Industrial Policy Challenges for India

"‘Ably examining the interactions between trade and foreign investment ""liberalisation"" and other industrial policies, and their implications for Indian industrial restructuring, Smitha Francis critically considers Indian participation in global value chains, especially electronics, and with plurilateral ""free trade"" agreements.’ Jomo Kwame Sundaram, former UN Assistant Secretary General for Economic Development ‘India’s economy is delicately poised in the context of today’s globalisation. Smitha Francis’s theme that India urgently needs firm-level industrial policy is well argued, convincing, timely and relevant beyond India.’ Pasuk Phongpaichit, Professor Emeritus in Political Economy, Chulalongkorn University, Bangkok, Thailand ‘A path-breaking book, which undertakes a critical look at the interactions between trade, FDI, global value chains and manufacturing sector in India. A highly recommended book for researchers and policymakers.’ Abhijit Das, Professor and Head, Centre for WTO Studies, New Delhi, India ‘Global production networks have changed forever the way in which cross-border transactions in goods and services are conducted. Smitha Francis has provided a remarkable account of this complex phenomenon with considerable deftness. This volume is a must-read for all students of international economics.’ Biswajit Dhar, Professor, Centre for Economic Studies and Planning, Jawaharlal Nehru University, New Delhi, India"