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The quality of institutions indicates the level of economic development in the country. Institutions are a part of a system that is based on human interactions and that leads to the generation of incentives. These incentives can deal with uncertainties and foster economic, social, political growth, provided the human interactions are moderated well. This paper reflects on the strength of the interventionalist institutions like cooperatives in India and promotes institution building for a better future. The base of the paper focuses on the lessons learnt from dairy cooperatives in Gujarat state and discusses the current situation of the cooperatives and challenges faced by them. The cooperatives in India have been old institutions with a great history of success as also failures. Though there are various types of cooperatives in India, the dairy cooperatives have been able to gain more attention in the international market due to the Operation Floods I, II, and III. India has secured its position as one of the largest milk producers in the world. At present, India produces 20% of the total milk production in the world. This paper is a blend and analysis of theoretical perspectives and ground realities of the dairy cooperative sector in India. The paper follows theoretical perspectives from institutional theory to analyse the present scenario of dairy cooperatives in India. It addresses the gaps in the dairy cooperative development sector with an in‐depth analysis of ground realities and contributes to future policy formulation and interventions. [ABSTRACT FROM AUTHOR]

This paper develops a two-period Overlapping Generations (OLG) model of endogenous growth in which a two-way relationship between social capital and human capital is studied. In order to illustrate the impact of public policies, the model is calibrated using the data for a low-income country, India and a sensitivity analysis is reported under different parameter values. Based on the numerical analysis, this paper focuses on possible trade-offs in the allocation of government spending between two productive components, that is, social capital-related activities and education. The results of this paper show that an increase in the share of public spending on social capital-related activities through a cut in spending on education or vice versa entails trade-offs. However, the trade-off fades away and the net impact on long-run growth turns out to be positive for different parameter values in the case where a higher share of spending on education is financed by a cut in spending on social capital-related activities but a policy in improving social capital accumulation at the expense of education is always detrimental to long-run growth. [ABSTRACT FROM AUTHOR]

The paper critically analyzes the problems and the hurdles for the financial inclusion for the economical growth and plans to call attention to the importance of Pradhan Mantri Yojana to bring Financial Inclusion a reality. A country can develop economically and socially if its weakest section can end up being financially independent. To achieve inclusive growth, the Government of India has introduced many schemes recently and steps have been taken that the benefits of policies reach the people. The schemes include Pradhan Mantri Jeevan Jyoti Yojna, Pradhan Mantri Bima Suraksha Yojna and Pradhan Manti Atal Yojna that have already been launched. The unawareness of financial institutions in the rural, semi‐urban and hilly areas of India is worrisome. The study focuses on the secondary source of information obtained through the website of the Reserve Bank of India website and other published sources. Sustainable growth, economic development and progress of an economy can only be achieved if a country has a well‐equipped financial system. All the assets, funds and capital have to be properly channelized for attaining inclusive and sustainable development goals in the Indian economy. [ABSTRACT FROM AUTHOR]

In the last decade, fiscal rule was introduced to institutionalize rule-based fiscal control in India by enacting Fiscal Responsibility Legislation by the Union and state governments. Using a 14 year data set from 2000-01 to 2013-14, spread across 14 major states, this paper examines the impacts of fiscal rule on fiscal balance. Our findings confirm that the introduction of fiscal rule resulted in reduction in fiscal imbalance. The paper also found that, to comply with the deficit targets set by the fiscal rule, states resorted to spending cuts, primarily the discretionary development expenditures. [ABSTRACT FROM AUTHOR]

India, as a rising economic power, has undergone significant macro-economic and structural changes in recent decades. The accelerated economic growth in recent times has brought wide-ranging changes in life styles and behaviors of its growing population. At the same time, the population is undergoing a structural change and as this continues in the future, the country has the potential to reap the population dividend. As a consequence of these changes, the country is experiencing increased migration to urban areas, visible signs of consumerism in the fast-growing middle-class segment of the population, and an increasing trend of mimicking international styles. This paper provides an overview of the macro-economic and structural changes in India and considers the implications of such changes on India's residential energy needs. It suggests that life-style changes will have a significant implication on Indian future energy demand but there is a window of opportunity to follow a low-carbon pathway by adopting 'smart' technologies and creating efficient infrastructure. However, it requires a coordinated effort at various levels. WIREs Energy Environ 2014, 3:535-539. doi: 10.1002/wene.108 For further resources related to this article, please visit the . Conflict of interest: The author has declared no conflicts of interest for this article. [ABSTRACT FROM AUTHOR]

