India's economy amidst the global economic crisis

Abstract

Global capitalism made possible the expansion of economic processes that spread to all parts of the world and transformed many regions into economic areas reigned by the principle of free market. ASEAN integration facilitated such process in the region and as a consequence political and state boundaries do not only become porous but also transforms people and communities into either consuming subjects or commodities. Reviewing kinship mode of production as the characteristic nature of production systems of ASEAN communities, the paper argues for possible alternative production organizations and arrangements that are much more culturally attuned to traditional forms of economic life.

Post reforms dynamics in India's labour market

“…As against, 4.5% growth rate between 1950-51 and 1983-84, the services sector witnessed 6.4% growth rate between 1983-84 and on an average, more than 8% growth rate between 1993-94 and 2011-12. As a matter of fact, during the crisis period (2008-2011) also, when there had been large decline in the growth rate of many a developed economy the economy of India remained resilient (Giri and Sinha, 2014). The economy of India also witnessed faster structural transformation in the reforms era compared to the pre-reforms era.…”

Prioritising factors for manufacturing growth in India: an analytic network process approach

“…'Make in India' (Chattopadhyay, 2015) -the new initiative by the leaders is potentially transformative and can be viewed as synonymous to an accelerated growth of manufacturing in India. The literature survey indicates that there are many factors which impact the manufacturing domain (Ojha et al, 2014;Giri and Sinha, 2014;Dangayach and Deshmukh, 2001). The barriers to the growth of the small manufacturing firms in India have been lack of financing, regulatory issues and infrastructure (Gill and Mand, 2013).…”