GLOBALISATION INCLUSIVE GROWTH AND INDIAN ECONOMY issues and Policies

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1 GLOBALISATION INCLUSIVE GROWTH AND INDIAN ECONOMY issues and Policies

2 Contents Preface List of Contributors Introduction xi xiii xvii PART I GLOBALISATION : THE CONTEXT, CONCEPT AND THE CONTENT 1. Expanding Opportunity, Widening Inequality and Distribution of Income under Economic (Market) Globalisation 1 T. Lakshmanasamy 2. Indian Economy in the Era of Globalisation 30 Pitspa Tarafdar 3. Rent Seeking, Corruption and Economic Growth : Discussion of Some Issues 48 C. Ratnam and P. Lakshmi Narayana 4. Human Capital and Economic Growth : Issues and Challenges 57 Satyanarayana

3 vi Globalisation Inclusive Growth and Indian Economy 5. Revenue Smoothing Hypothesis in the Indian Economy : Some Empirical Evidence 63 Narain Sinha. - - PART II ECONOMIC DEVELOPMENT AND GROWTH PERSPECTIVE OF GLOBALISATION 6. Globalisation and Economic Growth in India and East Asia with Special Reference to China : A Comparative Analysis 77 Prankrishna Pal 7. Indo-World Scenario : Emerging Global Trend 93 S.K. Dhange and B.G. Lobo 8. Globalisation and Economic Development : Experience of Developing Countries 112 Manjit Singh and P.S. Raikhy 9. Globalisation, International Competitiveness of Indian Industry : A Case Study of Jamnagar Brass Part Industry 132 Sandip P. Solanki 10. Globalisation is Boon or Bane to India 142 Irfana Samdani 11. Endogenous Growth Theory and Economics of Outsourcing 151 Preeti Singh 12. Impact of Globalisation on Indian Agriculture 163 M. Sampath Kumar Raju and A. Ranga Reddy 13. Human Capital and Economic Growth in Indian States during Globalisation 176 Hanagodimath S.V., Manakatti D.P. and Honakeri P.M.

4 Contents vii 14. New Theory of Economic Growth : Endogenous Growth Model 184 M. Saravanakumar and A. Kathiresan 15. New Growth Theory in the Indian Economy 199 V. Anbumani and K.B. Pradeesh PART III GLOBALISATION : A COMPARATIVE REGIONAL DIMENSION 16. Special Economic Zones (SEZs) in India : Problems and Policies 211 Jagadish S. Talawar and Sumangala B. Naik 17. Causality between Public Debt and Economic Growth Under Liberalisation in India 220 K. Subramanian, M. Soundarapandian and D. Bose' 18. Comparative Study of India-China Banking Sector : Growth Experiences and Reforms 235 Sanhita Athawale 19. Economies of Scale in Institutional Borrowing : An Empirical Study in Davangere District of Karnataka State 246 K.B. Rangappa, Hanumanthappa and A.L. Sandesh 20. Inclusive Growth under Globalisation Constraints and Challenges 258 Sukhanandi Praful A. and Tanchak R.R. 21. Effects of Corruption on Indian Economic Development 268 M. Raju and D. Gopalsatny

5 viii Globalisation Inclusive Growth and Indian Economy PART IV GLOBALISATION : SOME CASES OF INSTITUTIONAL DISTORTIONS 22. Corruption and Economic Growth 279 S. Natchathira Jothi 23. Human Capital and Growth 283 P. Thiagarajan 24. Corruption and its Impact on Economic Growth 296 Shyam Sunder Singh Chauhan, Deepa Rawat and Sanjeev Bharadwaj 25. Corruption and Economic Growth 316 Satyabrata Mishra 26. India and China : A Comparison of Growth Strategy and Experience 329 Sandhya Rastogi 27. Globalisation and Industrial Competitiveness : A Cross-Country Analysis 345 R. Balasubramaniyan 28. Growth and Challenges of Human Capital in India in the Period of Globalisation 358 Pardeep Kumar 29. Economic Globalisation and Developing Countries: Stability or Conflict? 370 Manjushri Gupta and Anjila Gupta PART V GLOBALISATION AND THE ISSUE OF INCLUSIVENESS : INDIAN EXPERIENCES 30. Role of Human Capital in Facilitating Economic Growth with Special Reference to India's Services Sector 383 Debdeep De and Shaily Verma

6 Contents ix 31. Economic Development and Human Capital in India 399 Balbir Singh 32. Gender and Globalisation : Some Observations 412 C. Muthuraja 33. Growth and Trade Theories and Globalisation of Agriculture : A Review 421 B.H. Nagoor and P.S. Mundinanani 34. Cross-country Differentials in Growth and the Role Human Capital : An Empirical Analysis Based on Neo-classical Approach 433 Ratan Kumar Ghosal 35. New Economy : A New Rule Across the Globe 471 Amitava Sarkar 36. Poverty and Inequality in India and China in the Era of Globalisation 493 D. Rudrappan 37. Towards Paramvaibhavam : (Under the Theme of Growth Theory and Globalisation of India 507 Pushpa Ranade 38. Impact of Globalisation on Telecommunication Service Revenue and Economic Growth of India : Empirical Evidence 518 Smruti Bulsari Index 531

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