This paper is concerned with the analysis of growth using cross-country/ state growth regressions. The paper uses the example of state level growth in India and a case study of the growth experience of the state of Kerala in the 1990s. In practise empirical results using cross-country/ state growth regressions remain disappointing. Orthodox analysis tends to stop with the assumption that it is only an empirical problem. This paper goes on to show that there are also theoretical and finally methodological-ideological problems why empirical results are poor. Each successive problem is engaged with by fewer and fewer researchers. In conclusion, this paper makes a case for the greater use of country case studies. Copyright © 2012 John Wiley & Sons, Ltd. [ABSTRACT FROM AUTHOR]

The climate change arena comprises a diverse set of interacting actors from international, national and local levels. The multilevel architecture has implications for low-carbon technology deployment in developing countries, an issue salient to both development and climate objectives. The paper examines this theme through two inter-related questions: how do (or don't) low-carbon technologies get deployed in India's built environment, and what implications can be drawn from the Indian case for effective low-carbon technology development and transfer for developing countries? By examining the multilevel linkages in India's buildings sector, the paper shows how the interactions between governance levels can both support and hinder technology deployment, ultimately leading to inadequate outcomes. The potential of these linkages is hobbled by aspects of the national context (federated energy governance and developing-country capacity limitations), yet can also be enabled by other features (the climate policy context, which may motivate international actors to fill domestic capacity lacunae). Reflecting on the India case, the paper makes recommendations for improved low-carbon technology deployment in developing countries: (1) technology development and transfer collaboration on a 'need-driven' approach, (2) development of the specific types of capacity required across the entire innovation chain and (3) domestic strengthening of the coordination and agendas across and between governance levels. Copyright © 2017 John Wiley & Sons, Ltd and ERP Environment [ABSTRACT FROM AUTHOR]

The adverse impacts of climate change have occupied central theme of many policy initiatives. This paper investigated the impact of economic development, fossil fuel consumptions and population density on CO2 in India, Pakistan and Bangladesh using annual data over the period 1971–2014. We have applied panel Autoregressive distributed lags model to estimate the long‐run dynamics and Vector error correction model specified Granger causality test for finding the causality direction. Using three multivariate equations model, the empirical outcome of our study has established key associations that have crucial policy implications. Firstly, the results of auto‐regressive distributed lags (ARDL) confirmed the environmental Kuznets curve hypothesis that the relationship between CO2 and economic development is U‐shaped. Moreover, fossil fuel consumption and population density have a positive impact on CO2 emission in the long run. VECM test evidence suggests that short‐run causalities from economic development to CO2, population density to CO2 and fossil fuel consumption to CO2 exist. Secondly, CO2 has a negative impact on economic development while the impacts of fossil fuel, FDI and total exports on economic development have been significantly positive in the long run. In short run, CO2, fossil fuel consumption and FDI Granger cause economic development. Lastly, CO2 emission negatively influences population density while economic development positively affects population density in long run. Moreover, short‐run causalities from economic development to population density and CO2 to population density exit. For policy drives, efficient and low carbon emission technologies should be used. [ABSTRACT FROM AUTHOR]

Why do some informal institutions increase in prevalence while other informal institutions decline? We study why dowry deaths have increased with economic development in some Indian states but have decreased in others. We argue that when economic development is low, traditional institutions rather than state institutions govern behaviour. But as economic development increases to a high level, modern formal institutions replace traditional informal institutions. Women are increasingly exploited and murdered over dowry as incomes increase from a low level, but fewer deaths occur as incomes increase from a high level. We test this argument using a dataset of dowry deaths in years 2001–2011 for 32 Indian states and territories. Our paper contributes to understanding how exploitation through informal institutions rises and falls with economic development. [ABSTRACT FROM AUTHOR]

This paper discusses recent developments in the literature on local and regional innovative performance to show how an 'integrated' conceptual framework based on the cross-fertilization of different theories can serve as a foundation for the comparative analysis of territorial innovation dynamics in both developed and developing countries. The paper outlines a conceptual framework to explain the differences between innovation systems and their geography by drawing on elements of endogenous growth, new economic geography and regional innovation systems. This framework forms the basis of the subsequent analysis of the differences in innovative capacity between the European Union (EU), the United States (US) - as the leader system to be challenged - and China and India as emerging competitors for international technological leadership. The systematic analysis of a large body of empirical literature shows important differences between the spatial patterning of 'emerging' (China and India) and 'mature' (EU and US) innovation systems. [ABSTRACT FROM AUTHOR]

