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Journal articles on the topic 'Indian development economics'

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Published: 4 June 2021
Last updated: 1 February 2022

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1

Dhingra, Swati. "Economic Development, Technological Change, and Growth: Reforms and Economic Transformation in India." Journal of Economic Literature 51, no. 4 (December 1, 2013): 1203–5. http://dx.doi.org/10.1257/jel.51.4.1183.r11.

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Swati Dhingra of London School of Economics and Political Science reviews, “Reforms and Economic Transformation in India” edited by Jagdish Bhagwati and Arvind Panagariya. The Econlit abstract of this book begins: “Nine papers explore economic policy reforms in India and consider why their impact has not been as significant as it has been in other reform-oriented economies. Papers discuss labor regulations and firm size distribution in Indian manufacturing; complementarity between formal and informal manufacturing in India—the role of policies and institutions; services growth in India—a look inside the black box; organized retailing in India—issues and outlook; selling the family silver to pay the grocer's bill?—the case of privatization in India; variety in, variety out—imported input and product scope expansion in India; reforms and the competitive environment; the postreform narrowing of inequality across castes—evidence from the states; and entrepreneurship in services and the socially disadvantaged in India. Bhagwati is University Professor of Economics and Law at Columbia University. Panagariya is Professor of Economics and Jagdish Bhagwati Professor of Indian Political Economy at Columbia University.”
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2

Akee, Randall K. Q., Katherine A. Spilde, and Jonathan B. Taylor. "The Indian Gaming Regulatory Act and Its Effects on American Indian Economic Development." Journal of Economic Perspectives 29, no. 3 (August 1, 2015): 185–208. http://dx.doi.org/10.1257/jep.29.3.185.

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The Indian Gaming Regulatory Act (IGRA), passed by the US Congress in 1988, was a watershed in the history of policymaking directed toward reservation-resident American Indians. IGRA set the stage for tribal government-owned gaming facilities. It also shaped how this new industry would develop and how tribal governments would invest gaming revenues. Since then, Indian gaming has approached commercial, state-licensed gaming in total revenues. Gaming operations have had a far-reaching and transformative effect on American Indian reservations and their economies. Specifically, Indian gaming has allowed marked improvements in several important dimensions of reservation life. For the first time, some tribal governments have moved to fiscal independence. Native nations have invested gaming revenues in their economies and societies, often with dramatic effect.
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3

KARAK, ANIRBAN. "What was ‘Indian’ Political Economy? On the separation of the ‘social’, the ‘economic’, and the ‘ethical’ in Indian nationalist thought, 1892–1948." Modern Asian Studies 55, no. 1 (March 13, 2020): 75–115. http://dx.doi.org/10.1017/s0026749x19000118.

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AbstractThis article argues that to gauge the significance of state planning in mid-twentieth century India, it is necessary to study the trajectory of what was called ‘Indian political economy’ during the late nineteenth century and first half of the twentieth. Through a close reading of selected texts, I demonstrate that the transmutation of Indian political economy into an abstract science of economics was a function of Indian nationalists’ inability to hold together the ‘social’, ‘economic’, and ‘ethical’ spheres within a single conceptual framework. The separation of these three spheres was the enabling factor behind the conceptualization of planning as a purely technical process of economic management. Further, the article contends that these conceptual developments cannot be adequately explained with reference to either ‘elite’ interests or the insidious effects of ‘colonial’ discourses. Rather, the narrative demonstrates that economic abstractions can—and must—be grounded in the historical development of capitalist social forms that transformed the internal fabric of Indian society. Drawing on a theory of capitalism as a historically specific form of social mediation, I argue that a Marxian social history of Indian state planning can overcome certain limitations inherent in extant approaches. Finally, the interpretation proposed here opens up the possibility of putting Indian history in conversation with a broader development during the first half of the twentieth century, namely the separation of political economy into economics and sociology.
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4

Lahiri, Sajal, and Sukhamoy Chakravarty. "Development Planning: The Indian Experience." Economica 55, no. 220 (November 1988): 551. http://dx.doi.org/10.2307/2553919.

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5

Harris, Nigel, Edwin S. Mills, Charles M. Becker, and S. Verma. "Studies in Indian Urban Development." Economic Journal 97, no. 387 (September 1987): 788. http://dx.doi.org/10.2307/2232959.

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6

Chaudhuri, Pramit, Sukhamoy Chakravarty, and I. G. Patel. "Development Planning: The Indian Experience." Economic Journal 98, no. 389 (March 1988): 212. http://dx.doi.org/10.2307/2233535.

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7

Haque, Ziaul. "Subroto Roy and William E. James (editors). Foundations of India's Political Economy: Towards an Agenda for the I 990s. New Delhi: Sage Publications. 1992. 339 pp.Hardbound. Indian Rupees 275.00." Pakistan Development Review 32, no. 3 (September 1, 1993): 336–40. http://dx.doi.org/10.30541/v32i3pp.336-340.

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India, with 800 million people, vast land resources, heterogeneous linguistic, cultural, religious, and ethnic groups and caste and class divisions, faces complex and formidable social, economic, and political problems. After experimenting with a mixed and controlled, 'socialist' economy for four decades since 1947, in which the public sector played a predominant role, a new strategy of liberalisation and deregulation is being formulated with the aim of integrating Indian economy with the world market. This implies a framework of a liberal market economy with less control and more freedoms. The book under review is the outcome of a large interdisciplinary research project initiated in 1986 and completed in 1990 by Indian and foreign scholars. Divided into the two main sections of politics and economics, the book comprises ten independent but interlinked essays/chapters which discuss some of the longterm socio-economic problems facing India. The recent policy of liberalisation, it is important to note, reflects the urgency and relevance of some of the theses presented in this important book. The removal of unnecessary internal controls, greater stress on the private sector, curtailment of wasteful expenditures, depreciation of the Indian rupee and its freefloating against foreign currencies, and other economic reforms recommended are intended to enhance the comparative advantage of the Indian economy and to make it more competitive in the world market.
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8

Homlong, Nathalie, and Elisabeth Springler. "Economic development and foreign direct investment: How to create sustainable development an analysis of the potential for sustainable development on the Indian subcontinent." Panoeconomicus 57, no. 3 (2010): 333–47. http://dx.doi.org/10.2298/pan1003333h.

