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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]

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]

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]

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]

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 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]

A stylized prediction of the development economics discourse is that informality will disappear with development, and yet in the last 20 years conventional measures of informality, far from declining, have either remained stagnant or have actually increased. This includes countries such as India where economic growth has been at historically high levels. What exactly is informality and what are its magnitudes and trends? What are the causes of informality and why is it not decreasing as predicted by standard theories of development? What are the consequences for inclusive economic growth of a large and increasing informal sector? What are feasible and desirable policy responses to informality? These are the questions that motivate this broad based overview of informality. The questions will be addressed based on recent and ongoing research on India and globally. [ABSTRACT FROM AUTHOR]

We show that foreign capital liberalization reduces capital misallocation and increases aggregate productivity for affected industries in India. The staggered liberalization of access to foreign capital across disaggregated industries allows us to identify changes in firms' input wedges, overcoming major challenges in the measurement of the effects of changing misallocation. Liberalization increases capital overall. For domestic firms with initially high marginal revenue products of capital (MRPK), liberalization increases revenues by 23%, physical capital by 53%, wage bills by 28%, and reduces MRPK by 33% relative to low MRPK firms. The effects of liberalization are largest in areas with less developed local banking sectors, indicating that inefficiencies in that sector may cause misallocation. Finally, we propose an assumption under which a novel method exploiting natural experiments can be used to bound the effect of changes in misallocation on treated industries' aggregate productivity. These industries' Solow residual increases by 3–16%. [ABSTRACT FROM AUTHOR]

The present study examines the dynamic linkage between financial development and economic growth by taking saving as an intermediary variable in the case of India using annual data from 1970 to 2018. The result indicates the existence of long‐run cointegrating relationship between financial development economic growth. Result from the long run granger causality test reveals unidirectional causal flow from economic growth, savings (both total and private savings) and financial development. On the other hand, financial development also causes economic growth but not through savings. The short‐run causality test results show that economic growth granger causes financial development, but there is no causal flow from financial development to economic growth. Economic growth Granger causes savings (both domestic and private savings) but the savings does not cause economic growth. Bidirectional causalities run from financial development to savings and vice versa. The study concludes that savings can be taken as an important intermediary to run tri‐variate financial‐growth nexus. [ABSTRACT FROM AUTHOR]

Public finance deals with the finances of governments. With the objective of ensuring social welfare and economic development, the governments raise money through revenue and capital sources and spend it on various social welfare activities and asset creation. In India, the economic reforms were implemented to usher in faster economic development through global competitiveness. This article intends to identify whether the economic reforms have created a visible effect on Government of India's finances. The study period of four decades is divided into four segments, namely, pre‐reforms, post‐reforms phase 1, phase 2, and phase 3. Though the tests show that the finances significantly varied over the three periods, there was no significant variation in the annual growth rates of these figures. The outcome of the current study is expected to bring about innovative policy interventions to accelerate the receipts, to control the expenditures and to contain the government deficits at aggregate level. The study also reveals the need for further studies to analyse it at decomposed level to get more conclusive results and to suggest policy interventions. [ABSTRACT FROM AUTHOR]

The development of stock markets in the financial sector has been important. The expansion of stock markets has compelled various researchers to analyze its relationship with the economic process and development of countries. The studies have revealed that the performance of stock markets in a nation has a positive correlation to its economic growth. Bearing this relationship in mind, studies are being undertaken to recognize the elements responsible for stock market development in several nations. The researchers all around the world are trying to better understand determinants so that government establishments can create and target policies that may help the development of stock markets which further helps in economic development of the state. Throughout the past three decades, the global stock markets surged, and emerging markets played a vital role in this boom. Recent researches have begun to concentrate on the linkages between the stock markets and economic development. There has been an extensive analysis of the connection between the stock market and economic growth, but there is a dearth of theoretical empirical proof on what determines stock exchange development. Keeping in view the importance of stock markets in the development of economic development, the researchers in the present study have tried to bring out the factors that play a positive role in the development of stock market. [ABSTRACT FROM AUTHOR]