Urban areas contribute to nearly two-thirds of India's gross domestic product, but only constitute 31% of the country's population. In this paper, I address the following questions: What are the specializations of Indian cities and towns, and how have these changed over time; and what part of the specialization identified is a result of local advantages versus industry or national economic growth? Answers to these questions are basic to sustaining the competitiveness of India's cities. I used standard Census of India data at city level to compute location quotients for India's cities and towns, and examined changes in their economic base over time. Further, I performed shift-share analyses for selected large cities to disaggregate their employment growth. On average, over 1991-2001, specialization in all sectors, with the exception of trade, decreased. I found evidence of persistence in the sectoral specialization of Indian cities during 1991-2001. Further, in all non-agricultural economic sectors, cities in states know to be backward and lagging are specialized in most sectors. Based on location quotient analyses, I find that Mumbai is the financial capital of the country, Delhi is the seat of public administration, and Bengaluru specializes in transport, storage, and communications. [ABSTRACT FROM AUTHOR]

Much of the literature on nongovernmental organizations (NGOs) and development suggests that a top-down process is underway which leads to the dispersal of neoliberal ideals. Drawing on 2 years of ethnographic research in Rajasthan, India, this paper examines how a poverty alleviation project “fits” into competitive and co-operative socio-economic relations already operating on the ground. It argues that in contradiction to neoliberal notions of empowerment espoused by project policies, both NGOs and their constituents have an interest in establishing and maintaining patronage networks that stabilize relationships of dependency. The paper concludes that neoliberal development projects serve to enable patron–client relationships between NGOs and villagers, and enroll the state in the continuing provision of benefits beyond those planned by the project. [ABSTRACT FROM AUTHOR]

This paper sketches the contours of progress in India across a broad range of human development indicators, especially those related to the Millennium Development Goals. This paper also considers the slackening of the drop in poverty reduction since the 1990s (as compared to the 1980s) and the theme of increasing personal and regional inequality in India in the post-reforms period. It also considers the even more persistent incidence of hunger in India and concludes by assessing the potential role of public policy in addressing the twin problems of slowdown in poverty alleviation and reduction of hunger. [ABSTRACT FROM AUTHOR]

This paper investigates the dynamic relationships between physical infrastructure, financial development and economic growth in the case of India, using the autoregressive distributed lag and the Toda–Yamamoto causality approach for the period 1980 to 2016. A physical infrastructure index and a financial development index are constructed using the principal component analysis. The empirical results suggest that physical infrastructure has a positive effect on economic growth both in the long run and short run, whereas financial development, although significant, has a weak impact on economic growth. The causality test supports a bidirectional causal relationship between infrastructure development and economic growth, while it finds unidirectional causation running from economic growth to financial development. As India is aiming for higher growth for a sustained period, our results suggest that there is a need for government intervention in expanding the physical infrastructure and this, in turn, could lead to economic growth as well as financial sector development. [ABSTRACT FROM AUTHOR]

Motivated by the concern that the recent surge in inflation could retard growth, the paper revisits the nexus between inflation and growth from the perspective of an emerging economy, India. Examining this relationship using a wavelet multi-resolution analysis with varying time scale decomposition suggests a strong and persistent negative relationship between growth and inflation for a short time scale, while it is not significant for a longer time scale. [ABSTRACT FROM AUTHOR]

Trade secret is the need of today's globalised economy.At times developers/inventors does notwant to get the product/process patented, because of primary requirement of complete disclosure. Trade Secret is a one step solution to all such issues. Unfortunately, the concept of providing protection as trade secret has seen development in strong economies only. Through this paper authorswould like to explain the reasonwhy a trade secret should bemade a part of IP regime. Intellectual Property is that branch of law jurisprudence regarding which is still in its developing stage in India. Time and again, Indian judiciary, by looking out to various foreign legislations and judgments, has tried to fill in that gap. The article will cite examples from the cases as they have been decided by the Indian Courts, while relying on the development of law by courts in European Union or in USA. One bold step was taken by the parliament in this regard, that is, National Innovation Bill 2008, but Bill lapsed without being tabled only, forcing the protection of trade secrets by other available legislations only. The paper also tries to provide some suggestions to remove the ambiguity and make a way ahead in this regard. [ABSTRACT FROM AUTHOR]

The paper synthesises the results from empirical case studies undertaken in India and Thailand on the welfare impacts of geographical indications ( GIs). The findings indicate a positive effect from GI protection on the well-being of farm households and rural poverty. GI protection also preserves the traditional knowledge embedded in a GI good as well as the traditional heritage of the locality that produces the good. The findings support the call for stronger intellectual property rights protection. [ABSTRACT FROM AUTHOR]

