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India is an emerging economy that intersects the supply chain of many companies and industries. This is the first book that allows you to learn about the state of the art of supply chain practices, innovative approaches, and the future outlook for India and its neighbors. The content is exceedingly rich and interesting, and will be highly valuable to academics and practitioners.
The Indian economy continues to grow rapidly, taking in its stride poor harvests and rising oil prices. Industrial output has increased to double-digit levels, accompanied by rising levels of savings and investment. an important factor in this process has been India's relative political stability. What are the constraints to maintaining a high rate of growth over the next decade or two? These questions acquire special significance as we try to understand long-term growth in the current context of global economic slowdown. The papers in this volume seek to answer these questions.
In 1991, when India faced a major economic crisis, the government asked the International Monetary Fund for a bailout loan. To prevent a repeat, the government introduced reforms in the economy in accordance with the international trend of privatization and globalization. This was a milestone as it changed Indian markets and the financial sector in the country. Foreign direct investment was encouraged, public monopolies were restricted and service and tertiary sectors were developed. Since then, all sectors of the economy have changed their approach and strategies. The economic reforms have completed twenty-five years and this book debates on the achievements and failures of this policy. It draws upon the research insights and opinions of academicians, scholars and practising managers who, apart from the analysis, also offer their views on the corrective measures needed.
The subject of India's rapid growth in the past two decades has become a prominent focus in the public eye. A book that documents this unique and unprecedented surge, and addresses the issues raised by it, is sorely needed. Arvind Panagariya fills that gap with this sweeping, ambitious survey. India: The Emerging Giant comprehensively describes and analyzes India's economic development since its independence, as well as its prospects for the future. The author argues that India's growth experience since its independence is unique among developing countries and can be divided into four periods, each of which is marked by distinctive characteristics: the post-independence period, marked by liberal policies with regard to foreign trade and investment, the socialist period during which Indira Ghandi and her son blocked liberalization and industrial development, a period of stealthy liberalization, and the most recent, openly liberal period. Against this historical background, Panagariya addresses today's poverty and inequality, macroeconomic policies, microeconomic policies, and issues that bear upon India's previous growth experience and future growth prospects. These provide important insights and suggestions for reform that should change much of the current thinking on the current state of the Indian economy. India: The Emerging Giant will attract a wide variety of readers, including academic economists, policy makers, and research staff in national governments and international institutions. It should also serve as a core text in undergraduate and graduate courses that deal with Indias economic development and policies.
In this commemorative volume, India's top business leaders and economic luminaries come together to provide a balanced picture of the consequences of the country’s economic reforms, which were initiated in 1991. What were the reforms? What were they intended for? How have they affected the overall functioning of the economy? With contributions from Mukesh Ambani, Narayana Murthy, Sunil Mittal, Kiran Mazumdar-Shaw, Shivshankar Menon, Montek Singh Ahluwalia, T.N. Ninan, Sanjaya Baru, Naushad Forbes, Omkar Goswami and R. Gopalakrishnan, India Transformed delves deep into the life of an economically liberalized India through the eyes of the people who helped transform it.
India's remarkable economic growth in recent years has made it one of the fastest growing economies in the world. This Oxford Handbook reflects India's growing economic importance on the world stage, and features research on core topics by leading scholars to understand the Indian economic miracle and the obstacles India faces in transforming itself into a modern 21st-century economy.
As Recently As A Decade Ago, The Prospect Of India Becoming A Developed Country Any Time Soon Seemed A Distant Possibility. Since Then, However, There Has Been A Sea Change In Our Own And The World&Rsquo;S Perception About Our Future. What Explains This Rising Tide Of Optimism? And How Far Is It Justified? In The Future Of India, Bimal Jalan, Former Governor Of The Reserve Bank Of India, Takes Up The Formidable Challenge Of Examining The Nuts And Bolts Of This Proposition. In His Thought-Provoking, Clear-Sighted Analysis, He Argues That It Is The Interface Between Politics, Economics And Governance, And Their Combined Effect On The Functioning Of Our Democracy, Which Will Largely Determine India&Rsquo;S Future. An Understanding Of This Interface Will Help Explain The Swings In India&Rsquo;S Political And Economic Fortunes Over The Past Decades, And Why The Promise Has Been Belied. In The Light Of Experience, Argues Jalan, There Is No Certainty That The Present Euphoria Will Last Unless There Is The Political Will To Seize The New Opportunities That Are Available. He Proceeds To Suggest Steps That Can Be Taken To Smoothen Our Path To Progress: Ways To Strengthen Parliament And The Judiciary; A Series Of Political Reforms That Would, Among Other Things, See Greater Accountability Among Ministers; And Effective Ways To Curb Corruption And Enhance Fiscal Viability. In All These There Is An Emphasis On The Pragmatic, Born Of Jalan&Rsquo;S Experience As An Administrator, Economist And Member Of Parliament. Contemporary And Topical, The Future Of India: Politics, Economics And Governance, Perhaps More Than Any Other Book On The Subject, Shows Just How A Future Close Enough To Be Seen Need Not Forever Remain Elusive To The Grasp. &Nbsp;
Long plagued by poverty, India's recent economic growth has vaulted it into the ranks of the world's emerging powers, but what kind of power it wants to be remains a mystery. Our Time Has Come explains why India behaves the way it does, and the role it is likely to play globally as its prominence grows.