Development Challenges of India After Twenty Five Years of Economic Reforms

Development Challenges of India After Twenty Five Years of Economic Reforms
Author: Nripendra Kishore Mishra
Publisher: Springer Nature
Total Pages: 469
Release: 2020-10-14
Genre: Business & Economics
ISBN: 9811582653

This book revisits some of the persisting challenges of development of India, which remain unresolved even after twenty-five years of economic reforms and almost fifteen years of high growth rate. These include defining purpose of development, inequality, labour, work, unemployment, agrarian distress and migration. The book questions the overemphasis on growth to the extent of neglecting basic issues of development. With a number of contributions re-imagining development and its political economy, the book discusses above mentioned issues in light of new data and more recent conceptions of the issues. The contributors of this volume are eminent researchers in their respective field. Presenting primary as well as secondary data, the book considers the latest advances and research and also addresses new challenges like the global reorganization of production and the consequences for labour and the world of work, along with skills question. World of work has received detailed investigation in this book. This is a timely addition in existing literature especially in context of pandemic and lockdown. Informality and un/employment question is addressed in this context. Relationship among poverty, inequality and growth is examined in light of newer understanding. Agrarian distress is looked in a broader context. A number of papers are examining migration question by expanding coverage of migration and including labour mobility as apart of migration debate. The present crisis of migrant labour and absence of social security for these workers is also discussed. This book is primarily intended for those interested in recent advances on some of the basic aspects of development, like poverty, inequality, informality, word of work, migration and labour mobility. It is also useful for researchers, policy makers, journalists and civil society organizations working on these issues.

Labour Law Reforms in India

Labour Law Reforms in India
Author: Anamitra Roychowdhury
Publisher: Taylor & Francis
Total Pages: 314
Release: 2018-03-28
Genre: Social Science
ISBN: 135105886X

Labour market flexibility is one of the most closely debated public policy issues in India. This book provides a theoretical framework to understand the subject, and empirically examines to what extent India’s ‘jobless growth’ may be attributed to labour laws. There is a pervasive view that the country’s low manufacturing base and inability to generate jobs is primarily due to rigid labour laws. Therefore, job creation is sought to be boosted by reforming labour laws. However, the book argues that if labour laws are made flexible, then there are adverse consequences for workers: dismantled job security weakens workers’ bargaining power, incapacitates trade union movement, skews class distribution of output, dilutes workers’ rights, and renders them vulnerable. The book: identifies and critically examines the theory underlying the labour market flexibility (LMF) argument employs innovative empirical methods to test the LMF argument offers an overview of the organised labour market in India comprehensively discusses the proposed/instituted labour law reforms in the country contextualises the LMF argument in a macroeconomic setting discusses the political economy of labour law reforms in India. This book will interest scholars and researchers in economics, development studies, and public policy as well as economists, policymakers, and teachers of human resource management.

Labor Markets in Asia

Labor Markets in Asia
Author: Jesus Felipe
Publisher: Springer
Total Pages: 725
Release: 2006-07-03
Genre: Business & Economics
ISBN: 0230627382

This volume argues that while labour market reforms may be necessary in some specific cases, by no means are labour market policies the main explanation for the widespread increase in unemployment and underemployment across Asia and country specific studies undermine the case for across-the-board labour market reforms.

Indian Labour Market and Economic Reforms

Indian Labour Market and Economic Reforms
Author: Dr. Jagdish Chauhan
Publisher: Ashok Yakkaldevi
Total Pages: 227
Release: 2022-08-25
Genre: Art
ISBN: 1387743007

The global capitalism has entered into a new and distinct phase, wherein liberalisation, privatisation and globalisation (commonly called LPG) is a central theme. Almost every country, particularly the developing countries, are on the agenda of international monopolies and international financial capital which are controlled and regulated by the industrially developed nations. The vulnerable economies all over the world are being forced to liberalise their economies resulting in unfavourable balance of competitive forces on their side. Free trade rules are dismantling the ‘License Raj’ meant for business and industry under the dictate of global corporations. Market forces have been given once again a primacy to make the major economic decisions. “The free trade systems of small producers and poor consumers are being dismantled and being made illegal in order to create free trade systems for big business and global corporations.”1 All these have been the outcome of certain policy initiatives and developments that have taken place at the national and international level especially since the 1980s.

Labour, Employment and Economic Growth in India

Labour, Employment and Economic Growth in India
Author: K. V. Ramaswamy
Publisher:
Total Pages: 343
Release: 2015
Genre: Economic development
ISBN: 9781316392003

This volume examines India's development experience in the sphere of labour, employment, structural change and institutional challenges.

Employment in India

Employment in India
Author: Ajit Kumar Ghose
Publisher: Oxford University Press
Total Pages: 147
Release: 2019-09-20
Genre: Business & Economics
ISBN: 0190990066

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.

Resource Misallocation in India: The Role of Cross-State Labor Market Reform

Resource Misallocation in India: The Role of Cross-State Labor Market Reform
Author: Mr.Adil Mohommad
Publisher: International Monetary Fund
Total Pages: 34
Release: 2021-02-26
Genre: Business & Economics
ISBN: 1513570676

At the macro level, productivity is driven by technology and the efficiency of resource allocation, as outcomes of firms’ decision making. The relatively high level of resource misallocation in India’s formal manufacturing sector is well documented. We build on this research to further investigate the drivers of misallocation, exploiting micro-level variation across Indian states. We find that states with less rigid labor markets have lesser misallocation. We also examine the interaction of labor market rigidities with informality which is a key feature of India’s labor markets. Our results suggest that reducing labor market rigidities in states with high informality has a net positive effect on aggregate productivity.

Business, Politics and Public Policy

Business, Politics and Public Policy
Author: J. Marques
Publisher: Springer
Total Pages: 346
Release: 2010-05-13
Genre: Political Science
ISBN: 0230277241

This is the second volume on the changing nature of state-business relations. This book examines how the dynamics of business have influenced public policy in the context of economic liberalization and democratization. It identifies the circumstances under which business might support progressive policies in developing countries.