ABSTRACT This paper studies the recent spatial development of India. Services, and to a lesser extent manufacturing, are increasingly concentrating in high-density clusters. This stands in contrast with the United States, where in the last decades services have tended to grow fastest in medium-density locations, such as Silicon Valley. India's experience is not common to all fast-growing developing economies. The spatial growth pattern of China looks more similar to that in the United States than to that of India. Our findings suggest that certain frictions are keeping medium-density places in India from growing faster. [ABSTRACT FROM AUTHOR]

The global agenda of sustainable development (SD) will get a major boost from the successful implementation of the Sustainable Development Goals (SDGs) in developing countries. This requires effective planning and understanding of the SDGs at the national level and developing sound SDG indicators that account for country priorities. Currently, there is no formal SDG indicator set in India, but the process for it is underway. This paper has attempted to propose a unique technique for identifying the most representative indicator set for SD measurement in India based on the SDGs. Considering the needs and preferences of the country, a three‐stage process is proposed to develop the priority indicator set. The application of the approach has been presented for SDG 7, which relates to energy. This is supported with a background on India's SD progress. The proposed technique is simple yet effective, and can be easily replicated by other developing countries. [ABSTRACT FROM AUTHOR]

A key challenge facing most emerging market economies today is how to simultaneously maintain monetary independence, exchange rate stability and financial integration subject to the constraints imposed by the trilemma, in an era of widespread globalization. In this paper we review and contrast the trilemma policy choices and trade-offs faced by the two key drivers of global economic growth: China and India. China's trilemma configurations are unique relative to other emerging markets in terms of the predominance of exchange rate stability, and in the failure of the trilemma regression to capture a consistently significant role for financial integration. In contrast, the trilemma configurations of India are in line with choices made by other emerging countries. Over time, India, like other emerging economies, has converged towards a middle ground among the three policy objectives, and has achieved comparable levels of exchange rate stability and financial integration buffered by sizeable international reserves. [ABSTRACT FROM AUTHOR]

Abstract: Impact sourcing (ImS) is the practice of bringing digitally enabled outsourcing jobs to underprivileged communities. While such jobs are attractive and improve life chances, situated ImS employees face the difficult task of transitioning from their traditional communities to the relatively modern ImS workplace. These transition experiences expose them to a variety of work‐life challenges and, at the same time, serve as occasions for development. This paper draws on an inductive qualitative study of an up and coming Indian ImS company and explores how ImS employees experience sociocultural transitions and realize developmental impacts. The findings suggest that compartmentalization and integration strategies help ImS employees manage boundaries arising from the contrasting cultural expectations of the community and the workplace. Impact sourcing employees respond to sociocultural transition challenges in the workplace through a series of cognitive adjustments, which involves the creation of fictive kinships, job crafting, and experimenting with provisional selves. Furthermore, the analysis shows how intense engagement with sociocultural transitions can lead to the development of crucial individual and collective capabilities. In closing, a model of capability development of ImS employees is outlined, and the implications for ImS companies are discussed. [ABSTRACT FROM AUTHOR]

Over the past two decades, the consumption of animal products has increased rapidly in China and India, driven by rising income and large populations. Such strong demand for animal products could have substantial impacts on both their own and global food and feed demand and supply. This paper examines the nature of rising demand for animal products in China and India and discusses national and global implications. [ABSTRACT FROM AUTHOR]

This paper attempts, through a comparative analysis, to assess the significance of foreign direct investment to the growth and development of both China and India, from the period following the introduction of economic reform programmes, to the last few years. It suggests that foreign direct investment (FDI) has had a significant positive bearing on the Chinese economy and a considerably more moderate effect on that of India. This discrepancy is attributed, in particular, to the composition and nature of FDI, and the institutional framework within which FDI is received. [ABSTRACT FROM AUTHOR]

Effective relations between states and business have been increasingly identified as an important institution for sustaining economic development. This paper constructs quantitative indices measuring the quality of state-business relations (SBRs) across Indian states in the 1985-2008 period. It represents the first effort to systematically characterise SBRs across sub-national units within a country without resorting to subjective surveys. We discuss the possible sensitivity of the indices to minor and major definitional changes and examine the evolution of SBRs across Indian states and at the national level through the study of cross-sectional and secular trends in these indices. The results suggest that SBRs have improved over time in all states barring Bihar. Rankings of states in terms of the SBR index show varying time trends-stable and high ranks for states like Andhra Pradesh, Karnataka, and Tamil Nadu, stable and low ranks for states like Uttar Pradesh and West Bengal, rapidly improving ranks for states like Haryana, Punjab and Rajasthan and swift deterioration in ranks for states like Bihar and Madhya Pradesh. Copyright © 2011 John Wiley & Sons, Ltd. [ABSTRACT FROM AUTHOR]

