| Title: | 06 : Impact Of Foreign Direct Investment On Indian Economy: A Sectoral Level Analysis |
| Author/s: | Maathai K. Mathiyazhagan |
| Abstract: | The main objective of this paper is to examine the long-run relationship of Foreign Direct Investment (FDI) with the Gross Output (GO), Export (EX) and Labour Productivity (LPR) in the Indian economy at the sectoral level by using the annual data from 1990-91 to 2000-01. The study uses the Panel co-integration (PCONT) test and the results demonstrate that the flow of FDI into the sectors has helped to raise the output, labour productivity and export in some sectors but a better role of FDI at the sectoral level is still expected. Results also reveal that there is no significant co-integrating relationship among the variables like FDI, GO, EX and LPR in core sectors of the economy. This implies that when there is an increase in the output, export or labour productivity of the sectors it is not due to the advent of FDI. Thus, it could be concluded that the advent of FDI has not helped to wield a positive impact on the Indian economy at the sectoral level. Thus, in the eve of India's plan for further opening up of the economy, it is advisable to open up the export oriented sectors so that a higher growth of the economy could be achieved through the growth of these sectors. |
| Date: | 17 November 2005 |
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| Title: | 05 : Economic Treansition In a Plural Polity: India |
| Author/s: | Rahul Mukherji |
| Abstract: | How did India effect the transition from import substituting industrialization towards trade-led growth, in the context of a plural polity? It is argued that a pro-trade executive orientation at the time of a severe foreign exchange crisis can enable the executive to initiate significant policy change, if the executive takes advantage of the agreement with the IMF. Both the pro-trade orientation and the arrival of the severe foreign exchange crisis in 1991 are explained by tracing the process from India's path of import substituting industrialization. The exogenous shock, a temporary rise in oil prices in 1990, was less significant than the ISI driven fiscal deficit, for generating the balance of payments crisis. Path reversals need not depend largely on an exogenous shock, as a path may have a built-in tendency to get reversed. The argument highlights the strategic nature of the international and domestic bargaining tables and the need to consider them simultaneously rather than additively. |
| Date: | 16 November 2005 |
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| Title: | 04 : Labour in the New Economy: An Indian Perspective |
| Author/s: | Jayan Jose Thomas |
| Abstract: | This paper is an attempt to understand the key opportunities and challenges to Indian labour in the new economy. India is today a favourite destination for outsourcing of service sector jobs, particularly in the IT sector. There are also encouraging reports about India's growing expertise in high-technology industries. However, the concerns are many. The jobs created in India in the IT sector - estimated to reach 2.4 million in 2008 - are not large enough to make a dent in the problem of unemployment and underemployment that the country faces. It is feared that multinational companies will corner the bulk of the benefits from the new economic changes, including outsourcing, and this will further erode the bargaining strength of labour globally. The rules for international trade, particularly the Trade Related Aspects of Intellectual Property Rights agreement, have produced undesirable outcomes on firms and the poor in developing countries. They have already triggered unprecedented levels of rural distress in many parts of India; they also threaten India's growth prospects in technology-intensive industries. |
| Date: | 19 September 2005 |
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| Title: | 03 : Leading the Private Sector into the Indian Health Sector |
| Author/s: | Maathai K. Mathiyazhagan |
| Abstract: | The health sector in India is at the crossroads today. In line with economic progress and liberalisation, Indian states are pushing for reforms in the healthcare sector. The private health sector’s market size in India is enormous. It contributes to almost 4.2 percent of GDP of India’s total health expenditure (5.1 percent of GDP). In 2001, the ratio of hospital beds to population was 7 beds per 1,000 people. The public hospitals contributed 4 beds per 1,000 people. The ratio of physician to patients is 1:1,000 and every auxiliary nurse midwife has to serve around 4,707 people in the rural areas in India. Further, Indians travel on the average of seven kilometres for the physical accessibility of a primary health centre. |
| Date: | 31 August 2005 |
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| Title: | 02 : Understanding Growth Opportunities in Indian States |
| Author/s: | S. Narayan |
| Abstract: | The recent Comprehensive Economic Cooperation Agreement between Singapore and India, the first such agreement that India has signed with any country, offers a unique advantage to businesses and industry in Singapore to be part of this growth process in India. Taking advantage of these opportunities, however, requires a deeper understanding of how things work in India, and the investment climate in different states of this vast country. |
| Date: | 29 August 2005 |
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| Title: | 01 : Singapore – India Comprehensive Economic Cooperation Agreement: A Summary |
| Abstract: | Singapore and India signed the Comprehensive Economic Cooperation Agreement (CECA) on 29 June 2005 in New Delhi, India. It will enter into force on 1 August 2005. The ministers who are responsible for the negotiations under this agreement will meet within a year of the date of entry into force for a review. This document provides a summary of the key provisions of the agreement. |
| Date: | 12 July 2005 |
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