Globalisation And Economic Development ( 3 Parts)
India had faced a severe economic crisis in 1991, therefore the then government adopted the liberalization policy. Since then several governments have changed at the Centre, but the liberalization and globalization process is going on Today India's nature of growth and development has strongly been influenced due to its integration with the global economy through trade, investment and financial liberalization. In this era of liberalization, globalization and privatisation the Indian economy is consistently registering robust growth in all sectors leading to an impressive growth in GDP. A consistent 8-9% growth rate has been recorded supported by a number of favourable economic indicators including a huge inflow of foreign funds, growing reserves of foreign exchange, both an IT and real estate boom, and a flourishing capital market. However, it is observed that economic benefits of globalisation are being enjoyed only by rich and educated class of the country and majority of the population is not yet benefited from globalistion policy of the country and performance of agriculture and allied sector is also not satisfactory which provides employment to 60 per cent population of the country. Thus the gap between the rich and the poor is widening. This book has been divided into three parts, brings together the key papers on multifaceted issues on globalization and economic development. The book contains 88 papers contributed by scholars who belong to various Universities/Colleges/Institutes located in different regions of the country. The contributors have presented their best analytic studies directly or indirectly connected with different aspects and issues of globalization and economic development. In the first section: Globalization and economic Development, 31 papers examine diverse issues related with globalization and economic development, growth and development of agriculture and allied sector in the context of globalization. In the second section Globalization and Industry 13 papers evaluate the progress of agricultural stagnation, vision 2020 and performance of various industries in the context of globalization. In the third section 15 papers are mainly concerned with Poverty, Income and Employment and growth of unemployment. In section four six papers examine the growth and performance of retail sector in India. In section five 19 papers discuss the progress of FDI inflows in India, disinvestment policy, capital market and financial derrvatives as a tool of risk management. In section six three papers evaluate the progress of Indian tourism industry and in the last section one paper examines the issues related with value added tax revenue efficiency in India.
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