Industrial Policy and Economic Development in India

Industrial Policy and Economic Development in India
Author: Anup Chatterjee
Publisher:
Total Pages: 630
Release: 2012
Genre: Business & Economics
ISBN: 9788177083101

India's development pattern during 1950-80 was characterised by strong centralised planning, Government ownership of basic and key industries, excessive regulation and control of private enterprise, trade protectionism -- through tariff and non-tariff barriers -- and a cautious and selective approach towards foreign capital. It was a quota, permit and license regime guided and controlled by a bureaucracy trained in colonial style. This so-called inward-looking, import substitution strategy of economic development began to be widely questioned with the beginning of 1980s. Policy makers started realising the drawbacks of this strategy which inhibited competitiveness and efficiency and produced a much lower rate of growth than expected. Tilt towards economic liberalisation started in 1985 when Government announced a series of measures aimed at deregulation and liberalisation of industry. These measures, described as New Economic Policy, were followed by drastic changes introduced by the 1991 Industrial Policy Statement of the Government. As a result of economic reforms of the last 20 years, India is presently one of worlds fastest growing economies. In the last few years, it has emerged as a global economic power, the leading outsourcing destination and a favourite of international investors. Indian industry has upgraded technology and product quality to a significant degree and met the challenge of openness after being protected for so long. The Approach Paper to the Twelfth Five Year Plan (2012-13 to 2016-17) released by the Planning Commission, Government of India in October 2011 expressed concern at the slow growth of the manufacturing sector and emphasised "the need to sharply change the growth trajectory of Indias manufacturing sector" by adopting a holistic appraisal of what needs to be done to improve its competitiveness. This book contains 15 chapters which trace developments in different aspects of industrialisation during the post-Independence period, explain the key reform measures undertaken for making Indian industry internationally competitive and examine current issues pertaining to this vital sector of the Indian economy. The book also contains the following 5 appendices: Appendix 1: Industrial Policy Resolution, 1956. Appendix 2: Statement on Industrial Policy, July 24, 1991. Appendix 3: Year-wise Review of Industrial Developments in India: 1947-48 to 2011-12. Appendix 4: Edited Extracts from Indias Five Year Plans on Industry (I to XII Plan). Appendix 5: Glossary of Industrial Terms.

Industrial Policy Challenges for India

Industrial Policy Challenges for India
Author: Smitha Francis
Publisher: Taylor & Francis
Total Pages: 201
Release: 2019-03-15
Genre: Business & Economics
ISBN: 0429534418

This book looks at the debates on global value chains (GVCs) and free trade agreements (FTAs) as springboards for industrial development in developing countries, especially India. It connects the outcomes in GVC-led industrial restructuring and upgrading to industrial policy choices in trade and FDI liberalisation, in particular those through FTAs. With the share of manufacturing in GDP stagnant at around 15–16% since the 1980s, India’s policymakers have pinned their hopes on greater integration into GVCs to revitalise the manufacturing sector. The multiple FTAs the country has signed over the last few years, specifically the ones with the Association of Southeast Asian Nations (ASEAN), South Korea, Malaysia and Japan have been sought to be rationalised using the same argument. The book argues that failing to factor in the industrial policy causalities involved in sustainable indigenous technology development, structural barriers to the entry into GVCs, the assessments of the available evidence on the adverse impact of trade and FDI liberalisation as well as existing FTAs on firm-level incentives for undertaking domestic production, and the industrial policy constraints imposed by FTAs can prove costly for the trajectories of developing country economies, including India. Rich in data, this book will be useful to scholars and researchers of development economics, economics in general, development studies and public policy as well as government bodies, industry experts and policymakers.

Industrial Development for the 21st Century

Industrial Development for the 21st Century
Author: David O'Connor
Publisher: Zed Books
Total Pages: 452
Release: 2008-06-01
Genre: Business & Economics
ISBN: 9781848130272

With very few exceptions, industrial development has been central to the process of structural transformation which characterises economic development. Industrial Development for the 21st century examines the new challenges and opportunities arising from globalization, technological change and new international trade rules. The first part focuses on key sectors with potential for developing countries, focussing on two key themes. First, traditional points of entry for late industrializers - like textiles and clothing - have become even more intensely competitive than ever before, requiring more innovative adaptive strategies for success. Second, countries now recognize that manufacturing does not exhaust the opportunities for producing high value-added goods and services for international markets. Knowledge intensity is increasing across all spheres of economic activity, including agriculture and services, which can offer promising development paths for some developing countries. The final section addresses social and environmental aspects of industrial development. Labour-intensive, but not necessarily other patterns of industrial development can be highly effective in poverty reduction though further industrial progress may be less labour-intensive. A range of policies can promote industrial energy and materials efficiency, often with positive impacts on firms' financial performance as well as the environment. Promoting materials recycling and reuse is an effective, if indirect means of conserving resources. Finally, the growth of multinational interest in corporate social responsibility is traced, with consideration given to both the barriers and opportunities this can pose for developing country enterprises linked to global supply chains.

