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Indian Industrial Development and Globalisation   
Indian Industrial Development and Globalisation
Essays in Honour of Professor S.K. Goyal
S.R. Hashim, K.S. Chalapati Rao, K.V.K. Ranganathan,
M.R. Murthy
Hard Bound Book (6¼" x 9¼") :   Pages : 900
2008  Edition   :   ISBN 13: 978-81-7188-722-4
Price : Rs. 1495.00 ; US$ 99.95
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The contents of this volume add useful dimensions to the ongoing debate on various issues relating to India's transition to the new economic policy regime. The papers in this volume were written specifically for the National Conference on Industrial Development and Economic Policy Issues, organised by the Institute for Studies in Industrial Development during June 27-28, 2008. The Conference was held in honour of Professor S.K. Goyal and was anchored on his research interests. While some of the contributions deal specifically with the Indian scenario, others provide an overall context for the debate. They are thus an interesting mixture of specifics and the general.

Section I deals with the issue of industrialisation and employment especially in the context of increasing importance of the services sector and deceleration of the agricultural sector. Section II examines the historical context of the development of corporate sector in India as well as the present ownership pattern of the sector which has direct implications for industrialisation and distributional aspects respectively. This section also deals with the developments in the banking sector. Section III focuses on the role of foreign direct investment in development and innovation, the performance of different constituents of the corporate sector in terms of exports and India's preparedness for a free trade agreement with China. Section IV is about globalisation issues in general and India's experience in this context in particular. Section V focuses on issues relating to poverty and inequality. Section VI covers a different set of issues namely, political and cultural dimensions of the new era.

  About the EDITORS:    

S.R. Hashim is Director of Institute for Studies in Industrial Development, New Delhi. His original work on method of measuring capital stock, published in the book Capital-Output Relations in Indian Industries (in co-authorship with Dr. M.M. Dadi) is well regarded in literature as a seminal contribution. He has since extensively worked and written on issues relating to poverty and inequality, water and agriculture and small scale industries.

K.S. Chalapati Rao is Professor at Institute for Studies in Industrial Development, New Delhi. He is a researcher having three decades of experience in studying various aspects of India's industrial policy and corporate sector.

K.V.K. Ranganathan is Professor at Institute for Studies in Industrial Development, New Delhi. His major areas of research interest are on inward and outward foreign investment and corporate sector.

M.R. Murthy is Professor at Institute for Studies in Industrial Development, New Delhi. His research areas of interest are on corporate sector, capital markets, development financial institutions and foreign investments.



List of Tables and Figures



Professor S.K. Goyal: A Tribute

Industrial Development and Economic Policy Issues: Introduction

Part I: Industrial Development Issues

1. Evolution of Indian Organised Manufacturing Industrial Structure: A Comparison between Liberalised and Pre-liberalised Regimes
— Atulan Guha

