Globalisation and the Indian Economy

Globalisation and the Indian Economy PDF Author: Ravi Prakash Yadav
Publisher:
ISBN: 9788177082081
Category : Globalization
Languages : en
Pages : 0

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Book Description
ABOUT THE BOOK National policies?economic, social and cultural?that until recently were determined by the States and people within a country have increasingly come under the influence of international agencies and processes. This has led to the narrowed ability of governments and people to make choices from options in economic, social and cultural policies. Globalisation implies widening and deepening integration with the globe, i.e. with people and processes abroad. Globalisation is widely seen as the most important factor that could influence economies of nations the world over in the new millennium. The rapid advancement in information technology and communications has made it not just possible but absolutely essential for economies of the world to adapt or fall by the wayside. The socio-economically disadvantaged are yet to benefit from globalisation. The challenge to overcome the scourge of poverty remains a daunting task. The support of the poor for reforms and their involvement in the development process can be achieved only if they start benefiting from government policies. On the positive side, globalisation has compelled developing countries to improve overall economic management, and make their economies efficient. Despite distortions and aberrations, globalisation is a reality. Developments in information and communication technologies are unifying markets and people, cutting across barriers of space and time. This volume is a collection of 26 academic and research papers contributed by scholars in the field belonging to reputed universities and centres of academic excellence in India. This work, it is hoped, will generate meaningful debate and discussion on this topical subject affecting the lives of the people across the board

Globalisation and the Indian Economy

Globalisation and the Indian Economy PDF Author: Ravi Prakash Yadav
Publisher:
ISBN: 9788177082081
Category : Globalization
Languages : en
Pages : 0

Get Book

Book Description
ABOUT THE BOOK National policies?economic, social and cultural?that until recently were determined by the States and people within a country have increasingly come under the influence of international agencies and processes. This has led to the narrowed ability of governments and people to make choices from options in economic, social and cultural policies. Globalisation implies widening and deepening integration with the globe, i.e. with people and processes abroad. Globalisation is widely seen as the most important factor that could influence economies of nations the world over in the new millennium. The rapid advancement in information technology and communications has made it not just possible but absolutely essential for economies of the world to adapt or fall by the wayside. The socio-economically disadvantaged are yet to benefit from globalisation. The challenge to overcome the scourge of poverty remains a daunting task. The support of the poor for reforms and their involvement in the development process can be achieved only if they start benefiting from government policies. On the positive side, globalisation has compelled developing countries to improve overall economic management, and make their economies efficient. Despite distortions and aberrations, globalisation is a reality. Developments in information and communication technologies are unifying markets and people, cutting across barriers of space and time. This volume is a collection of 26 academic and research papers contributed by scholars in the field belonging to reputed universities and centres of academic excellence in India. This work, it is hoped, will generate meaningful debate and discussion on this topical subject affecting the lives of the people across the board

Globalisation and Indian Economy

Globalisation and Indian Economy PDF Author: Bharat Jhunjhunwala
Publisher: Gyan Publishing House
ISBN: 9788178355993
Category : Globalization
Languages : en
Pages : 316

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Book Description
This book presents the changing contours of India s position in the global economy. The first section deals with India s defensive posture in the nineties vis-à-vis the Multinational Companies. The resistance to speedy opening up of the economy has enabled Indian businesses to become globally competitive. The second section deals with the challenges before Indian in the begging of the 21st millennium as she is increasingly recognized as a world power. The earlier defensive posture has to be change into an offensive posture now with India aiming to break the economies of the rich countries. This can be done, for example, withdrawing forex reserves from US T-Bills. The third section deals with the challenges before India in establishing a just world order. The question in how to break the inherent injustice in the world economy where 20 percent of the people of rich countries are consuming 80 percent of the resources. India should not tie its wagon to the engine of rich countries and try to gain form injustice of the present world order. Instead, India must take the lead in confronting the injustice perpetrated by the rich countries, organize the developing countries and establish a world economy based on justice.

