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Ever since the dramatic airlifting of all 67 tonnes of India's gold from the Reserve Bank of India to the vaults of British and Swiss banks in May 1991 as collateral for a $2.2 billion emergency loan, India has never been the same. The New Economic Policy (NEP), which followed two months later and has been pursued with varying degrees of commitment by later governments, heralded a new chapter in India's history. In Indians in a Globalizing World, acclaimed journalist and historian Dilip Hiro shows that the redistribution of the extra wealth created by the spurt in growth caused by economic liberalization has been skewed, grossly favouring those who are already well off. The author of Inside India Today - a modern classic described as 'the best book on India' by the Guardian - Hiro seamlessly combines research with grassroots reporting. In his riveting narrative, he moves from glitzy office tower blocks and prohibitively expensive apartments in the gated enclaves of Gurgaon - the Poster City of New India - to the embattled Maoist stronghold of Dantewada in Chhattisgarh. He is as much at ease narrating the tales of the great and good in California's Silicon Valley as he is in outlining the lifestyle of the residents of Delhi's New Seelampur or Dehradun's Bindal River slum. Above all, he shows how life in rural India, home to seven out of ten Indians, has been affected by globalization. Only a tiny minority of villages near urban centres have prospered because of rapid urbanization while the vast majority have stagnated or fallen behind. Finally, Indians in a Globalizing World explains how accelerated urbanization and financial globalization have led to an explosive growth in corruption which emerged as the primary concern of voters in the 2014 general election.
This book explores India’s rich popular culture and provides illuminating insights into various aspects of the social, cultural, economic and political realities of contemporary globalised India. It is essential reading for courses on Indian popular culture and a useful resource for more general courses in the field of cultural studies, media studies, history, literary studies and communication studies.
This book explores how the interplay of socio-historical, political, and economic forces has transformed China and India into economic powerhouses.
This book presents the changing contours of India s position in the global economy. The first section deals with India s defensive posture in the nineties vis-à-vis the Multinational Companies. The resistance to speedy opening up of the economy has enabled Indian businesses to become globally competitive. The second section deals with the challenges before Indian in the begging of the 21st millennium as she is increasingly recognized as a world power. The earlier defensive posture has to be change into an offensive posture now with India aiming to break the economies of the rich countries. This can be done, for example, withdrawing forex reserves from US T-Bills. The third section deals with the challenges before India in establishing a just world order. The question in how to break the inherent injustice in the world economy where 20 percent of the people of rich countries are consuming 80 percent of the resources. India should not tie its wagon to the engine of rich countries and try to gain form injustice of the present world order. Instead, India must take the lead in confronting the injustice perpetrated by the rich countries, organize the developing countries and establish a world economy based on justice.
The Politics And Culture Of Globalisation: India And Australia Brings Together Indian And Australian Experts In The Fields Of Political Science, International Relations, Philosophy, Cultural Theory And Political Economy. Its Timeliness And Unifying Theme Derive From Comparisons Between Indian And Australian Perspectives, And Analyses By Australian Writers On Developments In India. Indian-Australian Relations Are Explored In Several Chapters.
Chennamaneni H. Hanumantha Rao, b. 1929, Indian economist; revised version of papers presented at a seminar held at Hyderabad, during 16-17 November 2004.
This book explores India's rise on the global economic stage from the perspective of both international and domestic interests and activities. Sinha argues that the impact of globalization on India since 1990 needs to be understood not just in terms of national policy, but also in terms of changing trade capacities and private sector reform.
This book explores the transformation of Indian media in the context of two major developments: globalization, which has introduced what are termed as 'foreign' elements to Indian culture, and the opening of the floodgates for foreign media to enter the country. It discusses both theoretical considerations and empirical studies related to the role of Indian media. Indian Media in a Globalised World adopts a multi-disciplinary approach and looks at the role of media in purveying political, economic, and cultural identities. The discussions cover all forms of media, that is, newspaper, films, radio, television and online media, along with media policy and the challenges facing the media.
The world stands so dazzled by India’s meteoric economic rise that we hesitate to acknowledge its consequences to the people and the environment. In Churning the Earth, Aseem Shrivastava and Ashish Kothari engage in a timely enquiry of this impressive growth story. They present incontrovertible evidence on how the nature of this recent growth has been predatory and question its sustainability. Unfettered development has damaged the ecological basis that makes life possible for hundreds of millions resulting in conflicts over water, land and natural resources, and increasing the chasm between the rich and the poor, threatening the future of India as a civilization. Rich with data and stories, this eye-opening critique of India’s development strategy argues for a radical ecological democracy based on the principles of environmental sustainability, social equity and livelihood security. Shrivastava and Kothari urge a fundamental shift towards such alternatives—already emerging from a range of grassroots movements—if we are to forestall the descent into socio-ecological chaos. Churning the Earth is unique in presenting not only what is going wrong in India, but also the ways out of the crises that globalised growth has precipitated.