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Focusing critically on the effects of the conditions for foreign direct investment on sustainable growth in the recipient country, this paper analyzes the potential for investments in environmental innovations in India. The definition of sustainability applied in this paper incorporates economic development and investment which promotes environmentally and socially friendly production and innovation. As the Indian economy experienced strong growth in GDP in recent years, but is still lagging behind in providing the basic needs of clean water, clean air and proper waste management for households and companies, the necessity for sustainable development exists. From a methodological point of view this paper uses macroeconomic data to evaluate quantitatively the potentials and needs of Indian states. This results in a state ranking showing the potential for sustainable development in selected Indian states, based on economic and environmental indicators.
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9

Bala Krishnan, C., M. Radhikaa Shree, and S. Asrafi. "Indian agritourism industry- an instrument of economic development." International Journal of Engineering & Technology 7, no. 1.9 (March 1, 2018): 287. http://dx.doi.org/10.14419/ijet.v7i1.9.10015.

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Tourism is also well recognized as an engine of growth in the various economics in the world. It has emerged as one of the largest global economic activities. Several countries have transformed their economics by developing their tourism potential. Tourism has great capacity to generate large scale employment and additional income source to the skilled and unskilled.As per the estimate of world Travel and Tourism council (W.T.T.C) tourism generated more than worth $5 trillion of output equivalent to about 8% of total world G.N.P India’s share of world tourist advent has been merely 4% W.T.T.O in its tourism vision 2020 has projected that there would be about 1.6 billion International tourists in all countries of the world by the year 2020. As per the same assessment India is expected to fuel 4.5 times growth international tourist destination thus playing a major role in the economy of the states.
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10

Dharmalingam, A. "Economics of Marriage Change in a South Indian Village." Development and Change 25, no. 3 (July 1994): 569–90. http://dx.doi.org/10.1111/j.1467-7660.1994.tb00527.x.

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11

Dutt, Amitava Krishna. "Aspects of Indian Economic Thought and the Birth and Poverty of Development Economics." History of Political Economy 50, S1 (2018): 59–75. http://dx.doi.org/10.1215/00182702-7033848.

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12

Palamalai, Srinivasan, and Karthigai Prakasam. "Stock Market Development and Economic Growth in India." International Journal of Finance & Banking Studies (2147-4486) 3, no. 3 (July 21, 2014): 30–46. http://dx.doi.org/10.20525/ijfbs.v3i3.187.

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The link between stock market development and economic activity has always been the subject of considerable debate in the field of economics and it raises empirical question whether stock market development influences economic activity or whether it is a consequence of increased economic activity. This study attempts to investigate the direction of causality between stock market development and economic growth in the Indian context. Using the cointegration and causality tests for the period June 1991 to June 2013, the study confirms a well defined long-run equilibrium relationship between the stock market development indicators and economic growth in India. The empirical results show bidirectional causality between market capitalisation and economic growth and unidirectional causality from turnover ratio to economic growth in the long-run and short-run. By and large, it can be inferred that the stock market development indicators viz. market capitalisation and turnover ratio have a positive influence on economic growth in India.
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13

Chakraborty, Dr Sudip, and Mrs Durba Dutta. "THE HEALTHY INTEGRATION: MODERN ECONOMICS AND CHANAKYA’S ARTHASASHTRA." BSSS Journal of Commerce XIII, no. 1 (June 30, 2021): 91–119. http://dx.doi.org/10.51767/joc1309.

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Economic Evolution is a gradual process. It takes ages to develop and convert any country into meaningful and sustainable growth engines. The Indian Economy is no exception to this evolutionary process. In spite of the successful completion of the Five-Year Plans from 1951 to the Twelfth Five-year plan ( 2012-2017) , Indian Economy has still been reeling with challenges like Population Growth, Crumbling Infrastructure, Terrorism, Corruption, Inadequate Taxation and Unemployment. However, there is a shift in the economy post Liberalization. Since 1991, the economy has been transformed from a closely held inward looking economy to a driving force of global growth. Recently there has been a concentrated effort to reform the cobweb of taxes across the Indian Economy which is reflected in the Constitutional Amendment Bill for GST and its implementation, Demonetization of High Denomination Bank Notes, enactment of Insolvency and Bankruptcy Code, enactment of Aadhaar Bill for disbursement of financial subsidies and benefits. There has been an overall complex- security development matrix in India. The sudden economic upheavals intrigue one to think if there exists any root or connection of the various economic strategies and their origin in India, or they are simply borrowed from the western economic theories. Arthashastra, by Chanakya, being a very famous Indian treatise on politics, economics, military strategy, state function and social organization of ancient India, an attempt is made to relate the contemporary economic scenario with those mentioned in the Arthashastra. The paper shall try to reflect the connectivity of various functional roots from Kautilya to kalyug.
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14

Volodin, A. "“Growth plus Development”, or Indian Experience of Economic Reforms." World Economy and International Relations, no. 10 (2010): 91–98. http://dx.doi.org/10.20542/0131-2227-2010-10-91-98.

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The development philosophy in India has always attached prime significance to large-scale participation of Indians in modern economic and political processes, to their fullest openness and transparency. It included deconcentration of economic power, diversification of political authority sources, creation of additional value improvement incentives by means of small commodity mode development, productive forces system improvement in lower segments of society. Every historical period of India's economic development is thoroughly examined.
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15

PORTER, PAIGE. "Development Research in the Indian Ocean Region." South African Journal of Economics 65, no. 1 (March 1997): 1–15. http://dx.doi.org/10.1111/j.1813-6982.1997.tb01348.x.

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16

Macmillen, Malcolm. "Book Review: Development Planning: the Indian Experience." Journal of Interdisciplinary Economics 2, no. 3 (January 1988): 251–52. http://dx.doi.org/10.1177/02601079x8800200311.

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17

Mahdi, Syed Iqbal. "Islamic Economics and the Economy of Indian Muslims." American Journal of Islam and Society 6, no. 2 (December 1, 1989): 358–60. http://dx.doi.org/10.35632/ajis.v6i2.2687.