This paper investigates the process of convergence and catching-up among major Indian states during 1980/81-2004/05-a period of economic liberalisation and accelerated economic growth, and also analyses the factors that enhance economic growth and lead states towards an identical steady state. In particular, we examine the role of agricultural conditions in this process. Results indicate absolute divergence in income levels across states. However, after controlling for structural characteristics of states there is a strong tendency of convergence among states. Physical infrastructure and human capital are found to enhance economic growth, but alone are not sufficient for convergence. For convergence, the investment in physical infrastructure and human resources should be accompanied by a reduction in employment pressure on agriculture by improving labour market linkages of agriculture with non-agricultural sectors, and by promoting growth-enhancing labour-intensive agricultural technologies. Copyright © 2009 John Wiley & Sons, Ltd. [ABSTRACT FROM AUTHOR]

This paper explores the possibility of using the channel of intergovernmental transfers for Public Expenditure Management reform in India. It seeks to introduce a quantifiable measure of expenditure quality which would influence intergovernmental transfers. The central message of this study is that a Quality Control Fund should be created by the Finance Commission. Inter-se distribution from this would be in the nature of a reward to the states for their performance in the context of expenditure quality. The funds received from this incentive fund could be tied to spending on education and health. It would be a major change of approach if the Finance Commission mandated the States to set out some realistic output targets which could be monitored (would be reviewed by the next Finance Commission). This would be a big stride toward results-based output-oriented transfers and could herald a sea change in the very approach of budgeting and intergovernmental relations in India! [ABSTRACT FROM AUTHOR]

The article discusses reports published within the journal, such as one by Jie Zhang and T. Li concerning economic developments in China and India.

The Self-Employed Women's Association (SEWA) is a trade union founded in 1972 to organize women in the informal sector in the western Indian state of Gujarat for better working conditions and social security provisions. The Gujarat Mahila Housing SEWA Trust (MHT) and the SEWA Bank are independently registered SEWA sister organizations that facilitate self-employed women's access to housing and financial services, respectively. This paper seeks to document and critically analyze the experiences of MHT and SEWA Bank in partnering with the state, the private sector, funding agencies, urban local bodies and other NGOs in developing and delivering housing, water and sanitation programs for low-income urban families living in slums. Using MHT as a case study, this paper will shed light upon challenges and opportunities NGOs may face while collaborating with partners with different core philosophies, motivations, working styles, strengths and constraints. The paper also makes recommendations that would enable different actors to play an optimal role in partnerships designed to improve the living and working conditions of the poor. [ABSTRACT FROM AUTHOR]

This comparison is not restricted to Mumbai and Shanghai but also to Bangalore and Hangzhou, Delhi and Beijing and so on. The Chinese and Indian economies are expected to be the growth engines of the global economy. In this process cities are expected to play an important role, through their transformation into “World Class” cities, a term now doing rounds in the policy circles in Mumbai, to be achieved through massive infrastructure investments made in them. In China, this has been possible because of the decentralized administrative and fiscal system in China. In contrast, in India, the system of urban infrastructure is currently evolving and making a transition from a centralized to a decentralized system. This paper: (i) compares the Chinese and Indian financial systems to explain differences in the quantum of funds available in cities in both countries; (ii) looks at urban responsibility allocations in terms of institutions; and (iii) compares capital investments made by one city each in the two countries, in Beijing (China) and in Mumbai (India). Edited by Xinyu Fan [ABSTRACT FROM AUTHOR]

The paper examines the effect of inequality on growth among the subnational states in India. Theoretically, growth of the regional economy is driven by productive public investment in the provision of health and education services financed by a linear output tax, and the optimum tax rate is determined by the median voter. In contrast to existing results, the authors obtain an ambiguous relationship between initial inequality and subsequent economic growth. Analysis of the Indian state-level data suggests that rural inequality influences growth of total output more than urban inequality, and does so negatively. The indicator of intersectoral inequality is more important in explaining sectoral output growth. [ABSTRACT FROM AUTHOR]

Renewable energy technologies (RETs) are attractive for sustainable energy supply and CO[sub 2] mitigation. In this paper, a CGE model is used to analyze the effects of rapid reduction of costs of solar power generation, an important RET, in India. Alternate scenarios of cost reduction of solar power, hybrid scenarios with a carbon tax and a scenario of only carbon tax are compared with a reference scenario. Simulation results show that under such a scenario, high penetration of solar technology, economic gains, and modest emission reduction are achieved. The analysis shows that compared to accelerated solar technology scenario, a carbon tax achieves superior mitigation. Broad policy implications for developing countries are drawn in the context of global climate change debate. [ABSTRACT FROM AUTHOR]