This article presents a multidimensional account of the politics of resource extraction in two subnational regions of India in response to the question: what are the political conditions that facilitate extraction? Emerging from the same moment of state creation in 2000, Jharkhand and Chhattisgarh are adjacent mineral‐rich states with similar demographic profiles and comparable levels of economic development. The authors argue that despite these similarities and India's highly centralized legislative framework for natural resource governance, the two states have developed distinctive 'extractive regimes' in the years since statehood, which contrast in important ways across three dimensions: political organization and history, institutional effectiveness, and the nature and management of social resistance. The article offers the first in‐depth, comparative account of how subnational territorial reorganization in India acts as a critical juncture enabling the formation of extractive regimes, which have also converged in important ways in recent years. [ABSTRACT FROM AUTHOR]

The classical economic development literature argues that growth is accompanied by a reduction in agriculture's share and an increase in nonagriculture's share of employment. Yet growth of the nonfarm sector does not necessarily signal increasing levels of development, as the sector may serve as subsistence employment for many individuals. This ambiguity is heightened by a surprising lack of microevidence regarding sectoral and occupational choice and, especially, how government policies impact these decisions. In this article, I make a simple observation regarding how nonfarm self‐employment reacts to market conditions: households and individuals that enter into nonfarm self‐employment for subsistence reasons are more likely to exit the sector when wages increase or when more stable employment becomes available. With this assumption as a starting point, I examine the effects of the Mahatma Gandhi National Rural Employment Guarantee Act, which increased prevailing wages in rural India. The program significantly decreases days spent in nonfarm self‐employment. In addition, the implied labor elasticity is three times higher than economy‐wide estimates, suggesting rural nonfarm self‐employment is a sector of last resort for many individuals. Additional analyses suggest this impact is driven primarily by two mechanisms: higher wages and alternative options for risk‐management. [ABSTRACT FROM AUTHOR]

This study empirically examines the cointegrating relationship among variables, viz. carbon emission, economic growth, square of economic growth, primary energy supply, financial development and trade openness in India, with a view to validate the Environmental Kuznets Curve (EKC) hypothesis. The results based on ARDL bounds testing approach to cointegration find no credence to EKC hypothesis, for the period 1971–2016. This indicates that the relationships between carbon emission and economic growth are not significant, and therefore, the EKC hypothesis does not hold in the case of India. Furthermore, the study establishes a significant positive relationship between energy supply and carbon emission. A proportionate increase in energy supply causes more than proportionate increase in carbon emission. In order to cope up with the positive impact of energy on carbon emission, the study suggests that the country needs to expedite the process of enhancing the capacity of renewable and clean energy generation. [ABSTRACT FROM AUTHOR]

Nowadays, developing economies are becoming the preferred destination of foreign direct investment (FDI) inflow. We draw insights from Dunning's eclectic paradigm to explore how FDI inflow is influenced by the quality of the physical infrastructure and human resources of the host country. We investigate various India-specific infrastructural factors affecting FDI inflow between 1991 and 2010. Our empirical findings indicate that factors like railway transportation and road network as well as the quality of human resources played a crucial role in attracting FDI. However, air transportation or communication infrastructure is yet to play a significant role. Our study makes a modest attempt to identify areas of concern and scope for the further improvement of India's infrastructure facilities to attract foreign investment in the future. © 2016 Wiley Periodicals, Inc. [ABSTRACT FROM AUTHOR]

Sometimes the design of a policy is responsible for not achieving the desired results, and not really the implementation, which usually receives the blame. [ABSTRACT FROM AUTHOR]

The article discusses socially responsible investments and developments in the field micro finance with its intersections with the political and regulatory environment in India. Topics include initiatives to provide financial services to the poor communities in India like the farmers, microcredit programs and their significance to women's empowerment, and the politics surrounding economic development.

An interview with sociologist Ramachandra Guha is presented. When asked about what brought him into becoming a sociologist and why his economics training doesn't reflect in his work he refers to the many personalities who had influenced his career. Guha believes that lately he is more of a historian. He also comments on India's pattern of development.

