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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.
India initiated liberal economic reforms in 1991 to transform a slow-growing, state-led economy into an open, export-oriented industrialising economy. Though economic growth has accelerated, industrialisation has suffered from the manufacturing sector's share and labour intensive sectors failing to improve in India's exports. The government launched the Make in India initiative in 2015 aimed at raising the manufacturing sector's share in GDP to 25 percent, and to create an additional 100 million jobs by 2022. Though official estimates show an optimistic image of small scale industries, they do not explain why India failed to boost industrial production as expected of the reforms. Why did they fail to keep the domestic market, let alone expand exports? What would it take to meet the ambitious policy goals of the initiative? This book attempts to address these questions. It looks at a series of case studies of the small industry to obtain an in-depth understanding of specific industries and locations to draw meaningful conclusions.
Kosaraju Leela Krishna, b. 1935, Indian economist; contributed articles.
Contributed papers.
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.
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
Rapid industrialisation is promoted by many as the most feasible way of rejuvenating the Indian economy, and as a way of generating employment on a large scale. At the same time, the transfer of land from rural communities and indigenous groups for industrial parks, mining, or Special Economic Zones has emerged as perhaps the most explosive issue in India over the past decade. Industrialising Rural India sheds light on crucial political and social dynamics that unfold today as India seeks to accelerate industrial growth. The volume examines key aspects that are implicated in current processes of industrialisation in rural India, including the evolution of industrial and related policies; the contested role of land transfers, dispossession, and the destruction of the natural resource base more generally; and the popular resistance against industrial projects, extractive industries and Special Economic Zones. Combining the work of scholars long established in their respective fields with the refreshing approach of younger scholars, Industrialising Rural India seeks to chart new ways in the study of contemporary industrialisation and its associated challenges in India. This cutting-edge interdisciplinary work will be of interest to scholars working on industrial development and land questions in India and South Asia alongside those with an interest in sociology , political science and development research.
There is a paradox at the heart of the Indian economy. Indian businessmen and traders are highly industrious and ingenious people, yet for many years Indian industry was sluggish and slow to develop. One of the major factors in this sluggish development was the command and control regime known as the License Raj. This regime has gradually been removed and, after two decades of reform, India is now awakening from its slumber and is experiencing a late, late industrial revolution. This important new book catalogues and explains this revolution through a combination of rigorous analysis and entertaining anecdotes about India's entrepreneurs, Indian firms' strategies and the changing role of government in Indian industry. This analysis shows that there is a strong case for a manufacturing focus so that India can replicate the success stories of Asian countries such as Japan, South Korea and China.