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The International Seminar on Islamic Economics and the Economy ofIndian Muslims was held July 21-24, 1989 in the Convention Center of HamdardUniversity, New Delhi, India, under the auspices of the Institute ofObjective Studies (IOS). The Seminar was the first of its kind in India. Therewere 10 sessions, with over 60 participants, on various aspects of IslamicEconomics as well as on the economy of Indian Muslims. In addition therewere inaugural and plenary sessions, and a public lecture. All the sessionswere well-attended. Conference delegates and participants came from all overIndia, as well as Egypt and the U.S. A number of scholars from other countriescould not attend the Conference because of the denial of visa for attendingthe Conference by the Indian Embassies in their respective countries.The Conference convened on Friday, July 21, 1989 at 1190 A.M. withthe inaugural session chaired by Dr. S. Z. Qasim, Vice-Chancellor of JamiaMillia Islamia, New Delhi. After the welcome speech by Mr. A. R. Agwan,Director of the IOS, Dr. Manzoor Alam, Chairman of the IOS, introducedthe 10s and its activities. The inaugural address was delivered by Dr. A.R. Kidwai, Chancellor, Aligarh Muslim University (AMU). Following that,the keynote address was given by Dr. F. R. Faridi of AMU, who was alsothe convenor of this seminar.Among the foreign delegates were Dr. Shawki Ismail Shehata of FaisalIslamic Bank of Egypt, Prof. Syed Iqbal Mahdi (who is the Secretary ofthe AMSS Economics Discipline Group),and Dr. A. Q. J. Shaikh from theU.S.A., and Dr. M. Ayub Munir from Pakistan.The Conference organizers had carefully selected the topics which weretimely and relevant both in terms of Islamic economics and the economyof Indian Muslims. Each session had 4 to 5 papers. The following were someof the topics:1. Employment Situation of Indian Muslims: An Appraisal ofits Nature and Magnitude2. Islamic Banking: Theory and Practice3. An Islamic Approach to Economic Development ...
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18

Ahmed, Rafiq. "Syed Nawab Haider Naqvi. Development Economics: A New Paradigm, New Delhi: Sage Publications, 1993, 208 pages, Indian Rs 200.00." Pakistan Development Review 33, no. 3 (September 1, 1994): 297–99. http://dx.doi.org/10.30541/v33i3pp.297-299.

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With his well-known innovative intellectual skills, Syed Nawab Haider Naqvi has converted his several Presidential Addresses given at the Annual General Meetings of the Pakistan Society of Development Economists into a succinct and stimulating book. With its publication, Dr Naqvi has placed students of development economics in his debt for a lucid and systematic treatment of a subject which mainstream economists regard as a dying species, while the more knowledgeable ones, agreeing with Dr Naqvi, see it as very much alive though in need of revitalisation. Development economics, as a new paradigm or a distinct sub-discipline of economics, is only half-a-century old. The end of the Second World War saw the emergence of a new, independent but underdeveloped world with high expectations of quick prosperity. It was soon discovered, however, that mainstream economics was either neutral or unwilling to offer direct solutions to the serious problems that developing economies faced, particularly with regard to questions of alleviating widespread poverty and removing the abominably high income and wealth inequalities. It is against this background that development themes attracted the special attention of a large body of economists, who not only tried to analyse such themes theoretically with the help of the existing as well as new economic postulates but also offered vital remedies to solve the practical problems of under-development. In this way, development economics emerged as perhaps the best example of a synthesis between the positive and the normative aspects.
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19

Shifa Fathima, J. "A Study on Competitive Performance and Progress of Micro, Small and Medium Enterprises (MSMEs) in India." Shanlax International Journal of Management 7, no. 4 (April 1, 2020): 52–61. http://dx.doi.org/10.34293/management.v7i4.2161.

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The MSMEs have established an important fragment of the Indian economy as far as its contribution to the nation’s industrial production, exports, employment and creation of a consumerist base. The government built up the service of Small Scale Industries and Agro and Rural Industries (SSI & ART) in October 1999 as the nodal service for the formulation of arrangements and programs, their accomplishment and related coordination, to supplement the endeavors of the states for promotion and development of this class of industries in India. MSME has been acknowledged as the Indian motor of economic development and for promoting evenhanded development. The Micro, Small and Medium Enterprises (MSMEs) are apropos viewed as the foundation of the Indian economy. The little scale part possesses a position of prominence in the Indian economy, adding to over half of the industrial production esteem accumulation terms. The segment represents 33% of the export income and employs the biggest workforce besides agribusiness. MSMEs are recognized as one important constituent of the national economies. The MSMEs ought to be urged to make an economic contribution to the national pay, employment and exports. SMEs territory major employment provider and contributor to GDP, they are troubled with the duty of employing while simultaneously encountering moderate moving development given partitioning horticulture segment and globalization. The MSME comprise over 90% of all out enterprises in the greater part of the economics and are credited with creating the most elevated paces of employment development and record for a significant offer industrial production and exports. In India, the MSMEs assume an indispensable job in the general industrial economy of the nation. It is evaluated that as far as worth, the area represents about 39% of the manufacturing yield and around 33% of the all-out exports of the nation. Further, in recent years the MSME Sector has consistently enrolled higher development pace of contrasted with the general industrial part. Hence, the present study has been focused on highlighting the statistical overview of the competitive performance and progress of Micro, Small and Medium Enterprises (MSMEs) in India.
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20

Bhanumurthy, N. R., and Prakash Singh. "Financial sector development and economic growth in Indian states." International Journal of Economic Policy in Emerging Economies 6, no. 1 (2013): 47. http://dx.doi.org/10.1504/ijepee.2013.054472.

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21

Ghatak, Anita, John Bonner, A. Hughes Hallett, and Stephen Howes. "Aspects of Indian economic planning and development: A review." Economics of Planning 26, no. 2 (June 1993): 191–207. http://dx.doi.org/10.1007/bf01268219.

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22

Lamba, Rohit, and Arvind Subramanian. "Dynamism with Incommensurate Development: The Distinctive Indian Model." Journal of Economic Perspectives 34, no. 1 (February 1, 2020): 3–30. http://dx.doi.org/10.1257/jep.34.1.3.

