Trade, Investment and Economic Growth

Trade, Investment and Economic Growth
Author: Pooja Lakhanpal
Publisher: Springer Nature
Total Pages: 396
Release: 2021-05-10
Genre: Business & Economics
ISBN: 9813369736

The book contributes to the growing literature pertaining to empirical and policy issues in international trade, foreign capital flows and issues in finance, implications for India and emerging economies related to trade and development interface, and analysis of sector level growth and development in India. Further, the focus is on the policy aspects of these themes and their role in fostering economic development in the context of India and other emerging market economies. The discourse focuses mainly on empirical work and econometric details. The relevant issues are investigated using state of the art techniques such as gravity models, panel co-integration, generalized hyperbolic distributions, SEM, FMOLS and Probit models. In addition, detailed literature survey, discussions on data availability, issues related to statistical estimation techniques and a theoretical background, ensure that each chapter significantly contributes to the ever-growing literature on international trade and capital flows. The readers shall find an engaging dialogue on the crucial role played by policy and the trade-capital flows-growth experience of emerging economies. The book is relevant for those who are interested in contemporary issues in trade, growth and finance as well as for students of advanced econometrics who may benefit from the analytical and econometric exposition. The empirical evidences provided here could serve as ready reference for academicians, researchers and policy makers, particularly in emerging economies facing similar challenges.

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.

Make in India Or Trade in India

Make in India Or Trade in India
Author: Sachin Gupta
Publisher:
Total Pages: 241
Release: 2020-02-05
Genre:
ISBN:

Has the Make in India program been helpful to the manufacturing startup entrepreneurs in India? The book answers this question. This is a real book by a real manufacturing startup entrepreneur. The book is not the result of an intellectual brainstorming session among so-called experts who have no ground experience. Rather, this is a genuine human story comprising of the true events in the startup journey of a manufacturing entrepreneur in India. * Therefore, there are no views. There are only facts. * The challenges faced by a manufacturing startup entrepreneur in India are documented in this book. * The book looks at the 'Make in India' program from a startup entrepreneur's perspective. * The book highlights the reasons as to why Indian entrepreneurs are becoming traders and not manufacturers. * Despite the launch of the Make in India initiative in 2014, as per a study by Nomura (A Japanese Financial Group), between the period April 2018 to August 2019, a total of 56 global manufacturing companies shifted their production base from China. However, only 3 came to India. Whereas 26 of those companies relocated to Vietnam, 11 to Taiwan, and 8 to Thailand. Why? The book provides answers to these questions. * The book also covers as to why 'Make in India' policy shall also focus on encouraging startups in addition to attracting the global companies to India. * The book analyzes the reasons as to why entrepreneurs across India are buying goods from China and selling them in India. From simple common household items like 'Chappal' to 'Agarbatti' to 'Diwali Lights' to 'Holi Pichkaris' to 'Toys' to electrical items such as 'switches' to 'fans' to 'LED' to even our 'Gods' sculptures' are being sourced from China and sold in India. * The book analyzes the reasons for India's massive trade deficit with China (60 + Billion USD). * The book suggests solutions to reduce India's trade deficit with China that in turn can result in massive job creation in the manufacturing sector in India thereby giving a boost to India's GDP growth. * The book also suggests solutions to succeed in the Make in India project besides making Indian manufacturing globally competitive. * Rising wages in China since 2006 should have been an ideal opportunity for India to become a manufacturing superpower, however, as per the world bank data, as of 2018, India's manufacturing output was merely 403 billion US$ in comparison to China's manufacturing output of approximately 4.003 trillion US$. Why? * Recent events such as the Coronavirus global pandemic further presents an opportunity for India to succeed in the Make in India project, however, are our policymakers ready? Are our policymakers willing to listen to the entrepreneurs and make necessary changes in the policy framework?

Make in India and Foreign Direct Investment (FDI) - A Realism Towards India's Manufacturing Hub

Make in India and Foreign Direct Investment (FDI) - A Realism Towards India's Manufacturing Hub
Author: CMA Lakshmana Rao Udandrao
Publisher:
Total Pages: 13
Release: 2017
Genre:
ISBN:

Make in India is an Expansion and growth strategy, launched by Govt. of India, under the Leadership of Prime minister, Sri Narendra Modi on September 25, 2014, to foster Economic Development and strengthen India's manufacturing sector. The main Objective of make in India program is to promote Manufacturing sector and protect Intellectual property, by inviting the investors across the Globe in invest in India and use India most skilled manpower for Growth and development of the country. The campaign aimed at creating jobs to the millions of people in the country and it also attracts Foreign Direct Investment to the country (FDI).

Make in India

Make in India
Author: Rahul Anand
Publisher: International Monetary Fund
Total Pages: 65
Release: 2015-05-29
Genre: Business & Economics
ISBN: 1513542273

Structural transformation depends not only on how much countries export but also on what they export and with whom they trade. This paper breaks new ground in analyzing India’s exports by the technological content, quality, sophistication, and complexity of the export basket. We identify five priority areas for policies: (1) reduction of trade costs, at and behind the border; (2) further liberalization of FDI including through simplification of regulations and procedures; (3) improving infrastructure including in urban areas to enhance manufacturing and services in cities; (4) preparing labor resources (skills) and markets (flexibility) for the technological progress that will shape jobs in the years ahead; and (5) creating an enabling environment for innovation and entrepreneurship to draw the economy into higher productivity activities.