Over the past few decades, cities and city regions have become the core of the global economy. Regional governments are increasingly drafting city development policies and implementing them through various visioning documents with the aim of making cities more global, networked and competitive. Welfarist governments especially in the global South are becoming increasingly entrepreneurial, and in the process poor citizens are getting pushed to the margins, evicted from their land and relocated to city fringes. Hyderabad in India provides an interesting illustration of neoliberal development trends in which poor local farmers are forced off their land to make way for a 'world-class' knowledge enclave, popularly known as Cyberabad. This paper examines the policies and processes by which the regional government has sought to brand Hyderabad as a world-class information technology destination and to restructure and reimagine it as a key node in a network of 'globally connected cities' of the world. It also considers the making of Cyberabad in terms of splintering urbanism, which is often understood as a defining feature of contemporary neoliberal urban processes. [ABSTRACT FROM AUTHOR]

Regional disparities are an alarming issue in India, and it has been widening in spite of various policy initiatives by the government to develop backward areas. The fruit of high growth have not been distributed fairly across India's different regions and have given rise to the threat of regional inequality. Disparities in social and economic development, employment, and infrastructure amenities across the regions and within regions have been a major challenge to policy makers and economists. This paper is an attempt to understand the recent picture of regional imbalance in India across its states. The paper tries to analyze the existing regional disparity in India in terms of macroeconomic aggregates, social and economic infrastructure, and human development. The paper also examines the various policy initiatives taken by the government of India to achieve the regional balance in development. [ABSTRACT FROM AUTHOR]

This paper applies different approaches to modelling sources of economic growth from time series and panel data sets for 10 Asian countries over the period 1970-2010. After being subjected to fragility tests, the cross-country estimates indicate that investment, together with policy variables and openness to trade, explains about 90 per cent of the estimated 3.2 per cent steady-state growth rate for the region. Regional growth policy points to expanding trade, supporting financial development, and maintaining sound investment environments. Although country-specific growth effects vary, the results imply that different estimation methods, combined with fragility tests, can help establish stronger links between growth theory and policy advice. [ABSTRACT FROM AUTHOR]

In this paper, the relationship between electricity consumption ( LEC) and economic growth ( LGDP) using Autoregressive Distributed Lag ( ARDL) model and Granger causality within error correction framework in India over the period 1970-1971 to 2009-2010 are analysed. The results of these tests exhibit the existence of long-run equilibrium relationship and bilateral causality in case of India. Then, Hodrick- Prescott filter is used to decompose the data into trend and cyclical (fluctuation) components of electricity consumption and economic growth. The results of decomposed series revealed that both series are cointegrated with the strong evidence of bidirectional causality, implying that trend and cyclical components are strongly correlated with business cycles in India. From these findings, we conclude that the feedback hypothesis is applicable in case of India. Therefore, government should undertake necessary policy measures to augment the investment in power sector from existing level and more importantly the emphasis should also be given on the efficient use of electricity. [ABSTRACT FROM AUTHOR]

In this paper we concentrate on FDI and argue that the contrasting FDI policies in Brazil and India can be traced back to differences in the respective colonial (or semi-colonial) experiences of the two nations during the 19th century. Our comparative analysis of FDI in Brazil and India shows the importance of historical and institutional awareness in gaining an understanding of the manner in which each society perceived the role of foreign investments in their societies. By doing this, we gain an understanding of the reasons these countries adopted different attitudes and policies towards foreign capital. [ABSTRACT FROM AUTHOR]

This paper uses life history narratives to explore the multiple and overlapping scales and sites through which the cosmopolitan subjectivities of activists in local Indian NGOs are constituted. We particularly emphasise the 'intermediate' status of the activists, and the ways their positioning shapes their subjectivities in diverse ways over time and place. We draw on the idea of a strategic cosmopolitanism to consider the multiple ways their cosmopolitanism shapes the negotiation of development from their intermediate position, and to reflect on the normative and political possibilities that emerge from this process. [ABSTRACT FROM AUTHOR]

The oil-rich Arab countries of the Gulf Cooperation Council (GCC) have rapidly expanded their economic relations with Asian countries recently, particularly China and India. The main reason behind this development is that the regions complement each other in several dimensions. China and India are the fastest-growing, oil-consuming nations in the world, while GCC countries have the largest proven deposits of oil and gas. The GCC is interested in China and India as reliable oil customers over the long-run and the latter look at the GCC as reliable suppliers of oil and gas. The two regions are also attracted to each other because both are enjoying strong economic growth and offer many investment opportunities to the other. It is expected that GCC economic relations with China and India will grow stronger in the coming decades and serve as a good example of South-South economic cooperation for other developing countries. [ABSTRACT FROM AUTHOR]