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India’s sequencing of economic and political development has been unusual. In contrast to the West and more recently East Asia, democratization has preceded economic growth. Notwithstanding its unique path, India has grown substantially over the last four decades, pulling hundreds of millions out of poverty. The pace, durability, and stability of economic growth has been matched by few countries in the post-war period. This dynamism, though, has not been matched by development in several dimensions: a structural transformation that has skipped high-productivity manufacturing despite surplus labor, an increased spatial divergence in income despite integration in internal markets, limited convergence in education and other social metrics across castes but divergence across religions, a deep societal preference for sons that is associated with poor outcomes for women and high levels of stunting amongst children, and an environmental degradation that is severe for its level of income. The paper speculates on two immediate challenges: reviving dynamism when human capital development remains weak and the financial system is impaired and accelerating development when state capacity remains limited.
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23

Chadha, Rajesh. "Commentary: FTAS and the WTO Doha Development Round--Asian Response to EEU and FTAA." Global Economy Journal 5, no. 4 (December 7, 2005): 1850068. http://dx.doi.org/10.2202/1524-5861.1155.

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Commentary on FTAs and the Doha Development Round. Rajesh Chadha is Chief Economist at the National Council of Applied Economic Research (NCAER) in New Delhi, India. His Teaching and research experience of more than 29 years includes the University of Delhi and the NCAER. Chadha’s specialization is international trade with significant experience in applied economic research and economic modeling. His international experience includes Visiting Scholar in the Department of Economics, University of Michigan, and in the Department of Economics, University of Melbourne, Australia. He has also held visiting faculty positions at IIT, Delhi; IIT, Roorkee; IEG, Delhi; IIFT, New Delhi; IIPA, New Delhi; MDI Gurgaon and AIMA, New Delhi. Chadha was consultant to the World Bank in 1989, 1990, and 1999, and Consultant to the Australian Government in 2002. He was nominated as a GTAP Research Fellow for 2004-2007 by Purdue University. His research experience includes national as well as international research projects sponsored by the Ministry of Commerce and the Ministry of Finance, Government of India; Government of Australia, Ford Foundation, European Union, World Bank, USAID, and ESCAP. He earned a B.Sc. Honours in Physics and an M.A. in Business Economics at the University of Delhi and a Ph.D. at the Indian Institute of Technology (IIT), Delhi.
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24

Palamalai, Srinivasan. "Stock Market Development and Economic Growth in India: An Empirical Analysis." International Journal of Finance & Banking Studies (2147-4486) 3, no. 3 (January 19, 2016): 30. http://dx.doi.org/10.20525/.v3i3.187.

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<p><em>The link between </em><em>stock market development and economic activity has always been the subject of considerable debate in the field of economics and it raises empirical question whether stock market development influences economic activity or whether it is a consequence of increased economic activity. This study attempts to investigate the direction of causality between stock market development and economic growth in the Indian context. Using the cointegration and causality tests for the period June 1991 to June 2013, the study confirms a well defined long-run equilibrium relationship between the stock market development indicators and economic growth in India. The empirical results show bidirectional causality between market capitalisation and economic growth and unidirectional causality from turnover ratio to economic growth in the long-run and short-run. By and large, it can be inferred that the stock market development indicators viz. market capitalisation and turnover ratio have a positive influence on economic growth in India.</em><em></em></p>
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25

Nag], [Moni, and Bahnisikha Ghosh. "The Indian Population Problem: A Household Economics Approach." Population and Development Review 17, no. 2 (June 1991): 354. http://dx.doi.org/10.2307/1973744.

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26

Bhat, Karthik Subramanya, Udo Bachhiesl, Gerald Feichtinger, and Heinz Stigler. "A techno-economic model-based analysis of the renewable energy transition in the Indian subcontinent region." e & i Elektrotechnik und Informationstechnik 136, no. 8 (December 2019): 361–67. http://dx.doi.org/10.1007/s00502-019-00773-w.

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AbstractIndia, as a ‘developing’ country, is in the middle of a unique situation of handling its energy transition towards carbon-free energy along with its continuous economic development. With respect to the agreed COP 21 and SDG 2030 targets, India has drafted several energy strategies revolving around clean renewable energy. With multiple roadblocks for development of large hydro power capacities within the country, the long-term renewable goals of India focus highly on renewable energy technologies like solar Photo-Voltaic (PV) and wind capacities. However, with a much slower rate of development in transmission infrastructure and the given situations of the regional energy systems in the Indian subcontinent, these significant changes in India could result in severe technical and economic consequences for the complete interconnected region. The presented investigations in this paper have been conducted using ATLANTIS_India, a unique techno-economic simulation model developed at the Institute of Electricity Economics and Energy Innovation/Graz University of Technology, designed for the electricity system in the Indian subcontinent region. The model covers the electricity systems of India, Bangladesh, Bhutan, Nepal, and Sri Lanka, and is used to analyse a scenario where around 118 GW of solar PV and wind capacity expansion is planned in India until the target year 2050. This paper presents the simulation approach as well as the simulated results and conclusions. The simulation results show the positive and negative techno-economic impacts of the discussed strategy on the overall electricity system, while suggesting possible solutions.
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27

Patnaik, Utsa. "Some Paradoxes of Capitalist Development in Indian Agriculture." Review of Radical Political Economics 21, no. 3 (September 1989): 118–22. http://dx.doi.org/10.1177/048661348902100320.

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28

Desai, Meghnad. "Why India Is Not Quite a Part of the Asian Miracle." Journal of Interdisciplinary Economics 32, no. 1 (January 2020): 8–11. http://dx.doi.org/10.1177/0260107920904875.

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This paper seeks to explain the low growth trajectory of India vis-a-vis East Asia in a historical and cultural perspective. It is argued that the Indian subcontinent was culturally separated from Buddhism and therefore from an egalitarian social possibility after the first millennium CE. A brief history of Indian economic development since independence is provided in light of the introductory historical account. JEL: N15, O10, O53
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29

Sharma, Dipasha. "Nexus between financial inclusion and economic growth." Journal of Financial Economic Policy 8, no. 1 (April 4, 2016): 13–36. http://dx.doi.org/10.1108/jfep-01-2015-0004.