Made in India

Made in India
Author: Ranjan Sarkar
Publisher: Notion Press
Total Pages: 167
Release: 2019-01-07
Genre: History
ISBN: 1684664349

The book is on the post independence Economic and Industrial development. It describes various constraints, compulsion faced by the industry during first four decades of post independence. Policies and plans for economic and industrial development in various phases. 5 five year plans and their rational. The book also discusses effects of Bank nationalisation in 1969, Green Revolution and Emergency in India during 1975 to 1977. The book also covers Coalition governments in different stages and its effect development. The book also covers gradual degradation in bureaucracy, particularly the moral and ethics of senior bureaucrats, Political influence in decision making. “License Raj”, import restrictions, hurdles for setting up a new industry. Effects of prolonged protectionist policy through the licensing and isolating India from rest of the world for long period of time. Rational and effects of economic reforms, globalisation and their effects on the economy. To gauge India’s economic development a comparison has been made with the Chinese economic and policies development which started more or less at same time as India.

Are SDGs a Myth?

Are SDGs a Myth?
Author: Neeru Bansal
Publisher: Taylor & Francis
Total Pages: 173
Release: 2020-12-28
Genre: Political Science
ISBN: 1000196399

This book discusses the continued emphasis on development gains in India’s national policies and its quest to meet sustainable development goals. It offers an analysis of the laws and infrastructure for environment protection in the country and their ineffectiveness in dealing with the water pollution which has had dire consequences on India’s ecological landscape. The book, while highlighting the need and importance of industrial development, argues for sustainable measures to moderate and monitor such developmental efforts in light of severe environmental degradations. Focusing on the state of Gujarat, it looks at published and un-published data on industrial development and water pollution levels and data obtained via applications filed under the Right to Information Act. It also offers a detailed account of the concentration of red industries which release the most hazardous pollutants and their effects on the environment. The authors look at the data from a theoretical and empirical perspective, offering insights into how the checks and balances levied by the state have been violated. They highlight the patterns and trends which emerge from the study of these developmental efforts and underline the need to improve the effectiveness of policy instruments, and the need to diversify the existing mechanisms. The book will be of great interest to students and researchers of environment and development studies, public policy, sociology, law and governance, human ecology and economics.

The Origins of Industrial Capitalism in India

The Origins of Industrial Capitalism in India
Author: Rajnarayan Chandavarkar
Publisher: Cambridge University Press
Total Pages: 496
Release: 1994
Genre: Business & Economics
ISBN: 9780521525954

The first major study of the relationship between labour and capital in India's economic development in the early twentieth-century. The author considers the spread of capitalism and the growth of the cotton textile industry.

Locked in Place

Locked in Place
Author: Vivek Chibber
Publisher: Princeton University Press
Total Pages: 355
Release: 2011-06-27
Genre: History
ISBN: 1400840775

Why were some countries able to build "developmental states" in the decades after World War II while others were not? Through a richly detailed examination of India's experience, Locked in Place argues that the critical factor was the reaction of domestic capitalists to the state-building project. During the 1950s and 1960s, India launched an extremely ambitious and highly regarded program of state-led development. But it soon became clear that the Indian state lacked the institutional capacity to carry out rapid industrialization. Drawing on newly available archival sources, Vivek Chibber mounts a forceful challenge to conventional arguments by showing that the insufficient state capacity stemmed mainly from Indian industrialists' massive campaign, in the years after Independence, against a strong developmental state. Chibber contrasts India's experience with the success of a similar program of state-building in South Korea, where political elites managed to harness domestic capitalists to their agenda. He then develops a theory of the structural conditions that can account for the different reactions of Indian and Korean capitalists as rational responses to the distinct development models adopted in each country. Provocative and marked by clarity of prose, this book is also the first historical study of India's post-colonial industrial strategy. Emphasizing the central role of capital in the state-building process, and restoring class analysis to the core of the political economy of development, Locked in Place is an innovative work of theoretical power that will interest development specialists, political scientists, and historians of the subcontinent.

Industrial Growth in India

Industrial Growth in India
Author: Isher Judge Ahluwalia
Publisher: Delhi ; New York : Oxford University Press
Total Pages: 270
Release: 1985
Genre: Business & Economics
ISBN:

The importance of industrialization as a means of achieving rapid growth and prosperity has long been recognized in the thinking on development strategy for India; but the country's industrial potential has been far from fully exploited.

Industrialisation for Employment and Growth in India

Industrialisation for Employment and Growth in India
Author: R. Nagaraj
Publisher: Cambridge University Press
Total Pages: 305
Release: 2021-10-07
Genre: Business & Economics
ISBN: 1108832334

Intensive study of small firms in industrial clusters and locations on how to create jobs and achieve Make in India goals.

Pathways to Industrialization in the Twenty-First Century

Pathways to Industrialization in the Twenty-First Century
Author: Adam Szirmai
Publisher: Wider Studies in Development E
Total Pages: 466
Release: 2013-02-28
Genre: Business & Economics
ISBN: 0199667853

This book deals with the importance of industrialization and the development of manufacturing in the economic development process. It focuses specifically on new challenges such as global value chains, the rise of China, climate change, and the role of state versus private sector entrepreneurs in forging appropriate industrial policies.