Globalization and the Indian Economy

Globalization and the Indian Economy PDF Author: Satyendra S. Nayak
Publisher: Routledge
ISBN: 1134062613
Category : Business & Economics
Languages : en
Pages : 318

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Book Description
This book examines the impact of globalization on the Indian economy, exploring the trade, investment and financial aspects of globalization, and also considering its implications for the balance of payments and currency exchange rate. The first part of the book deals with the evolution of the philosophy of globalization and its impact on exchange rates, global liquidity, currency markets, and global trade and payments. It highlights the catalytic role played by the US in driving the globalization process, and provides detailed analysis of the evolution of the international monetary system to illustrate current processes of globalization. Furthermore, a critical discussion of the Asian financial crisis of 1997 is presented as well as the lessons that have emerged from the crisis. The Indian economic experience and its own policy of dealing with globalization is the focus of second part of the book. The author examines the genesis of economic reforms and liberalization in India. The success of the Indian policy of gradualism is discussed in the context of the Asian crisis, and the reasons as to why India averted a similar crisis are explored. Finally, the author examines whether the Indian currency, the rupee, can be made fully convertible. This book makes a valuable contribution to the literature on globalization and development and should be of interest to academics interested in the global economy, international finance, international development and also to academics with an interest in South Asian Studies.

Liberalisation and Globalisation of Indian Economy

Liberalisation and Globalisation of Indian Economy PDF Author: Ed. K.R. Gupta
Publisher: Atlantic Publishers & Dist
ISBN: 9788126909438
Category : Economic development
Languages : en
Pages : 320

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Book Description
Contributed articles.

Globalization and India's Economic Integration

Globalization and India's Economic Integration PDF Author: Baldev Raj Nayar
Publisher: Georgetown University Press
ISBN: 1626161089
Category : Political Science
Languages : en
Pages : 316

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Book Description
A common critique of globalization is that it causes economic segmentation and even disintegration of the national economy. Quite to the contrary, Baldev Raj Nayar provides a thorough empirical treatment of India’s political economy that challenges this critique by demonstrating that, on balance, both state and market have functioned to attenuate such a disintegrative impact and to accentuate economic integration. The active role of the Indian state in the areas of economic planning, fiscal federalism, and tax reform has resulted in improved economic integration and not increased segmentation. Similarly, his investigation of trade, investment, entrepreneurship, and migration suggests tendencies inherent in the market in favor of economic integration, especially when assisted by the state. While globalization has its benefits, such as higher economic growth, and costs, such as external shocks, Nayar’s findings show that India has benefited from globalization more than it has been victimized by it. Globalization and India’s Economic Integration shows how globalization’s pressures favoring efficiency paradoxically induced the state to push for consolidation on a pan-Indian scale in the area of fiscal federalism and to advance the cause of the common market through reforming the indirect tax system; meanwhile, the state has pressed forward with social inclusiveness as never before in its economic planning. For another, the market, too, has been instrumental, because of its widened scope and its inherently expanding character, in strengthening economic integration through trade expansion, diffusion of industry, and increased inter-state migration. Nayar’s groundbreaking work will interest students, scholars, and specialists of India, South Asia, globalization, and political economy.

The Indian Economy in Transition

The Indian Economy in Transition PDF Author: Anjan Chakrabarti
Publisher: Cambridge University Press
ISBN: 131667388X
Category : Political Science
Languages : en
Pages : 444

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Book Description
Taking the period following the advent of liberalization, this book explains the transition of the Indian economy against the backdrop of development. If the objective is to explore the new economic map of India, then the distinct contributions in the book could be seen as twofold. The first is the analytical frame whereby the authors deploy a unique Marxist approach consisting of the initial concepts of class process and the developing countries to address India's economic transition. The second contribution is substantive whereby the authors describe India's economic transition as epochal, materializing out of the new emergent triad of neo-liberal globalization, global capitalism and inclusive development. This is how the book theorizes the structural transformation of the Indian economy in the twenty-first century. Through this framework, it interrogates and critiques the given debates, ideas and policies about the economic development of a developing nation.