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Purpose The purpose of this study is to assess the nexus between the vast dimensions of financial inclusion and economic development of the emerging Indian economy. Design/methodology/approach In this study, vector auto-regression (VAR) models and Granger causality test were followed to test the main research question in Indian context. The data were collected on various dimensions of financial inclusion and economic development for the period 2004-2013. Findings Empirical results and discussion suggest that there is a positive association between economic growth and various dimensions of financial inclusion, specifically banking penetration, availability of banking services and usage of banking services in terms of deposits. Granger causality analysis reveals a bi-directional causality between geographic outreach and economic development and a unidirectional causality between the number of deposits/loan accounts and gross domestic product. The results obtained favor social banking experiments in India with a deepening of banking institutions. Research limitations/implications This study is limited to the banking institutions and specifically to the emerging and developing economies. Practical implications This study analyzes the quantitative value of social banking experiments and governments’ efforts to enhance financial inclusion in terms of economic growth. Social implications Financial inclusion plays a key role in developing a strong and an efficient financial infrastructure, which facilitates the growth of an economy. The findings of the study reveal that there is a strong association between banking penetration and growth. The discussion leads in the favor of deepening of the banking institutions, and therefore, policymakers can look forward to these findings to maintain a sustainable-inclusive-developed economic system in an emerging economy like India. Originality/value This study is original in nature and includes recent evidence and efforts to promote financial inclusion in the Indian economy. The findings of this study will be of value to banks and policymakers.
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Dizaji, Farzaneh Maleki. "The Indian Tribal Art Market." Journal of Social and Development Sciences 7, no. 4(S) (January 26, 2017): 23–28. http://dx.doi.org/10.22610/jsds.v7i4(s).1501.

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Abstract: In the study of art market of Indian tribal, creativeeconomy, cultural economy effect on consumer behavior, governmentprotection, changes of cultural believes and religion by tribal for increasing market, art economic etc. has been considered. In Indian tribal art economics, creative imagination coming from their culture, believes, religions etc. So it becomes more sensitive and restricted. The Field work was conducted in Bhopal (IGRMS), Madhya Pradesh, India. Data collection was performed by qualitative informal depth interview and quantitative data by questionnaire. Tools and technique were including photography, observation; case study (Bhil and Rathwa communities) Research duration was fromMay2015 to March 2016. Consumers of Indian tribal art divided to four categories: foreigners, NRI, artist and very rare common people. The government protection of Tribal art is based on Article 342. The protection is governed by the Ministry of Culture and Ministry of Tribal affairs, Government of India. And also by organizations like IGRMS, TRIFED, TRTI, Lalit Kala Academy etc. Protection of arts in India is performed under section 22 of the copy right Act 1957, intellectual property right and also scheme of “Market Development of Tribal Products/ Produce. In conclusion art marketing doesn’t have a particular formula for all type of art because they have different target audience.Keywords: Art Market, Creative Economy, Cultural Economy, Indian Tribal Art, Indira Gandhi Rashtriya Manav Sangrahalaya (IGRMS)
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31

Sethi, Pradeepta, and Brajesh Kumar. "FINANCIAL STRUCTURE GAP AND ECONOMIC DEVELOPMENT IN INDIA." Journal of Business Economics and Management 15, no. 4 (January 16, 2013): 776–94. http://dx.doi.org/10.3846/16111699.2012.729157.

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This study is built on the concept of optimal financial structure and examines its dynamics with the economic development process of India. Specifically, the present study intends to examine the evolving importance of banks and markets during different stages of economic development. Using annual data from 1988–2009 for India and selected benchmark OECD countries, we have conducted quantile and robust regression to assess the impact of deviation from the optimal financial structure on the output growth. To our knowledge the present study is one of the pioneer works in calculating the optimal financial structure in Indian context. The empirical evidence suggests that as the economy develops the services provided by banks are comparatively more important than those provided by the stock markets. The financial structure matters for the growth process. The deviation from the optimal structure has harmful effects on the economy and the financial structure gap retards the growth process.
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Munshi, Kaivan. "Caste and the Indian Economy." Journal of Economic Literature 57, no. 4 (December 1, 2019): 781–834. http://dx.doi.org/10.1257/jel.20171307.

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Caste plays a role at every stage of an Indian's economic life, in school, university, the labor market, and into old age. The influence of caste extends beyond private economic activity into the public sphere, where caste politics determines access to public resources. The aggregate evidence indicates that there has been convergence in education, occupations, income, and access to public resources across caste groups in the decades after independence. Some of this convergence is likely due to affirmative action, but caste-based networks could also have played an equalizing role by exploiting the opportunities that became available in a globalizing economy. Ethnic networks were once active in many advanced economies but ceased to be salient once markets developed. With economic development, it is possible that caste networks will cease to be salient in India. The affirmative action programs may also be rolled back and (statistical) discrimination in urban labor markets may come to an end if and when there is convergence across caste groups. In the interim period, however, it is important to understand the positive and negative consequences of caste involvement across a variety of spheres in the Indian economy. (JEL G22, J15, J71, O15, O17, Z13)
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Mehta, Atul, and Joysankar Bhattacharya. "Channels of financial sector development and the inequality widening (narrowing) hypothesis – evidence from India." Journal of Financial Economic Policy 12, no. 4 (January 2, 2020): 593–608. http://dx.doi.org/10.1108/jfep-03-2019-0049.

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Purpose The study aims to understand how various channels of financial sector development affect the income inequality across Indian states and whether the inequality widening or narrowing hypothesis of financial development may be confirmed at a sub-national level. Design/methodology/approach Using state-wise annual data for the period from 1999-2000 to 2011-2012, a panel data analysis using generalised method of moments (GMM) estimator is conducted for a sample of 15 major Indian states. Findings The results confirm the inequality widening hypothesis of financial sector development in India. While each channel affects different section of the population in a different way, their overall effect on the income inequality remains unfavourable. Originality/value This paper is the first ever study to provide a comparative empirical evidence for the effect of each channel of financial development on the income inequality in India. The results provide significant insights to the policymakers, practitioners and academia in the financial sector with respect to the efficiency of each channel of financial development in bridging the gap between the poor and rich.
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Sehrawat, Madhu, and A. K. Giri. "Financial development and economic growth: empirical evidence from India." Studies in Economics and Finance 32, no. 3 (August 3, 2015): 340–56. http://dx.doi.org/10.1108/sef-10-2013-0152.

