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Accelerators of India's Growth—Industry, Trade and Employment
This book offers a collection of distinguished contributions that identify current growth accelerators in India, and suggest policies and strategies to make India’s growth more sustainable and inclusive. The papers are divided into three sections, the first of which focuses on issues related to industrial growth in India. The discussions include India’s industrial development (manufacturing, construction and mining); role of manufacturing; global value chains; and of environment in industrial development. In turn, section II deals with issues related to trade and FDI as accelerators of India’s growth. The respective chapters explore the changing patterns of trade, impacts of technology, and spill-over effects of FDI, to name but a few. Lastly, the third section discusses employment-related issues like measurement of labour input, the dichotomy of the Indian labour market, the nature of firms and employment generation, and impacts of technology on employment. Given its scope and focus, the book offers an invaluable resource for researchers and policymakers alike.
Wages and Labour Productivity in Indian Organised Industry
The linking of wages with productivity has occupied a centre stage especially after the New Economic Policy of 1990 in India. Though wages and other components like bonus, etc are still determined to a large extent by statutory bodies and collective bargaining, productivity is entering into many wage agreements especially in private organised sector. As a result wage rate is higher in the organised sector than what it would have been in neo-classical market clearing model. To find the inter-relationship between wages and labour productivity in the Indian industry for the period 1974-75 to 1994-95, the Granger and Akaike criterion have been used. The empirical analysis finds a unidirectional analysis from Wages to Productivity.
Wages and Productivity in Indian Public Enterprises
It is generally believed that the compensation of workers employed in the organised sector in general and public sector in particular is not necessarily linked to their economic contribution in the productive process. It is accepted that most the enterprises belonging to the organised sector follow efficiency wage criterion to achieve their organisational goals. In the public sector enterprises, it is widely believed that the relationship between wages and their productivity get eroded; as the workers are better organised and enjoy a higher proportion of non-wage component in their compensation packages. The advantage is earned because of their capacity to earn rent as a consequence of lobby...
The Status of Self-employed and Casual Workers in India
The labour has been the hardest hit by COVID19 in all the countries of the World. While labour is broadly categorised into regular & salaried workers and casual workers in developed countries, we also have a third category of workers in developing countries, i.e., self-employed workers. In India, the share of self-employed in total employment in 2021-22 is more than fifty five percent and another 23 percent are casual workers. The share of regular workers is only 21.5 percent. India, has a lot of workers in the informal sector without any social security. These workers are the most vulnerable in any catastrophe. As a result, these self-employed, and casual workers were and still are the wors...
Globalization, Labour Market Institutions, Processes and Policies in India
This book explores the effects of product market and labour market reforms on firms, labour institutions and labour rights in the economic and industrial relations system in India. India has over the years liberalized its economy through a broad range of reforms concerning the product market and complementing these it has also sought to reform the labour market and the industrial relations system. The book assesses the impact of these reforms on both the formal and informal labour markets in India, critically examines the labour processes and uncovers/describes precarious conditions of labour in various industries and occupations, and analyzes the dynamics involved in the making of industrial, employment and labour policies in contemporary India.
Indian Economic Development and Business
ABOUT THE BOOK The last decade of the 20th century was momentous in the economic history of India as it witnessed a successful transition of India from a controlled, inward looking, and slow growing economy to a liberalised and open economy that has now found a place amongst the fastest growing economies in the world. Responding to the macroeconomic crisis of late 1980s, a programme of liberalisation, privatisation, and globalisation was initiated in July 1991. The purpose of these economic reforms was two-fold: (a) to restore macroeconomic stability on both domestic and external fronts and (b) to place the economy on a higher growth path through enhanced levels of investment, and improvements in productivity, efficiency and competitiveness. The present volume contains scholarly contributions from a cross-section of experts on India?s economic policy and business environment. The wide-ranging topics discussed in the volume provide an insight into the present state of the Indian economy and its future prospects.
Inclusive Growth in India - Learning from Best Practices of Selected Countries
Globally, there is a clamour for creating a more inclusive world and India is also a frontrunner. Government of India is fully committed to its resolve towards achieving inclusive growth. To achieve this goal, efforts are being made to harmonise the national development priorities with international efforts and a number of policies, strategies, programmes / schemes and actions have been implemented at the national level. In this context, this paper analysis India's current position in achieving inclusive growth and sustainable development vis-a-vis 17 selected developed and developing countries including the Turkey, South Africa, Mexico, Brazil, China, Korea, Indonesia, United States, United...
Labour and Capital Use in Indian Manufacturing
This book strengthens our understanding of Indian manufacturing. It argues that structural transformation should be guided by the given factor endowments. The book undertakes detailed empirical scrutiny to provide inputs for guiding the future industrial policy in India. The book recognises the differential structure of organised and unorganised manufacturing with their distinguished response to the use of labour and capital. The analytical framework consists of an economy-wide approach and structural relationships at the industry level. The underlying sectoral interdependence highlights the job creation potential of domestic manufacturing, which spreads into the non-manufacturing sectors th...
Labour, Employment and Economic Growth
"Discusses some key aspects in the interrelated areas of economic development, employment and structural change"--