Make in India

Make in India
Author: Anshuman Tripathy
Publisher:
Total Pages: 0
Release: 2023
Genre:
ISBN:

In 2014, the government changed in India and Narendra Modi became the Prime Minister. Since then a number of steps have been inititated by the government over the last eight years. One of the key steps has the efforts to increase the role and scale of manufacturing in India. This lead to the Make in India initiative that was taken up towards the later part of 2014. A second round Make in India 2.0 to give a further boost came a few years later. However the pandemic hit in 2020. This impacted the manufacturing sector in a major way, primarily through the shortage of supplies of parts, components and raw materials. This led to the realization of becoming self-sufficient and the start of the Production Linked Incentive (PLI) schemes which are expected to boost manufacturing tremendously leading towards the aim of having manufacturing contributing about 25% of the GDP and the PLI schemes alone creating about 1 crore extra jobs.In this report we trace the history of various actions taken by various Indian governments starting from Independence and then study the various steps that have been taken since 2014. We start with a chapter that contains all the actions since Indian Independence (1947) till 2014 and identify the challenges faced by these interventions. We then move to a chapter on Make in India, identifying the need for the same, the steps taken and the expectations from the same. We then identify the need for the PLI schemes and the next chapter to describes the PLI schemes, some challenges expected in implementing the same and summarize by identifying that pure manufacturing supporting incentive schemes would not be sufficient. This leads to the next chapter on Linked Ecosystem Development where we identify and briefly describe various schemes that have been undertaken to support the growth of manufacturing like skill development, labor laws, ease of business measures, ease of investment, etc. In our final chapter, we end by summarizing some next steps that can be considered for undertaking towards making Make in India a success and some key metrics that may be followed to track its success.While a tremendous effort, the Make in India initiative has been a continuously learning effort where all parts seem to be in consonance right now: PLI and the manufacturing-allied ecosystem development. While GDP growth and job creation appear to be immediate aims of this initiative, along with atmanirbhartha, we believe that as manufacturing increases in India, this will open up the opportunities for more investment in Research and Development (R&D) and this will lead to creation of more and more global products from India. As PLI stabilizes, suitable schemes to support R&D will then have to be developed. A key research initiative would be the development of indigenous raw materials to replace imports. Beyond the increase of manufacturing's contribution ot GDP, enhanced tax receipts and new job creations, we look at the creation of, in the long term, comprehensive ecosystems in each of these sectors overlaying ideation, design, development and manufacturing. This would lead to the growth in creation of Indian origin products that will flourish globally.

Issues in Indian Public Policies

Issues in Indian Public Policies
Author: Vinod B. Annigeri
Publisher: Springer
Total Pages: 239
Release: 2018-05-24
Genre: Business & Economics
ISBN: 9811079501

This book discusses economic development in general and selected public policy issues with a focus on philosophy, Gandhian thoughts and sectoral issues in the Indian context. It presents scholarly contributions on growth and development in India, with particular emphasis on human development in connection with the economy of India and selected developing countries. It brings to the forefront a body of knowledge on philosophy and ethical issues within the domain of public policies relating to development in today’s world. The book includes contributions from leading economists and covering a range of issues such as the Indian government’s current ‘Make in India’ drive, the role of the World Bank, managing educational finances, development and higher education policy, inflation, decentralization, inequality, regional development, and linkages between health, nutrition and education. Accordingly, the book not only offers a useful resource for academics, economists and development practitioners, but also has important implications for public policymaking.

An Interim Evaluation of the Performance of Make in India Program In Information Technology Hardware

An Interim Evaluation of the Performance of Make in India Program In Information Technology Hardware
Author: Dr. Ashutosh Gaur
Publisher: Exceller Books
Total Pages: 189
Release:
Genre: Business & Economics
ISBN:

‘An Interim Evaluation of the Performance of Make in India Program In Information Technology Hardware’ discusses the vital strategies for the success of India's Make in India Program in the IT hardware sector. It also delves into economic game-changers - Demonetization and GST - and their influence on the industry. The outcome also illustrates perception of Industry people about the Make in India Program. This book also underlines role of Academic Institution for Making India self-reliant in the manufacturing of Information Technology Hardware.

Reintegrating India with the World Economy

Reintegrating India with the World Economy
Author: T. N. Srinivasan
Publisher: Columbia University Press
Total Pages: 182
Release: 2003-05-01
Genre: Business & Economics
ISBN: 0881324442

After nearly five decades of insulation from world markets, state controls, and slow growth, India embarked in 1991 on a process of liberalization of controls and progressive integration with the global economy in an effort to put its economy on a path of rapid and sustained growth. Despite major changes in the government since then, the thrust on reforms has been maintained. According to the World Bank, only 10 out of 145 countries had more rapid growth than India at over 6 percent per year in the 1990s and two had the same as India's. In this study, T.N. Srinivasan and Suresh D. Tendulkar analyze the economics and politics of India's recent and growing integration with the world economy. They argue that this process has to be nurtured and accelerated if India is to eradicate its poverty and take its rightful place in the global economic system.The study covers the historical roots and the political economy of India's late integration; domestic and external constraints on integration; external capital inflows including foreign direct investment; and India's emerging comparative advantage in the information technology industry and services, particularly computer software. The final chapter offers policy recommendations including proposals that India could make at the ongoing Doha Round of multilateral trade negotiations.