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Purpose – The purpose of this paper is to examine the relationship between financial development and economic growth in India using annual data from 1982 to 2012. Design/methodology/approach – The stationarity properties are checked by ADF, DF-GLS, KPSS and Ng–Perron unit root tests. The long- and short-run dynamics are examined by using the autoregressive distributed lag (ARDL) approach to co-integration. Findings – The co-integration test confirms a long-run relationship in financial development and economic growth for India. The analysis of ARDL test results reveals that both bank-based and market-based indicators of financial development have a positive impact on economic growth in India. Hence, the results support the supply-leading hypothesis and highlight the importance of financial development in economic growth. The findings also indicate that the Indian bank-centric financial sector has the potential for economic growth through credit transmission. Research limitations/implications – The present study recommends appropriate reforms in financial markets to attain sustainable economic growth. The findings are useful for policy-makers who want to maintain a parallel expansion of financial development and growth. Originality/value – To date, there are hardly any studies that use both market-based and bank-based indicators as proxies of financial development and analyze their role in economic growth in India. So, the contribution of the paper is to fill this gap in literature.
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Malik, Sohail J. "V.K .R.V. Rao, India's National II/come 1950 1980. All Analysis of Economic Growth and Change. Sage Publications India Pvt . Ltd., New Delhi, 1983, pp.xv + 208, Tables (text) 146 + (appendix) 6, Appendices, Index; Price (hardbound edition) Rupees (Indian) 125.00." Pakistan Development Review 24, no. 2 (June 1, 1985): 183–88. http://dx.doi.org/10.30541/v24i2pp.183-188.

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The history of Indian national income estimates goes back to 1876 when Dadabhai Naoroji made the first crude estimates for the year 1867-68. However, these estimates and most of the work that followed was tainted by the political biases of t he researchers. The main purpose of national income statisticians including Naoroji, uptil 1934, was to point out the stark poverty and sub-marginal conditions of an average Indian as a direct result of an alien rule. In 1934 V.K.R.V. Rao published "an Essay on India's National Income, 1925- 29", which IS widely regarded as the first authentic academic exercise into the estimation of the national income of India. In 1949 the Government of India, realizing the need for reliable estimates of national income for policy purposes appointed the National Income Committee under the chairmanship of Professor Mahalanobis. The Committee had two members, Professor Gadgil of the Gokhale Institute lt Poona and Professor Rao, the then head of the Delhi School of Economics. This Committee was responsible for putting the national accounts estimation of India on a modern footing.
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36

Nath, Golak C. "Role of Clearing Corporation in Indian financial market development." Macroeconomics and Finance in Emerging Market Economies 1, no. 2 (September 2008): 307–11. http://dx.doi.org/10.1080/17520840802253140.

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Das, Deb Kusum, Suresh Chand Aggarwal, Abdul Azeez Erumban, and Pilu Chandra Das. "What is new about India’s economic growth? An industry level productivity perspective." Indian Growth and Development Review 13, no. 1 (June 6, 2019): 11–36. http://dx.doi.org/10.1108/igdr-05-2018-0054.

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Purpose The dynamics of economic growth in India continues to engage economists and still remains much debated. The trends and patterns of growth observed in India have seen acceleration in growth in Indian economy in the period following macroeconomic reforms and policy changes in investment and trade regimes. However, when and how did India transform itself from Hindu rate of growth to the present growth regime continues to be debated. Design/methodology/approach Using INDIA KLEMS data set, this study provides a distinctive perspective on India’s economic growth. A unique data set comprising 27 sectors of Indian economy at a disaggregate industry level for a period of 30 years, beginning 1980s, attempts to understand the dynamics of India’s growth from the contribution of industries that comprise the Indian economy. Findings This productivity data set offers a new way of analyzing the dynamics of growth including the sources of growth. The growth empirics allow evaluation of the relative significance of total factor productivity growth vis-a-vis input accumulation in accounting for output growth. In addition, the authors were able to document the industry contributions to aggregate growth. In this way, they were able to analyze the importance of the constituent industries within the different sectors of the economy − agriculture, manufacturing, construction and market, as well as non-market services in accounting for the observed growth in India. In conclusion, the industry perspective offers a new and analytical way of discerning new aspects of India’s march to higher growth regimes in post-1990s era. Originality/value A unique data set comprising 27 sectors of Indian economy at a disaggregate industry level for a period of 30 years, beginning 1980s, attempts to understand the dynamics of India’s growth from the contribution of industries that comprise the Indian economy.
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Arora, Puneet Kumar, and Jaydeep Mukherjee. "The nexus between financial development and trade performance." Journal of Financial Economic Policy 12, no. 2 (December 2, 2019): 279–91. http://dx.doi.org/10.1108/jfep-04-2019-0067.

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Purpose This study aims to empirically examine the relationship between financial development and trade performance for the Indian economy through a time-series analysis with annual data over the period 1980-2016. Design/methodology/approach The study uses new econometrics techniques such as unit root tests in the presence of endogenous structural breaks and autoregressive-distributed lag bounds test for the analysis. Findings Empirical results reveal that the level of financial development has a significant positive impact on the exports, imports and trade balance of manufactured goods for the Indian economy. Practical implications The findings suggest that the positive effect of financial development on trade performance is a potential mechanism through which the former may affect overall income and growth rates. It also implies that standalone trade liberalisation policies are insufficient to increase Indian exports. Indian policymakers should, therefore, consider the implications of the next set of financial sector reforms on the country’s trade flows, besides their positive impact on the economic performance. The findings are particularly relevant in the present scenario when the export growth is decelerating and there is a marked slowdown in private credit flows because of the problem of non-performing assets. Originality/value This study is the first of its kind which provides a holistic analysis of the relationship between financial development and trade performance for the Indian economy and also investigates the direction of causality between financial development and international trade by considering the possible presence of multiple endogenous structural breaks in the data. Moreover, in contrast to the available literature, the present study focuses on net exports as a key indicator of trade performance rather than trade openness.
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Roy, Tirthankar. "THE BRITISH EMPIRE AND THE ECONOMIC DEVELOPMENT OF INDIA (1858-1947)." Revista de Historia Económica / Journal of Iberian and Latin American Economic History 34, no. 2 (November 25, 2015): 209–36. http://dx.doi.org/10.1017/s0212610915000336.