This paper presents projections of motor vehicles, oil demand, and carbon dioxide (CO) emissions for India through the year 2040. The populations of highway vehicles and two-wheelers are projected under three different scenarios on the basis of economic growth and average household size in India. The results show that by 2040, the number of highway vehicles in India would be 206-309 million. The oil demand projections for the Indian transportation sector are based on a set of nine scenarios arising out of three vehicle-growth and three fuel-economy scenarios. The combined effects of vehicle-growth and fuel-economy scenarios, together with the change in annual vehicle usage, result in a projected demand in 2040 by the transportation sector in India of 404-719 million metric tons (8.5-15.1 million barrels per day). The corresponding annual CO emissions are projected to be 1.2-2.2 billion metric tons. [ABSTRACT FROM AUTHOR]

This paper examines the impact of foreign aid on the process of economic development in India by controlling for the degree of financial liberalization. A composite index is constructed using the method of principal component analysis to capture the joint influence of various financial sector policies. The results show that while foreign aid exerts a direct negative influence on output expansion, its indirect effect via financial liberalization is positive. Therefore, an important implication of the findings in this paper is that adequate liberalization in the financial system of the host country is a crucial requirement for effective foreign aid. Our results are robust to a number of control variables and estimation techniques. [ABSTRACT FROM AUTHOR]

This paper explores how economic ideas are produced, how they travel, and how they are contested, in complex and contingent ways, in particular places. It stems from events that took place in coastal Andhra Pradesh, India, where I conducted fieldwork on microfinance programs during 2007. I begin by tracing how the practices of microfinance—and the ideas and rationalities underpinning them—have been increasingly globalized as a development tool since the 1970s. I then move on to describe the proliferation of various microfinance programs across Andhra Pradesh over the last decade. In the closing section, I consider the implications of a recent protest that took place against commercial microfinance institutions in the region. [ABSTRACT FROM AUTHOR]

The paper examines livelihood conditions and explores policy options for mitigating poverty among tribal communities in Gujarat state, which is experiencing rapid economic growth and widening disparities where tribals are the most poor and deprived. While labour force diversification and migration are important coping mechanisms, these alone may not help lift a large number of the poor out of the poverty trap, which to a large extent is linked to degradation and lack of proper entitlement for managing and using forest resources among these communities. Forest-based livelihood options assume special significance especially in the wake of the emerging policy framework for adaptation and mitigation of climate change, where the main thrust could be on combining regeneration and conservation of forests with right kind of incentives for ensuring sustainable management and use of forest resources within the region. The mechanism of ‘compensated conservation’ proposed by India could prove very useful in this context. Copyright © 2009 John Wiley & Sons, Ltd. [ABSTRACT FROM AUTHOR]

The sustained improvement in the underlying conditions for growth for more than two decades has resulted in lifting the Indian economy from the bottom of the growth heap to one of the fastest growing economies in the world. This paper presents the factors that have contributed to the growth acceleration in India over the past 25 years and the challenges faced by the growth process in the years ahead. The inadequate and poor quality of infrastructure, particularly electricity, the emerging scarcity of skilled labor, and a lagging agricultural sector pose serious medium-term challenges to the sustainability of high growth, while management of the macroeconomic environment poses more immediate challenges in view of the proliferation of unsustainable and sometimes invisible subsidies, sharp increases in the world prices of food and fuel, and pressure on the exchange rate executed by strong capital inflows. [ABSTRACT FROM AUTHOR]

This paper provides a profile of the Philippine business process outsourcing (BPO) sector, makes comparisons with India and other BPO providers, and summarises the results of an input−output analysis of the Philippine BPO industry's inter-sectoral linkages and its potential impact on compensation and employment. The input−output analysis shows that the BPO industry is not a key sector in terms of stimulating production in other sectors of the Philippine economy. Growth in the sector's revenues, however, can have a significant impact on compensation and employment. If appropriate policies are enacted and human capital improved, it is estimated that the Philippine BPO sector may become an important employment-generating sector. [ABSTRACT FROM AUTHOR]

This paper examines the relationship between the growth rates of household saving, public saving, corporate saving and economic growth in India using multivariate Granger causality tests. The conventional wisdom suggests that the causality flows from saving to economic growth. We show that the causality goes in the opposite direction for India. Hence, higher saving is the consequence of higher economic growth and not a cause. Such evidence is consistent with models of habit formation. Copyright © 2007 John Wiley & Sons, Ltd. [ABSTRACT FROM AUTHOR]

The article presents information on a seminar on high technology and the labor market held in New Delhi, India. This seminar was organized by the International Institute for Labour Studies and the Indian Council of Social Science Research. It brought together an informal network of academics, policy-makers and trade unionists concerned with the relationship between high-technology industrialization, labour markets and general issues of economic and social development. Much of the debate was dominated by discussion of the Indian experience, although China also was represented by a strong contingent. Three main issues discussed were the role and likely impact of high-tech industrialization for India and China, autarkic versus more open paths to development, and the significance of state policy. Whether high-tech should or could play a major role in a country's development was a major concern of the Indian participants. However Chinese participants were more convinced about the positive aspects of both high-tech and world economy connections.

