicines, exports, R&D for diseases in the country’s profile, etc. Concomitantly, other aspects of healthcare like medical equipment, diagnostics, hospitals, etc. too, came under focus. From the point of FDI inflows into India, the pharmaceutical sector emerged as the topmost recipient of FDI among the manufacturing industries. Thus, the developments in sector turned out to be important both from FDI inflows and public health points of view. In this context, the study would focus on the quantum of FDI inflows, nature of foreign investors, the mode of entry and operational aspects of FDI companies in the sector.

An Analysis of India's Merchandise Export Performance during 1999-2013: Existing Competencies and Emerging Policy Challenges

The Department of Commerce, Ministry of Commerce and Industry, Government of India sanctioned a short term study of Macro Analysis for Working out Elasticity of Demand for Top 10 Commodities of India’s Exports. The objective of the study is to work out elasticity of demand for top ten commodities of exports using dataset for the years 1999-00 to 2008-09 and more recent years of 2009-10, 2010-11 and 2011-12 to identify factors typically relevant in the context of exports and build simulations and draw policy implications for export promotion. A draft report was submitted to the Department in October 2013. The Ministry requested to take the Institute to do a sectoral level disaggregated analysis to enhance the relevance of the study and a new proposal was submitted to the Dept. The study examines India’s existing export competencies and weaknesses through an analysis of India’s export dynamics in its major export sectors in order to identify the emerging policy challenges. The study will analyse India’s merchandise export performance at the global level for the last 15 years covering 1999-2013 with a view to suggesting sector-specific export promotion policies. The study is undertaken by Dr Smitha Francis. It is expected to be completed by November-December 2014.

Participation of Indian Firms in Global Production Network: Nature and Implications
The current phase of globalisation is distinct from the earlier phases of internationalisation precisely because the latter being referred to as an expansion of capabilities and dominance of a nation or region beyond its boundaries but the former indicates a far more complex network of interdependence between nations. The nature of interdependence although asymmetric entails a new international division of labour which offers greater scope of participation for developing countries in the production process. This is primarily driven by a change in the production structure of global manufacturing that involves a network like structure with large amount of intermediate goods and services sourced from across the world. Regional specialisation of final products is being gradually replaced by specialisation on the basis of tasks. In this milieu it is assumed that such integration not only increases capabilities of participating firms but also has positive spillover effects on other producers in the backward linkage those may not be directly linked to foreign producers. Firstly the study aims to assess the nature and extent of interdependence between domestic and foreign firms. Secondly, participation in the global production network does not automatically give rise to attaining technological capabilities and moving up the value chain ladder. The question therefore is how far the framework of global production network helps us analysing the asymmetry in the distribution of value added and explain the boundaries of value chain while involving domestic producers in the backward linkage. The study is being undertaken by Dr Satyaki Roy.
Linkage between Growth and Manufacturing Sector as Reflected by ASI and Growth in Exports
The objective of the study is to identify the linkage between growth of manufacturing sector as reflected in Annual Survey of Industries (ASI) and growth of exports in ITC HS classification, and prepare concordance tables between ASI and ITC classification of commodities of exports at two-digit level. The study was commissioned by the Department of Commerce, Ministry of Commerce and Industry, Government of India. A draft report was submitted to the Department of Commerce in October 2013 and the final report with enhanced scope of study will be completed by February 2015.
India: Trade in Health Services
The objective of the study is to assess the advantages of healthcare trade to India in the expanding global trade and to find out ways and means how best it can benefit from health trade. The paper deals with various facets of healthcare services in cross-border trade under the General Agreement on Trade in Services. There are 120 countries participating in the agreement to liberalize trade in healthcare services in which India is a participant. The commitments to the agreement made by the countries are partial and limited to certain segments of healthcare services. However, for India, there is still scope for enhancing trade in this sector.

The paper brings out the various dimensions of India???s trade in the healthcare sector with specific reference to its growth, advantages and disadvantages. The findings indicate that India has a distinct advantage in health tourism (mode 2) and movements of health personnel (mode 4) including physicians, nurses, paramedics, midwives, technicians, and health management personnel. In cross-border delivery (mode 1) which includes shipment of laboratory samples, diagnosis and clinical consultations via e-health services, India has made some progress but is yet to establish its supremacy. In mode 3 the commercial presence of foreign establishments in India is in the initial stages. The flow of foreign investment is slow and halting in spite of high degree of healthcare trade liberalization.