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ABSTRACTInterpretations of the role of the state in economic change in colonial (1858-1947) and post-colonial India (1947-) tend to presume that the colonial was an exploitative and the post-colonial a developmental state. This article shows that the opposition does not work well as a framework for economic history. The differences between the two states lay elsewhere than in the drive to exploit Indian resources by a foreign power. The difference was that British colonial policy was framed with reference to global market integration, whereas post-colonial policy was framed with reference to nationalism. The article applies this lesson to reread the economic effects of the two types of state, and reflects on ongoing debates in the global history of European expansion.
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SHAND, Ric, and K. P. KALIRAJAN. "YAMAZAWA'S OPEN ECONOMIC ASSOCIATION: AN INDIAN OCEAN GROUPING FOR ECONOMIC COOPERATION." Developing Economies 35, no. 1 (March 1997): 3–27. http://dx.doi.org/10.1111/j.1746-1049.1997.tb01184.x.

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41

Mohan, Rakesh, and Vandana Aggarwal. "Commands and controls: Planning for indian industrial development, 1951–1990." Journal of Comparative Economics 14, no. 4 (December 1990): 681–712. http://dx.doi.org/10.1016/0147-5967(90)90048-e.

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42

Pilz, Matthias, and Julia Regel. "Vocational Education and Training in India: Prospects and Challenges from an Outside Perspective." Margin: The Journal of Applied Economic Research 15, no. 1 (February 2021): 101–21. http://dx.doi.org/10.1177/0973801020976606.

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With high economic growing rates and an evident shortage of skilled workers, the modernisation of formal vocational education and training (VET) in India increasingly came into focus. Skill development has been on top of the agenda of the Indian government for more than a decade, resulting in state policies and related schemes to upgrade and develop a system struggling with quantitative and qualitative issues. This article gives an overview of the main pillars of the Indian VET system and addresses policies and initiatives to restructure and upgrade formal VET in India. Finally, the main challenges as well as potential for a further development of the sector are highlighted from different systemic perspectives. JEL Codes: I 210, I 280
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43

Bywalec, Grzegorz. "The Social Effects Of The Economic Transformation In India (An Attempt At Measurement and Evaluation)." Comparative Economic Research. Central and Eastern Europe 20, no. 1 (March 9, 2017): 119–32. http://dx.doi.org/10.1515/cer-2017-0007.

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One of significant and, at the same time, challenging research problems in Economics is measuring the social effect of economic growth (development). Economic growth should never be treated a goal per se. It is rational provided that it brings effects such as, generally speaking, an improvement in the standard of living. However, this is not always the case. Social sciences, including Economics, have not developed any uniform methods of measuring and evaluating such effects yet. This paper constitutes an attempt to measure and evaluate the social effects of the reforms of the Indian economy and state launched in 1991. The analysis covers a period of over twenty years. As a result of the aforementioned reforms, at the beginning of the second decade of the 21st century, India ranked third in the world in terms of GDP (based on purchasing power parity), after the USA and China. So what are the social effects of such a dynamic economic growth? For the purposes of this paper, in order to quantify and evaluate the social effects of the economic growth in India and its dynamics in the analysed time period, the author experimentally adopts a popular socio-demographic index, i.e. the average further life expectancy (e0). This constitutes the so-called natural aggregate (a micro index) applied in social development analyses. It is quite commonly used by Indian economists and statisticians, albeit it is rarely applied in European Economics. The empirical analysis of the trends in the said index proves that the rapid economic growth in India after the year 1991 has brought about substantial increases in the life expectancy of the inhabitants of the country and a diminishing of disparities in this regard on a national scale (in different cross-sections: urban-rural, females-males, as well as in the regional perspective). In the mid-2010s India is almost on a par with the countries with a medium development rate in terms of the life expectancy of its inhabitants and in some states (e.g. Kerala). the value of this index is comparable to that in the highly developed countries.
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44

Nidup, Jigme. "Non-Indian aid and growth nexus in Bhutan." International Journal of Development Issues 14, no. 2 (July 6, 2015): 117–29. http://dx.doi.org/10.1108/ijdi-09-2014-0069.

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Purpose – The purpose of this paper is to investigate the impact of Non-Indian foreign aid on economic growth. In addition, this paper also investigates the importance of governance, policy and democratic institution in fostering economic growth. Planned development activities in Bhutan are mostly funded through external assistance, particularly from India. Bhutan also receives assistance from other bilateral and multilateral countries besides India. Design/methodology/approach – This study adopts the autoregressive distributed lag approach to cointegration using time-series data from 1982 to 2012. To ensure stationarity of data, the unit root test is conducted. Necessary diagnostic tests are also performed to confirm that the model does not violate regression assumptions. Findings – Findings indicate that Non-Indian foreign aid, governance and democracy are detrimental to economic growth. Policy and investment is found insignificant determinant. However, labour force and technology are found fostering economic growth. Research limitations/implications – Less number of observations restrained detailed analysis like the use of interactive terms between aid and governance, aid and policy to see its actual impact. Data on Indian aid could not be sourced from any documents. Those available were found only for few years restricting time series analysis. Originality/value – This study explored the impact of various determinants on economic growth in Bhutan. These findings provide useful insights for policymakers in Bhutan to make necessary decisions. The analysis also suggests future ground for research to those scholars and researchers.
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Bogart, Dan, and Latika Chaudhary. "Engines of Growth: The Productivity Advance of Indian Railways, 1874–1912." Journal of Economic History 73, no. 2 (May 23, 2013): 339–70. http://dx.doi.org/10.1017/s0022050713000296.