This paper examines the effects of India's reservation policy to help the small-scale enterprises. Empirical tests showed three main results. Firstly, reservation has increased the number of production units, per item produced. Secondly, the units that produce mainly reserved items have higher levels of installed capacities, than those making mainly unreserved items, but the former do not have higher levels of production, thereby resulting in significantly lower levels of capacity utilisation. Thirdly, reservation has not helped reduce the problem of closures of small units. The empirical results suggest that reservation may have brought little help to production and employment in the small-scale units nor to the consumers of their products, while at the same time it may have restricted production and employment in the large units. Thus reservation may have caused a loss in overall economic welfare. Copyright © 1999 John Wiley & Sons, Ltd. [ABSTRACT FROM AUTHOR]

In Goa, India, I worked with an environmental 'action' group, actively supporting their opposition to what they perceived to be environmentally inappropriate government-sponsored development. Resistance to such kinds of development by the poor and the powerless abounds in this region, although it often stops short of open defiance or protest. Feminist participatory research, as a method of social investigation that involves relatively powerless members of society as full and active participants, may be an effective tool in mobilizing this latent resistance for social change. As part of my research, I evaluated an ongoing environmental education program intended to mobilize the poor, and such research raises expectations. Women and men I spoke with during the course of the evaluation expected concrete action and ongoing support would be the result of their participation in this project. I examine my role as a white researcher from a faraway land in supporting open resistance to government and business interests, resistance that may meet harsh and unpredictable response. This paper explores the contradictions inherent in attempting to undertake action-oriented work in the context of theoretical research. [ABSTRACT FROM AUTHOR]

Book reviewed in this Article A nstey, V era, and M artin, A nne. An Introduction to Economics-For Students in India and Pakistan. B axa, J akob. Adam Müllers Lebenszeugnisse. B ergler, R einhold (Ed.). Psychologische Marktanalyse. C ampbell, R obert W. Soviet Economic Power C ohen, B enjamin J. Adjustment Costs and the Distribution of new Reserves C outsoumaris, G., W estebbe, R. M., P silos, D., M ichalakis, A., and X anthakis, N. Analysis and assessment of the economic effects of the U. S. -PL 480 Programm in Greece F riedmann, K aren J. German Grain Policies and Prices: G urvitch, G eorges. The Spectrum of Social Time. H eide, H olger. Die langfristige Wirtschqftsplanung in Schweden H elleiner, K arl F. The Imperial Loans H ershlag, Z. Y. Introduction to the Modern Economic History of the Middle East. Leiden H icks, J ohn. Capital and Growth. ISEA. Planification et analyse économiques J ohri, C. K. Monetary Policy in a Developing Economy J oint E conomic C ommittee (Congress of the United States). New Directions in the Soviet Economy K iss, G ábor. Gibt es eine ≪marxistische≫ Soziologie? L ebrecht, R obert G. Automatische Konjunkturstabilisatoren oder be-wusste Konjunkturpolitik ? L eontief, W assily. Input-Output Economics. M alinvaud, E. Statistical Methods of Econometrics M artin, A lfred VON. Mensch und Gesellschaft heute. N eufeld, M aurice F. Poor Countries and Authoritarian Rule. Ø lgaard, A nders. Growth, Productivity and Relative Prices. O ulÈs, F. Economic Planning and Democracy. P opper, K arl R. Logik der Forschung. R obinson, J oan. Economics-An Awkward Corner. S achverstÄndigenrat zur B egutachtung DER GESAMTWIRTSCHAFTLICHEN E ntwigklung. Jahresgutachten S eitz, T ycho. Preisführerschaft im Oligopol. T amagna, F rank. Central Banking in Latin America. T heil, H enri. Economics and Information Theory T illy, R ichard. Financial Institutions and Industrialization in the Rhineland T ouraine, A. (et al.). Workers' Attitudes to Technical Change T ullock, G ordon (Hrsg.). Papers on Non-Market Decision Making. Y eager, L eland B. International Monetary Relations; Theory, History and Policy. Y oung, J ohn P arke. United States Gold Policy: The Case for Change [ABSTRACT FROM AUTHOR]