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Intensive study of small firms in industrial clusters and locations on how to create jobs and achieve Make in India goals.
1. Introduction 2. Growth Rate of Employment in Indian Industrial Sectors 3. Evolution of Extended Industrial Process in the Country 4. Objective of the Study 5. Witnessing of Industrial Sickness Creating Unemployment Condition 6. Restructuring and Characterising the Structural Changes Accompanied With Industrialisation 7. Conclusion and Suggestion Bibliography Index
This book offers a collection of distinguished contributions that identify current growth accelerators in India, and suggest policies and strategies to make India’s growth more sustainable and inclusive. The papers are divided into three sections, the first of which focuses on issues related to industrial growth in India. The discussions include India’s industrial development (manufacturing, construction and mining); role of manufacturing; global value chains; and of environment in industrial development. In turn, section II deals with issues related to trade and FDI as accelerators of India’s growth. The respective chapters explore the changing patterns of trade, impacts of technology, and spill-over effects of FDI, to name but a few. Lastly, the third section discusses employment-related issues like measurement of labour input, the dichotomy of the Indian labour market, the nature of firms and employment generation, and impacts of technology on employment. Given its scope and focus, the book offers an invaluable resource for researchers and policymakers alike.
Over the last two decades, a fascinating growth story has unfolded in India. Yet, the improvement in material conditions for the country’s vast majority has not kept pace with that growth. This is mainly because India is still grappling with poor employment conditions and widespread unemployment. However, there is not much clarity on the exact nature of this problem and the steps required to tackle it. This short introduction addresses this lack of information. Reviewing the evolution of employment conditions in India since Independence, this volume underscores the linkages between it and economic growth and development. It not only clearly outlines the contours of the employment challenge that India is now confronted with but also discusses viable ways of overcoming this hurdle.
As author of the hugely influential The Economic History of India 1857-1947, Tirthankar Roy has established himself as the leading contemporary economic historian of India. Here, Roy turns his attention to labour and livelihood and the nature of economic change in the Subcontinent. This book covers: economic history of modern India rural labour labour-intensive industrialization women and industrialization. Challenging the prevailing wisdom on Indian economic growth - that it is bound up with Marxian, postcolonial class analysis - Roy formulates a new view. Commercialization, surplus labour and uncertainty are seen as equally important and the end result reconciles the increasingly opposed view of economists and historians.
"Discusses some key aspects in the interrelated areas of economic development, employment and structural change"--
The book explores, for India and other developing countries, the potential role the organized manufacturing sector could play as an engine of growth. Alongside growth, can this sector generate adequate employment opportunities to facilitate the transfer of labour from the agriculture sector? The book identifies the major constraints that result in limited demand for labour in the organised manufacturing sector. Beyond technological aspects, skill shortage is an important factor, resulting in sluggish labour absorption. Further, the labour market laws are not necessarily the root cause of sluggish employment growth in the organised manufacturing sector. The development of technologies that are appropriate for labour surplus countries like India is instrumental to employment creation. Though innovation is generally assumed to be capital-intensive in nature, the book argues that innovation nevertheless has a positive effect on employment in absolute terms. Lastly, the main policy issues are highlighted in terms of the priority that should be assigned to industries which can contribute to employment growth and skill formation for improving the employability of the available labour force, and to which innovations should be pursued, with a specific focus on pro-poor growth objectives.
The alternative hypotheses about the macroeconomic determinants of, and constraints on, industrial growth in India focus on the performance of the agricultural sector, intersectoral terms of trade between agriculture and industry, disproportionalities within and between sectors, the level of investment in the economy, the nexus between public and private investment and the relative significance of supply and demand constraints. While the issues raised in the debate continue to be important in India, they are of relevance also for studies of other late-industrialisers, particularly the larger countries of Asia and Latin America.