The growing trade in health sector could generate large number of jobs for the skilled and semi-skilled health personnel, besides foreign exchange earnings for the country. There are barriers to healthcare trade, particularly in health tourism and migration of physicians and nurses in many trading partner countries. India is able to cope-up with these obstacles to a considerable extent. The need of the hour is for the government to support the programme. Better institutional support is also required. The government has taken some measures, but they are inadequate. The healthcare trade could also be promoted through regional and sub-regional agreements. Currently, speciality health services are attracting large number of foreign patients to India for treatment. The study is being undertaken by Dr T.P. Bhat.

Pharmaceutical Sector: Investment and Innovation
The project addresses how India???s pharmaceutical industry could successfully build its own capacity for innovation during the pre-reform period and why the industry needs to now upgrade its capacity for innovation in pharmaceuticals. Investigations have been undertaken to find out how the drivers or motives, gatekeepers and financial support for innovation have changed in the case of domestic pharmaceutical firms over the years. Considerable progress was made during the year 2013???14.

The study describes the patterns of changes observed in the form of four distinct innovation regimes in order to bring out how the consequences of these regimes have been very different for the development of capabilities for making innovation happen. A detailed assessment of the current innovation regime (2002???2013) is available. The aim was to highlight the achievements and limitations of the current innovation regime with a view to pinpoint the main challenges facing the country in the sphere of industrial policy in respect of fulfilling the goals of industrial upgrading and public health. Also, a preliminary assessment of the emerging barriers to responsible innovation was completed.
During the year 2013???14, some preliminary assessments have been made on: the kind of strategies to be devised for meeting the challenges of access to quality drugs relevant to the burden of diseases and of building a responsive ecosystem, given the dynamic situation in global and national markets both with respect to supply and demand; tracking the emerging impact of acquisitions, takeovers, divestitures and mergers on the industrial performance; impact of strategic alliances, collaborations and PPPs and harmonization of regulation and procurement and other related changes on the upgrading of capabilities for innovation in the pharmaceutical industry; and, the changes in FDI policy to find out what has been the impact on the progress in respect of learning and innovation making in pharmaceuticals for the foreign and domestic firms operating from India to cater to both domestic as well as foreign markets.

Further work is in progress on the tracking of the evolving impacts of the changes in policies and programmes on: i) Pharmaceutical production and market structure, (ii) Private and Public investment in Pharmaceutical Sector, (iii) Medicine Pricing; iv) Compulsory Licensing; v) Bulk drug R&D in public and private sectors, (vi) Status of R&D and Innovation making in TB, Diabetes and Cancer, (vii) Status of patenting on processes, products, formulation and drug delivery systems, (viii) Collaborations, linkages and institution building for innovation making???Response of Indian industry and Research Institutions, ix) Evaluation of impact of India???s WHO Collaborative R&D Centres Programme, and, (x) WHO Global Strategy and Plan of Action for Public Health, Intellectual Property and Innovation. The study is jointly undertaken by Prof. Dinesh Abrol, Ms Nidhi Singh and Ms Bilqeesa Bhat.

Growth and Structure of Clinical Trial Industry in India
A study on why India has emerged as the most popular destination of global clinical trials (CTs) is currently underway. The processes of implementation of CTs by the drug companies have raised some critical issues with regard to the prospect of clinical research involving human subjects in a productive and ethical manner. This project aims to examine the prospects and processes of clinical research. Work on the assessment of such aspects of CTs was started by reviewing existing literature as well as various sources of data. Preliminary findings are that while India is the most potential destination for CTs, but recently the industry has faced a serious challenge due to massive government intervention to control the operation. There was a major collapse in the investment in CTs in 2013. Due to uncertainties in regulation, many companies have postponed trials, while many stopped operations permanently and moved to other destinations. In the case of CTs, the main challenge is over the nature of regulation to be undertaken by the government. It is clear that the government needs to create an appropriate regulatory environment without violation of humanitarian ethics and other social norms. The study is jointly undertaken by Dr Swadhin Mondal and Prof. Dinesh Abrol.
A Multi-dimensional Study of Imperial Order and its Journey towards Neo-liberal Imperialism under Globalisation

A project sponsored by ICSSR. Dr. Satyaki Roy of ISID is part of this project.