This article examines the dynamics of the income-distribution pattern in India during the post-1991 economic reforms. It considers district-level per-capita income data across agriculture, manufacturing, services, and various constituent sub-sectors, and finds evidence in favour of a uniform process of growth across sectors and regions, which has helped to reduce poverty. In particular, the article finds that growth in agricultural income and access to finance are important for this. [ABSTRACT FROM AUTHOR]

This article addresses the imperative of food security in India in the context of persistent prevalence of malnutrition despite several years of rapid growth. In particular, the article posits that the recent promulgation of the National Food Security Act in September 2014 to meet this challenge also offers an opportunity to reconfigure its food distribution system and agricultural trade policy. These two issues pose the greatest and most immediate challenges for India. The more enduring challenge for India would be to sustain food production to ensure not only adequate quantities, but also to support dietary quality and diversity. [ABSTRACT FROM AUTHOR]

Self-employment in general and microenterprise in particular is evolving as a prospective option for income generation and the reduction of poverty in developing economies such as India. However, a lack of skills among the poor has been identified as one of the key hindrances in promoting microenterprises and, therefore, in reducing poverty. Various initiatives have been taken to promote entrepreneurship among the poor and the present study seeks to examine the role of training in this process. The conclusion is that provision of training alone may not always help in promoting entrepreneurship. The training itself must meet the needs of the trainees, and other strategic variables, particularly access to finance, may need to be in play. [ABSTRACT FROM AUTHOR]

China and India are now emerging as major players in the new international economic order. Their economies are growing at a rapid pace, and increasingly foreign investors are flocking to these countries to capitalize on the emerging opportunities. Although economic and social transformation is under way in these societies, this transformation is occurring within a backdrop of an institutional context that is rather different from what is present in Western societies. We draw upon an institutional theory framework to compare and contrast China and India along the dimensions of the regulatory, normative, and the cognitive dimensions. The regulatory dimension refers to the restrictions or lack thereof that might impact foreign investors and/or the manner in which they are implemented. Normative dimension refers to the dominant cultural norms and values present in a given society, while cognitive dimension pertains to the acceptance or the lack thereof of foreign investment. These dimensions are then posited to impact on the negotiating processes that are characteristic of that society. We compare and contrast the negotiating practices in China with that of India and outline strategies through which foreign investors may manage the negotiating process in these countries more effectively. © 2014 Wiley Periodicals, Inc. [ABSTRACT FROM AUTHOR]

As an intrinsic part of the classic microfinance model, group meetings are intended to employ social capital to ensure timely repayment. Recent research suggests that more frequent meetings can increase social capital among first-time clients. Using randomized variation in group meeting frequency for 174 microfinance groups in India, we demonstrate that social capital gains associated with more frequent meetings continue to accrue across multiple lending cycles. However, these effects are reduced when group members differ in their borrowing history. In addition, clients who start with low levels of empowerment report higher social capital gains when matched with similar clients. We discuss how current microfinance policy debates overlook the creation of social capital, including through repayment meeting frequency, and we encourage regulators to undertake a holistic understanding of microfinance's impacts. [ABSTRACT FROM AUTHOR]

ABSTRACT This article explores transformations of development practice after economic reforms, through an empirical account from Gujarat, western India - the country's poster-state of neoliberal reforms. It draws upon ethnographic fieldwork on the Hariyali watershed development intervention and the delivery of state-sponsored microcredit through the Swarnajayanti Gram Swarozgar Yojana programme in Dahod district, eastern Gujarat. This study of development practice reveals the ascendancy of market rationalities in development agencies; the rise of contracting and subcontracting by a restructured rural bureaucracy; the state's devolution of policy implementation to local political actors; and the deployment of self-governance techniques, specifically notation and inscription technologies, to create self-regulating development subjects. Springing from transformations within the state itself, these changes constitute fundamental shifts in the governance of development. [ABSTRACT FROM AUTHOR]

We offer the first test of the hypothesis that rapid growth helps incumbents win elections for a developing country, India. We generalize the Fair (1978) model to allow for multiple candidates and test it using cross-state data on 422 candidates in the 2009 parliamentary elections. We find quantitatively large and statistically robust effect of growth on the prospects of the candidates of the state incumbent parties to win elections. [ABSTRACT FROM AUTHOR]

The article offers information regarding the electricity scarcity in India. According to Census 2011, 55.3 percent of rural and 92.7 percent of urban households have access to electricity, and the national electrification rate is a minimum 74 percent. 306 million people in India, constituting 25 percent of the total population, lacked any access to electricity in 2011. Implementation of New Policies Scenario(NPS) would significantly enhance the electrification rate in India to 90 percent.

The article offers information on the contribution of informal firms to the economic development process of India. Topics discussed include data set of surveys of 506 micro and small manufacturing and nonmanufacturing firms in the Delhi area by Takashi Kurosaki; comparison between registered and nonregistered micro and small firms; differences in the effects of demonetization on registered and nonregistered groups of firms.