Micro and Small Enterprises in India


Book Description

This book presents a set of analytical and deeply policy-oriented articles on the dynamics of growth and performance of micro and small enterprises in India during the period of reforms. It provides fairly detailed analyses of policy changes for the micro and small enterprises secotr as well as empirical analyses of performance and efficiency of the unorganised manufacturing sector. it examines a range of emerging and persistent complex issues facing this crucial sector including credit, exports, trade regulations, capacity building, subcontracting, clustering, entrepreneurship and rural industrialisation. Focusing on the constraints facing this sector even during the economic reforms, most of the articles analyse how and why special attention, particularly by the state, needs to be paid towards enhancing firm competitiveness. Broad-basing the benefits of policy interventions to the overwhelmingly present yet left out micro enterprises, including rural areas, forms an important concern. This volume attempts to critically examine critical areas of intervention that could open up possibilities of developing a strong micro and small enterprises sector in India.




Labour and Capital Use in Indian Manufacturing


Book Description

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 through the essential accounting of the embodied effects. The impact of import utilisations underscores the leakages in the domestic economy in terms of the employment forgone and capital use, thereby highlighting the need to strengthen domestic production. The book clearly identifies the labour- and capital-intensive categories of manufacturing for empirical investigations. A comprehensive read on labour and capital use in Indian manufacturing, this book in the series Sustainable Industrial Development will appeal to scholars and researchers of economics, applied industrial economics, Indian economy, and business studies. It will also be of interest to professionals and practitioners in policy circles and research think tanks.







Persistent and Emerging Challenges to Development


Book Description

This book covers a wide range of the issues in development studies. Recognizing the existence of manifold challenges in achieving and sustaining economic development, it is divided into four sections—(i) The Macroeconomy: Foreign Trade, Structural Transition and the Environment, (ii) Health and Standard of Living, (iii) Education, Human Capital and Evolution of the Employment Quality in India, and (iv) Banking and Credit: Access, Efficiency and Stability. The book brings together a right mix of senior and young economists who use cutting edge econometric techniques and/ or revisit a perennial question with much sharper focus and tools to unravel insights that are important and will inform tomorrow’s theorisation and policy making. The volume looks at important questions like spatial concentration of low infant and child health outcomes, trade liberalisation and export quality, intergenerational occupational mobility, multidimensional poverty incidence in rural India, robustness of the banking sector, to name a few. To do so, the contributions use novel and esoteric methods like machine learning, spatial econometrics, system GMM, quintile regression and counterfactual decomposition (QRCD), and so on. The rich collection holds importance for researchers and policy makers alike, and also for practitioners working in different developmental sectors..




Informal Women Workers in the Global South


Book Description

Formalising employment is a desirable policy goal, but how it is done matters greatly, especially for women workers. Indeed, formalisation policies that do not recognise gendered realities and prevailing socio-economic conditions may be less effective and even counterproductive. This book examines the varying trajectories of formalisation and their impact on women workers in five developing countries in Asia and Africa: India, Thailand, South Africa, Ghana and Morocco. They range from low- to middle-income countries, which are integrated into global financial and goods markets to differing degrees and have varying labour market and macroeconomic conditions. The case studies, using macro and survey data as well as in-depth analysis of particular sectors, provide interesting and sometimes surprising insights. Despite some limited successes in providing social protection benefits to some informal workers, most formalisation policies have not really improved the working conditions of women workers. In many cases, that is because the policies are gender-blind and insensitive to the specific needs of women workers. The impact of formalisation policies on women in developing countries is relatively under-researched. This book provides new evidence that will be applicable across a wide range of developing country contexts and will be of interest to policymakers, feminist economists and students of economics, labour, gender and development studies, public policy, politics and sociology.




Sarvekshana


Book Description







Rural Labour Mobility in Times of Structural Transformation


Book Description

This book examines essential issues and perspectives on rural labour, helping readers understand the changes that are currently taking place in the labour markets, especially with regard to migrants from rural to urban areas, their socio-economic conditions, factors contributing to such mobility and associated problems. Further, it addresses the question of why the socio-economic conditions of rural labour have not experienced measurable improvements. Presenting a collection of painstakingly researched essays that focus on both India and China, the book addresses these challenges with an explicit focus on safeguarding the interests of rural labour under the neoliberal dispensation. The research is based on primary survey data and analytical issues from selected Asian economies, especially from India. On the basis of the findings discussed, it subsequently suggests ways forward so as to improve the wellbeing of migrant households and put an end to distress migration. Lastly, the book convincingly argues that improving labour market outcomes, and more specifically, generating employment and providing alternative livelihood avenues, represents the most pressing challenge in rural areas.




Asymmetric Demography and the Global Economy


Book Description

The global demographic transition presents marked asymmetries as poor, emerging, and advanced countries are undergoing different stages of transition. Emerging countries are demographically younger than advanced economies. This youth is favorable to growth and generates a demographic dividend. However, the future of emerging economies will bring a decline in the working-age share and a rise in the older population, as is the case in today's developed world. Hence, developing countries must get rich before getting old, while advanced economies must try not to become poorer as they age. Asymmetric Demography and the Global Economy contributes to our understanding of why this demographic transition matters to the domestic macroeconomics and global capital movements affect the asset accumulation, growth potential, current account, and the economy's international investment position. This collaborative collection approaches these questions from the perspective of "systemically important" emerging countries i.e., members of the G20 but considers both the national and the global sides of the problem.