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Railways were integral to the development of the Indian economy before World War I. This article presents new estimates of total factor productivity (TFP) for railways from 1874 to 1912, which highlight the strong performance of this key industrial sector. Railway-industry TFP growth was substantial averaging 2.3 percent per year and generating a 2.7 percent social savings for the Indian economy. A combination of factors contributed to TFP growth including greater capacity utilization, technological change, and improvements in organization and governance. Railways had higher TFP growth than most sectors in India and compared favorably with TFP growth in other countries.
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HEGDE, GANESH S., and N. S. NARAHARI. "INHERITED SKILLS AND TECHNOLOGY: INDIAN ENTREPRENEURSHIP DEVELOPMENT." Journal of Developmental Entrepreneurship 14, no. 02 (June 2009): 195–203. http://dx.doi.org/10.1142/s1084946709001235.

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Entrepreneurial development in India relies on generational mentoring, family business skill set, and exploration of technological progress. The know-how of skills, learned and refined over generations, leads to sustained development that is then converted into technology. Inheritance is one aspect that plays a major role in skill development. The transformation of skill into a technological component paves the way for the successful entrepreneurship. The spark initiated through inherited skill sets and ignited through the addition of technology results in useful entrepreneurial value. The basic societal needs remain the same while the trends take a changed form with the advent in technology. This requires the conversion of the time-honored skills through adaptation of the technological exponent in the changing societal trends. This paper offers an optimization model with maximization of entrepreneurial value as the objective and business output as the constraint. Skill and technology are taken as the variables. The model uses the primer value theorem as the computational tool, which solves the model in the indeterminate domain to suggest different strategies. The concept is demonstrated through three case examples.
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Copeland, Nicholas. "Regarding development: governing Indian advancement in revolutionary Guatemala." Economy and Society 44, no. 3 (July 3, 2015): 418–44. http://dx.doi.org/10.1080/03085147.2015.1051848.

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48

Arif, Umaima. "Steven D. Levitt and Stephen J. Dubner. Superfreakonomics: Global Cooling, Patriotic Prostitutes, and Why Suicide Bombers Should Buy Life Insurance. London: Penguin Books Ltd. 2009. 270 pages. Paperback. £ 14.99." Pakistan Development Review 48, no. 2 (June 1, 2009): 171–72. http://dx.doi.org/10.30541/v48i2pp.171-172.

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Behavioural economics is an emerging field and superfreakonomics provides useful insights into human behaviour observed with respect to issues that have economic implications. The underlying theme of the book is that human beings respond to incentives. The authors have set up a number of interesting examples to convey how different incentives work. The case studies discussed in the book are based on the authors’ recent academic research; motivated by fellow economists as well as engineers and astrophysicists, psychotic killers and emergency room doctors, amateur historians and transgender neuroscientists. Most of the stories fall into one of the two categories: things you always thought you knew but in fact did not; and things you never knew you wanted to know, but do know. The authors, with the help of data, show that drunk walking is eight times more dangerous than drunk driving. The message is that the misaligned incentives (penalties) are responsible for this—only drunk driving is penalised. To show the influence of positive incentives the authors demonstrate how cable TV might have improved the status of women in India. A baby Indian girl, who does grow into adulthood, faces discrimination in provision of education, health care and remuneration in job market. In a national health survey, 51 per cent of Indian men said that wife-beating is defensible under certain situations and more surprisingly, 54 per cent of the women agreed. But things are changing, albeit at a slow pace. The authors find that cable TV has empowered Indian rural women—families with cable TV are more likely to have a lower birth rate and more schooling.
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BERTAUX, NANCY, and ELAINE CRABLE. "LEARNING ABOUT WOMEN. ECONOMIC DEVELOPMENT, ENTREPRENEURSHIP AND THE ENVIRONMENT IN INDIA: A CASE STUDY." Journal of Developmental Entrepreneurship 12, no. 04 (December 2007): 467–78. http://dx.doi.org/10.1142/s1084946707000757.

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On a recent semester-long stay in India, students from Xavier University (Cincinnati, Ohio) learned about a variety of social and economic development issues, with an emphasis on the role and status of women. This study describes and assesses the impact and effectiveness of their learning with a particular focus on their exposure to Meerut Seva Samaj (MSS), one economic development initiative concentrating on rural women. The Indian economy has recently witnessed an increase in entrepreneurship among women. Entrepreneurship often allows women to engage in home-based work so that they still can attend to their domestic duties, while also helping to financially support the family. Banks, companies, and NGOs (non-governmental organizations) are finding that offering micro-credit, or small loans, and other types of entrepreneurial assistance can help women start businesses. Meerut Seva Samaj provides a concrete example of how Indian women, especially in rural areas, can become successful entrepreneurs with the help of technology, training and other resources. MSS also assists local communities in the use of biogas, an environmentally friendly energy source that improves the environment and fertility of land in rural areas. The study places this service learning case study from India in the context of the literature on women, economic development, entrepreneurship and environmental issues.
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Kamiike, Atsuko. "The TRIPS Agreement and the Pharmaceutical Industry in India." Journal of Interdisciplinary Economics 32, no. 1 (December 5, 2019): 95–113. http://dx.doi.org/10.1177/0260107919875573.

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The World Trade Organization’s (WTO’s) Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS Agreement) calls for the harmonization of intellectual property rights (IPRs) regulations across all WTO member countries. The TRIPS Agreement requires all WTO member countries to adopt and enforce minimum standards of intellectual property. It was assumed that the introduction of pharmaceutical product patents would hamper the Indian pharmaceutical industry’s growth. Contrary to expectations, however, the Indian pharmaceutical industry has been growing in the post-TRIPS period. The TRIPS Agreement changed the research and development (R&D) orientation of Indian pharmaceutical companies, which have increased their R&D investments. Since the TRIPS Agreement was signed, the pharmaceutical global value chain (GVC) has been re-structured and has now expanded to emerging countries like India. Indian pharmaceutical firms have thus been participating in the pharmaceutical GVC in the post-TRIPS period. This participation is conducive to technological upgrading and technology transfers. While operating in the GVC, Indian pharmaceutical firms are upgrading by adopting state-of-the-art technologies. This study explores how the TRIPS Agreement is influencing the Indian pharmaceutical industry and discusses the industry’s growth factors in the post-TRIPS period within the GVC framework. JEL: L21, L24, L26, L65
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