2. Is Growth Sans Industrialisation Sustainable?
— G.S. Bhalla

3. Industry and Employment: Dissecting Recent Indian Experience
— T.S. Papola

4. Industrial Clusters: A Dynamic Perspective
— Satyaki Roy

5. Impact of Promotional Policies on Small Scale Enterprises: A Study in Uttar Pradesh — Ajit Kumar Singh

6. Simple Despatch Model for the Power Sector India
— Mohammed Zakaria Siddiqui

Part II: Corporate Sector Development

7. The Corporate Sector and Indian Industrialisation: A Historical Perspective
— Surajit Mazumdar

8. Of Traders, Usurers and British Capital: Managing Agencies and the Dalmia Jain Case — Nasir Tyabji

9. Some Aspects of Corporate Ownership in India: Promoters versus Public
— K.S. Chalapati Rao

10. Public Enterprises in India: Past, Present and Future
— R.K. Mishra

11. The Nationalisation of Commercial Banks
— CH. Hanumantha Rao

12. Public Sector Banks in India
— Y.V. Reddy

Part III: Foreign Investment, Technology and Trade

13. Determinants of R&D: Lessons from Literature
— N.S. Siddharthan

14. FDI and Economic Development: Indian Experience in Global Comparative Perspective — Nagesh Kumar

15. Some Aspects of FDI in the Indian Corporate Sector
— K.V.K. Ranganathan and M.R. Murthy

16. Export Intensity of Indian Industrial Firms in the Post-Reform Period
— Bishwanath Goldar and Atsushi Kato

17. India-China Free Trade Area: Is it Feasible?
— T.P. Bhat

Part IV: Globalisation: Challenges and Opportunities

18. State, Society and the Market: Indian Economy under Economic Reforms
— Sunanda Sen

19. Importance of Multilateral Trading System in Globalising System
— Harsha V. Singh

20. Globalisation and its Impact: Potential and Concerns
— Vinish Kathuria

21. Challenges to World Agriculture: North-South Asymmetry in Technology and Production Gains — G.K. Chadha

22. Globalisation and Social Aspects of Development
— V.R. Panchamukhi

23. Empirical Evidence of Financial Integration of Emerging Markets against US
— Mahua Paul

Part V: Distributional Dimensions

24. Economic Reforms, Growth and Well-being in India’s Economic Development: An Exploratory Exercise — J.C. Sandesara

25. An Update on Measurement and Determinants of Rural and Urban Poverty in India — S.P. Kashyap and Niti Mehta

26. Special Economic Zones, Growth and Equity
— D.D. Narula

27. Towards Achieving Inclusive Growth: A Practitioner’s Perspective
— M. Krishna Prasad

Part VI: Political and Cultural Dimensions

28. Union Budget and Economic Administration: Convening Economic Sessions of Parliament — Ashwani Kr. Bansal

29. Towards a Theory of Expectations in Politics
— C. Narendra Reddy

30. Market Power and Globalisation: Citizenship and Dissent in the Global Cultural Economy — Daniel Drache and Marc D. Froese

31. Media the Key Driver of Consumerism: Macro-Micro Linkage and Policy Dimension—A Case Study of FM Radio
— Abhilasha Kumari


Ashwani Kr. Bansal, Professor of Law, University of Delhi, Delhi.

G.S. Bhalla, Professor Emeritus, Jawaharlal Nehru University and Former Member, Planning Commission, Delhi.

T.P. Bhat, Professor, Institute for Studies in Industrial Development, New Delhi.

G.K. Chadha, Member, Economic Advisory Council to Prime Minister and Former Vice-Chancellor, Jawaharlal Nehru University, New Delhi.

Daniel Drache, Associate Director, Robarts Centre for Canadian Studies, York University and Professor of Political Science, Toronto, Canada.

Marc D. Froese, Assistant Professor, Candian University College in Albeta.

B.N. Goldar, Professor, Institute of Economic Growth, Delhi.

Atulan Guha, Assistant Professor, Institute for Studies in Industrial Development, New Delhi.

S.P. Kashyap, Visiting Professor, Sardar Patel Institute of Economic and Social Research, Ahmedabad.

Vinish Kathuria, Associate Professor, SJM School of Management, Indian Institute of Technology, Mumbai.

Atsushi Kato, School of Management, Aoyama Gakuin University, Tokyo.

Nagesh Kumar, Director General, Research and Information System for Developing Countries (RIS), New Delhi.

Abhilasha Kumari, Professor, Institute for Studies in Industrial Development, New Delhi.

Surajit Mazumdar, Professor, Institute for Studies in Industrial Development, New Delhi.

Niti Mehta, Associate Professor, Sardar Patel Institute of Economic and Social Research, Ahmedabad.

R.K. Mishra, Director, Institute of Public Enterprises, Hyderabad.

D.D. Narula, Former Member-Secretary, ICSSR, New Delhi.

V.R. Panchamukhi, former Chairman, ICSSR, New Delhi.

T.S. Papola, Delhi Government Chair in Human Development, Institute for Human Development and Hony. Professor, Institute for Studies in Industrial Development, New Delhi.

Mahua Paul, Assistant Professor, Institute for Studies in Industrial Development, New Delhi.

M. Krishna Prasad, Secretary General, Forum for Promoting Inclusive Growth, New Delhi.

CH. Hanumantha Rao, Former Member, Planning Commission.

C. Narendra Reddy, Former Political Editor, Financial Express.

Y.V. Reddy, Former Governor, Reserve Bank of India, Mumbai.

Satyaki Roy, Assistant Professor, Institute for Studies in Industrial Development, New Delhi.

J.C. Sandesara, Emeritus Professor, University of Mumbai, Mumbai.

Sunanda Sen, Visiting Professor, Jamia Millia Islamia, New Delhi and Former Professor, Jawaharlal Nehru University, New Delhi.

N.S. Siddharthan, Hon. Professor of Economics, Madras School of Economics, Chennai and Hon. Director, Forum for Global Knowledge Sharing.

Zakaria Siddiqui, Doctoral Student, Center for Operations Research and Econometrics, Université Catholique de Louvain, Belgium.

A.K. Singh, Director, Giri Institute of Development Studies, Lucknow.

Harsha V. Singh, Deputy Director-General, World Trade Organization, Geneva.

Nasir Tyabji, Visiting Professor, Centre for Jawaharlal Nehru Studies, Jamia Millia Islamia, New Delhi.

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