IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/123214.html

Industrial Development in India under Liberalization

Author

Listed:
  • Mazumdar, Surajit

Abstract

This paper first seeks to establish that no breakthrough in industrialization has coincided with the transition to a liberalized and open economic policy regime since 1991, and then examines the reasons behind this failure of India to break her industrialization impasse. It asserts that the real barrier to Indian industrialization is a severe demand constraint – and liberalization has only aggravated that, including by not eliminating the limitations of the industrial sector that would permit an export-led process of industrial development.

Suggested Citation

  • Mazumdar, Surajit, 2021. "Industrial Development in India under Liberalization," MPRA Paper 123214, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:123214
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/123214/1/MPRA_paper_123214.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Bhagwati, Jagdish, 1993. "India in Transition: Freeing the Economy," OUP Catalogue, Oxford University Press, number 9780198288473.
    2. Mazumdar, Surajit, 2008. "Investment and growth in India under liberalization: Asymmetries and Instabilities," MPRA Paper 19629, University Library of Munich, Germany.
    3. Arvind Virmani, 2004. "India's economic growth: From socialist rate of growth to Bharatiya rate of growth," Indian Council for Research on International Economic Relations, New Delhi Working Papers 122, Indian Council for Research on International Economic Relations, New Delhi, India.
    4. Tendulkar, Suresh D. & Bhavani,, 2007. "Understanding Reforms: Post 1991 India," OUP Catalogue, Oxford University Press, number 9780195687118.
    5. Sudip Chaudhuri, 2015. "Premature Deindustrialization in India and Re thinking the Role of Government [La désindustrialisation précoce en Inde : pour un nouveau rôle du gouvernement]," Working Papers halshs-01143795, HAL.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mazumdar, Surajit, 2011. "The State, Industrialization and Competition: A reassessment of India's Leading Business Enterprises under Dirigisme," MPRA Paper 47810, University Library of Munich, Germany.
    2. Mazumdar, Surajit, 2017. "The Indian Economy in the Second Decade of the 21st Century: Signs of a Crisis?," MPRA Paper 93164, University Library of Munich, Germany.
    3. Mazumdar, Surajit, 2012. "The State, Capital and Development in ‘Emerging’ India," MPRA Paper 36413, University Library of Munich, Germany.
    4. Matthew McCartney, 2009. "‘Episodes’ or ‘Evolution’," Journal of South Asian Development, , vol. 4(2), pages 203-228, July.
    5. Mazumdar, Surajit, 2015. "The Low Wage Trap of Indian Manufacturing," MPRA Paper 93163, University Library of Munich, Germany.
    6. Mazumdar, Surajit, 2011. "Continuity and Change in Indian Capitalism," MPRA Paper 38907, University Library of Munich, Germany.
    7. Aradhna Aggarwal & Nagesh Kumar, 2012. "Structural Change, Industrialization and Poverty Reduction: The Case of India," Development Papers 1206, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) South and South-West Asia Office.
    8. Blackburn, Keith & Forgues-Puccio, Gonzalo F., 2009. "Why is corruption less harmful in some countries than in others?," Journal of Economic Behavior & Organization, Elsevier, vol. 72(3), pages 797-810, December.
    9. Arvind Virmani, 2009. "China’s Socialist Market Economy: Lessons for Democratic Developing Countries," Working Papers id:1899, eSocialSciences.
    10. Patibandla, Murali, 2006. "Equity pattern, corporate governance and performance: A study of India's corporate sector," Journal of Economic Behavior & Organization, Elsevier, vol. 59(1), pages 29-44, January.
    11. Aidt, Toke & Jayasri Dutta, 2002. "Policy compromises: corruption and regulation in a dynamic democracy," Royal Economic Society Annual Conference 2002 1, Royal Economic Society.
    12. Keith Blackburn & Rashmi Sarmah, 2006. "Red Tape, Corruption and Finance," Economics Discussion Paper Series 0639, Economics, The University of Manchester.
    13. Thomas, Mini P, 2019. "Measurement of Investment Contribution of Service Sector in India’s Economic Growth," MPRA Paper 103702, University Library of Munich, Germany.
    14. repec:kqi:journl:2018-2-1-2 is not listed on IDEAS
    15. Siddiqur Osmani, 2009. "Explaining Growth in South Asia," Chapters, in: Gary McMahon & Hadi Salehi Esfahani & Lyn Squire (ed.), Diversity in Economic Growth, chapter 3, Edward Elgar Publishing.
    16. Surajit Mazumdar, 2010. "Industry and Services in Growth and Structural Change in India: Some Unexplored Features," Working Papers 127, Institute for Studies in Industrial Development (ISID).
    17. Gaurav Datt & Martin Ravallion & Rinku Murgai, 2020. "Poverty and Growth in India over Six Decades," American Journal of Agricultural Economics, John Wiley & Sons, vol. 102(1), pages 4-27, January.
    18. Manmohan Agarwal & John Whalley, 2013. "The 1991 Reforms, Indian Economic Growth, and Social Progress," NBER Working Papers 19024, National Bureau of Economic Research, Inc.
    19. Akhand Akhtar Hossain, 2009. "Central Banking and Monetary Policy in the Asia-Pacific," Books, Edward Elgar Publishing, number 12777.
    20. de Vries, Gaaitzen J. & Erumban, Abdul A. & Timmer, Marcel P. & Voskoboynikov, Ilya & Wu, Harry X., 2012. "Deconstructing the BRICs: Structural transformation and aggregate productivity growth," Journal of Comparative Economics, Elsevier, vol. 40(2), pages 211-227.
    21. Arogyaswamy, Bernard & Manchanda, Deepak, 1998. "A strategic balance of tradition and technology: An ayurvedic firm in modern India," Business Horizons, Elsevier, vol. 41(6), pages 41-48.

    More about this item

    Keywords

    ;
    ;
    ;

    JEL classification:

    • N6 - Economic History - - Manufacturing and Construction
    • N65 - Economic History - - Manufacturing and Construction - - - Asia including Middle East
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:123214. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.