Liberalisation and Globalisation of Indian Economy

Liberalisation and Globalisation of Indian Economy PDF Author: Ed. K.R. Gupta
Publisher: Atlantic Publishers & Dist
ISBN: 9788126904945
Category :
Languages : en
Pages : 396

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Book Description
In India, The Move Towards Globalisation And Free Trade Coincided With The Process Of Structural Reforms And Economic Liberalisation That Began In July 1991. Since Then The Country Has Seen A Significant Integration Of Markets In Commodity, Services, Finance And Technology With Other Countries. Right At The Outset Of Globalisation, Some Persons In India Like Those In Other Developing Countries Were Against This New Trend, Perceiving It As Elite-Driven And Incapable Of Bringing Qualitative Change In Peoples Lives. Fear Of Lagging Behind In The Race With The Advanced Countries, Which Would Ultimately Capture A Lion S Share In The Global Market, Had Further Led Some People To Oppose Globalisation.But The Present Scenario Is Altogether Different. India S Apprehensions About Globalisation Have Been Removed To Some Extent. Economic Liberalisation Has Paved Way For Rapid Technological Progress For India While Globalisation Has Given Its Young Talent Vast Employment Opportunities In America And Europe. Today, India Has Become A Big Market For Multinational Giants. There Is Hardly A Big-Name Company That Is Not Outsourcing To India. India Has Developed Several Hubs Of Information Technology-Enabled Services, Business Process Outsourcing, Research & Development, Pharmaceuticals And Telecommunication. On The Contrary, The Advanced Countries Like The United States Are Now Fearing Globalisation Because They Are Losing Jobs In The International Corporate World To Indian Technical Experts. Globalisation And Liberalisation Have Brought New Opportunities In Our Country In Trade, Business, Services And Employment. The Atmosphere Is Vibrant. The Younger Generation Is Educated, Talented And Ambitious. The Opening Of International Markets Has Led To Earnest Endeavours To Improve Product Quality To Secure Marketing. Internationalisation And Privatisation Of Education Has Led To Updating Of Curriculum And Bring Technical Manpower That Would Implement The Latest Technology In Manufacturing And Servicing. The Globalisation Should Be Made An Instrument Of Rapid Economic Development In A Way That Its Benefits Reach All Regions Of The Country And All Sections Of Society.The Volume Has Wide Coverage Including In Its Spectrum The Structural Changes In The Indian Economy. Contributors To This Volume Have Not Only Recognised The Reality Of Globalisation As A Process Of Change But Have Also Comprehensively Dealt With The Major Issues And Concerns For India In The Context Of Globalisation. The Papers Closely Examine Important Implications And Impact Of Liberalisation And Globalisation Measures Taken By The Government In Recent Years.It Is Hoped That The Book Would Be Found Useful By The Researchers And Students Of Economics, Businessmen, Government Executives, Parliamentarians And Legislators, Concerned With The Formulation And Execution Of Economic Policies, And The General Readers Interested In Knowing The Changes That Are Taking Place In Our Economy.

GLOBALIZATION IN INDIA

GLOBALIZATION IN INDIA PDF Author: RAMANUJ GANGULY
Publisher: PHI Learning Pvt. Ltd.
ISBN: 8120340388
Category : Political Science
Languages : en
Pages : 441

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Book Description
Since the last decade of twentieth century, India has strived for an experienced and unprecedented economic turn-around. The country has witnessed a structural shift in GDP growth, propelled largely by new investments and the growth of the value enhancing services sector. Globally, these efforts are not only source of appreciation but also of assumption for many that India increasingly being seen as part of new axis of influence in the world. Long established three-headed social problem—poverty–illiteracy–unemployment—remains the biggest stumbling block for a post-colonial country like India. New sets of problems have taken shape in the last quarter of twentieth century when policy makers and market participants have prioritized economic activities for short-term gains. In context of the above, Center of Associates for Sociological Studies and Action undertook to bring out to the fore oft-neglected inter-disciplinary discussions and analysis in fifteen articles to examine the process of globalization in India taking insights from economics, political science and international relations, sociology, cultural anthropology, social ecology, management and cultural studies. It discusses the impact of the process of globalization on social institutions like marriage, family, economy, politics, education and religion. The book is intended for postgraduate students and research scholars. It provides readers with a clear perspective about creating economics, environmental and social capital that can produce multiplier effect for making national progress more inclusive and sustainable.

Reintegrating India with the World Economy

Reintegrating India with the World Economy PDF Author: T. N. Srinivasan
Publisher: Columbia University Press
ISBN: 0881324442
Category : Business & Economics
Languages : en
Pages : 192

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Book Description
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.

Globalisation and Indian Economy

Globalisation and Indian Economy PDF Author:
Publisher:
ISBN:
Category : Financial institutions
Languages : en
Pages : 456

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Book Description