The global capitalism has entered into a new and distinct phase, wherein liberalisation, privatisation and globalisation (commonly called LPG) is a central theme. Almost every country, particularly the developing countries, are on the agenda of international monopolies and international financial capital which are controlled and regulated by the industrially developed nations. The vulnerable economies all over the world are being forced to liberalise their economies resulting in unfavourable balance of competitive forces on their side. Free trade rules are dismantling the ‘License Raj’ meant for business and industry under the dictate of global corporations. Market forces have been given once again a primacy to make the major economic decisions. “The free trade systems of small producers and poor consumers are being dismantled and being made illegal in order to create free trade systems for big business and global corporations.”1 All these have been the outcome of certain policy initiatives and developments that have taken place at the national and international level especially since the 1980s.

Contributed articles on women employees in economic development process in South Asia.

Contents: Economic Reforms and Youth Unemployment in India, New Economic Policy and Service Sector, Employment Implications of Economic Reforms, Emerging Problems of Employment Generation in the Era of Economic Reforms, Impact of New Economic Policy on Service Sector, Employment in Organised and Unorganised Sector, Economic Reforms and Rural Industries in India, Women Workers in Petrol Bunks at Madurai City, New Economic Policy, The Impact of Economic Reforms on Rural Employment Opportunities, Impact of New Economic Policy on Service Sector with Reference to Early Childhood Care and Development, Rural Employment in India After Economic Reforms, Economic Reforms and Labour Force Participation in Rural Sector, Economic Reforms and Employment, Human Resource Development in the Context of Economic Reforms Relating to Information Technology, Impact of Reforms on Social Indicators in India, Impact of Economic Reforms on Dalits in India, Entrepreneurship Development Under Liberalisation, Impact of Micro Credit Scheme An Economic Reform, Entrepreneurship Development Under Liberalisation, Globalisation and Human Development, Post Reform India, Human Resource Development in the Context of Economic Reforms, Globalisation and Stress Management, Redundancy, Redeployment of Manpower and Training Among Various Sectors in and Around the City of Chennai, Economic Reforms, Transformation of Local Human Resources to Cope with Economic Liberalisation and Globalisation, Economic Reforms and HRD in India, Economic Reforms and Human Resource Development in India, Redundancy, Redeployment of Manpower and Training in Banking Industries, Human Resource Development in the Context of Economic Reforms in India, Employment in Small Scale Industries During Post-Reforms Period.

Since 1991, the Indian economy has been exposed to economic liberalization and globalization in line with structural adjustment and stabilisation policies initiated by IMF and World Bank. This analysis outlines the controversial shift in Indian economic policy from State-oriented development strategy to market-oriented development that leaves decisions of production and distribution to be made by the market.

This book revisits some of the persisting challenges of development of India, which remain unresolved even after twenty-five years of economic reforms and almost fifteen years of high growth rate. These include defining purpose of development, inequality, labour, work, unemployment, agrarian distress and migration. The book questions the overemphasis on growth to the extent of neglecting basic issues of development. With a number of contributions re-imagining development and its political economy, the book discusses above mentioned issues in light of new data and more recent conceptions of the issues. The contributors of this volume are eminent researchers in their respective field. Presenting primary as well as secondary data, the book considers the latest advances and research and also addresses new challenges like the global reorganization of production and the consequences for labour and the world of work, along with skills question. World of work has received detailed investigation in this book. This is a timely addition in existing literature especially in context of pandemic and lockdown. Informality and un/employment question is addressed in this context. Relationship among poverty, inequality and growth is examined in light of newer understanding. Agrarian distress is looked in a broader context. A number of papers are examining migration question by expanding coverage of migration and including labour mobility as apart of migration debate. The present crisis of migrant labour and absence of social security for these workers is also discussed. This book is primarily intended for those interested in recent advances on some of the basic aspects of development, like poverty, inequality, informality, word of work, migration and labour mobility. It is also useful for researchers, policy makers, journalists and civil society organizations working on these issues.

The authors have produced an outstanding book on economic reforms in China and India. . . This book is a wealth of information on this crucial issue, thus filling this important gap in the literature on economic reform, and also adding more knowledge to the literature on the history of economic development processes in China and India. . . [this book] will be of interest to both scholars of the economic reforms and those more generally interested in the social political changes occurring there. Tulus Tambunan, Journal of Asian Business Economists Chai and Roy have produced a well-written, properly documented study of the comparative development of India and China over the last 50 years. . . The book will be useful to graduate students in Asian studies and economic development. Policy makers in other developing countries can also benefit from this account of the experiences of two major emerging economies under different economic and political systems. Recommended. Graduate, research, and professional collections. J.S. Uppal, Choice Recent acceleration of the Indian economic growth rate from 6 to 8 per cent has sparked worldwide speculation that India is about to catch up with China and become another Asian miracle economy. Economic Reform in China and India examines this prospect, reviewing the development strategies pursued by the two countries over the last 50 years in general and exploring recently introduced reform measures in particular. The culmination of many years of research by specialists in these economies, this book assesses the performance of China and India at both macro and sectoral levels (including economic, social, political and environmental aspects). It illustrates the reasons why China has outperformed India in the past and identifies the obstacles that India will face in its attempts to catch up with China. Providing solutions for China and India that can be applied to other developing countries, this book will be invaluable for researchers, academics and students focussing on economic development and Asian studies. It will also receive much attention from investors and government analysts interested in the strategic implications of the emergence of the two Asian economic giants.

Contributed research papers presented at national seminar held on Feb. 28-29, 2008 at Babasaheb Bhimrao Ambedkar University, Lucknow.

During the last two decades, India has experienced a high growth rate, but the contribution from productivity growth and technological progress has been very low. This has resulted in a poor performance in the employment generation in the formal sector, and this book examines this phenomenon and the Indian growth pattern. Using primary and secondary data, the book looks at the impact of economic reform on technological change and total productivity growth, and in turn its impact on the labour market. It examines the effect of trade reform on the form and functioning of labour markets, and goes on to look at the impact of the global financial crisis on the Indian labour market. Offering interesting modelling exercises and empirical verifications that bring fresh ideas and new content, this book is of interest to academics in the fields of development economics, international economics and South Asian studies.