Industrialisation for Employment and Growth in India: Lessons from Small Firm Clusters and Beyond

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R. Nagaraj (Indira Gandhi Institute of Development Research, Bombay)

Industrialisation for Employment and Growth in India

Lessons from Small Firm Clusters and Beyond

R. Nagaraj (Indira Gandhi Institute of Development Research, Bombay)

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English

Cambridge University Press
07 October 2021

Economics of industrial organisation; Labour economics; Economic growth; Development economics; Political economy

India initiated liberal economic reforms in 1991 to transform a slow-growing, state-led economy into an open, export-oriented industrialising economy. Though economic growth has accelerated, industrialisation has suffered from the manufacturing sector's share and labour intensive sectors failing to improve in India's exports. The government launched the Make in India initiative in 2015 aimed at raising the manufacturing sector's share in GDP to 25 percent, and to create an additional 100 million jobs by 2022. Though official estimates show an optimistic image of small scale industries, they do not explain why India failed to boost industrial production as expected of the reforms. Why did they fail to keep the domestic market, let alone expand exports? What would it take to meet the ambitious policy goals of the initiative? This book attempts to address these questions. It looks at a series of case studies of the small industry to obtain an in-depth understanding of specific industries and locations to draw meaningful conclusions.

Edited by: R. Nagaraj (Indira Gandhi Institute of Development Research Bombay)
Imprint: Cambridge University Press
Country of Publication: United Kingdom
Dimensions: Height: 236mm, Width: 159mm, Spine: 23mm
Weight: 530g
ISBN: 9781108832335
ISBN 10: 1108832334
Pages: 260
Publication Date: 07 October 2021
Audience: Professional and scholarly , Undergraduate
Format: Hardback
Publisher's Status: Active

R. Nagaraj is retired Professor of Economics at the Indira Gandhi Institute of Development Research, Bombay. He has worked extensively on India's economic growth and industrialization, public sector performance and industrial labour market. He coedited Political Economy of Contemporary India with S. Motiram that was published by the Press in 2017.