A Study of Indian Business Ventures Abroad

2003 ◽  
Vol 7 (1) ◽  
pp. 9-23
Author(s):  
Ritu Srivastava ◽  
Krishna Kumar
Keyword(s):  
Joint Ventures ◽  
Global Economy ◽  
World Economy ◽  
Economic Reforms ◽  
Global Market ◽  
Significant Shift ◽  
Economic Policies ◽  
Mode Of Operation ◽  
Global Player ◽  
Wide Gap

India started opening its economy a decade ago to integrate with the global economy. Several economic reforms have been undertaken during this period with the hope that India will soon emerge as a global player. There is a need to review the developments and take necessary corrective action. It is necessary because globalisation and integration with the world economy is a double-edged sword. If necessary care is not taken, the country may become only a global market rather than emerging as a global player. This paper examines the patterns of Indian Business Ventures Abroad, both in the form of subsidiaries and joint ventures over a period of 50 years since independence. The analysis reveals that there has been a significant increase in the activity. The ventures, however, have been concentrated in only a few, about a dozen, countries. The study also shows that there is a noticeable preference towards subsidiary mode of operation. Further, there are country-wise patterns of preferences towards use of joint ventures and subsidiary modes. The study also reveals that there is a significant shift in the mix of activities, tilting from high risk manufacturing to low risk trading and software development. It is also observed that there is a wide gap between the number of ventures approved and actually implemented. A comparison has also been drawn between Indian Business Ventures Abroad and the Foreign Business Ventures in India during the pre and the post-liberalisation era. This is complemented with the patterns of export/import ratio in the respective periods. The two together indicate that the reforms in economic policies undertaken so far seem to be leading to India fast becoming a global market rather than emerging as a global player. The paper then suggests that there is a need for intensive studies for developing policy and strategic interventions to strengthen India's business ventures abroad and to help India emerge as a global player.

Modinomics in India

Asian Survey ◽  
2019 ◽  
Vol 59 (3) ◽  
pp. 548-572
Author(s):  
Shalendra D. Sharma
Keyword(s):  
Economic Integration ◽  
Global Economy ◽  
Financial Sector ◽  
Economic Reforms ◽  
Economic Policies ◽  
Indian Economy ◽  
Global Economic Integration

An assessment of Modi’s economic policies (“Modinomics”) shows that the gap between intentions and outcomes remains wide because Modinomics has been too cautious and contradictory to overcome the unusual structural challenges facing India’s economy. Moreover, the contradictions of Modinomics, which privileges trade protectionism and selective financial-sector liberalization, limits the potential gains from deeper global economic integration. This article argues that deepening economic reforms, including integration into the global economy, can help mitigate the structural impediments facing the Indian economy.

scholarly journals Informatization of global economic development and place of Ukraine in the information environment

2019 ◽  
Keyword(s):  
Economic Development ◽  
Information And Communication Technologies ◽  
Global Economy ◽  
World Economy ◽  
Communication Technologies ◽  
Global Market ◽  
Development Index ◽  
The World ◽  
Information And Communication ◽  
The Impact

This publication studies the impact of information and communication technologies on the global economy; using the main Indices (Network Readiness Index, Global Innovation Index, E-Government Development Index, E-Participation Index and ICT Development Index) the authors analyzed at a on information society development. Information and communication technologies are an integral part of the global economy; the decisive factor of the country's economic development is the level of ICT use in various areas of public life. The fact of the transition from the “old industrial order” to the “new economy”, which affects the processes of production, processing and transmission of information, transforming the economy, politics and culture in the modern world, becomes obvious. The rapid development and spread of new ICT technologies acquire the nature of the global information revolution. This leads to an irreversible transformation into a new post-industrial type of society. The main idea of this research is relevant within the scientific and practical terms. The subject of the research is the informatization of global economic development. The purpose of the research is to study informatization processes and to analyze ICT as a resource of the modern development of the world economy. The object of the study is the dynamics of the informatization process development and the detailed analysis of the impact of ICT on the world economy. The scientific methods are a system analysis, a factor analysis and a graphical method. The study reveals new components of the world economy and countries’ positions on the global market. The authors conclude that due to the development of ICT, almost all areas of the economy, which have an impact on the development of states and people's welfare, are getting intensified.

India and the World Economy

China–India ◽  
2014 ◽  
Author(s):  
Vijay Joshi ◽  
Devesh Kapur
Keyword(s):  
Global Economy ◽  
World Economy ◽  
Economic Policies ◽  
Closed Economies ◽  
China And India ◽  
The People ◽  
The World ◽  
Global Action ◽  
Direction Effect ◽  
Opening Up

The paper aims to analyse three questions which arise naturally in examining India’s closer engagement with the world economy in the last two decades. First, how has it evolved and what is its extent? Second, what is its impact on India? Third, what is its impact on the world? Evolution and Extent: For four decades after independence, India’s economic policies had a marked autarkic bias and by 1990 it had become one of the most closed economies in the world. A major goal of the historic reforms launched in 1991 was to reintegrate the country into the global economy, and there has been a progressive move in this direction Effect on India: In post-independent India, many sceptical voices made dire predictions about the effects of opening up, such as deindustrialisation and destabilisation of the economy, and impoverishment of the people. After opening-up, these alarming prophecies did not materialise. Undesirable features of India’s development, such as inadequate poverty alleviation despite rapid growth, have domestic causes and are not the result of globalisation. Effect on the World: India’s effect on the world economy is growing but has to be seen in the context of China’s simultaneous rapid rise. It is very likely that on all the major contentious global economic issues such as exchange rate coordination, trade liberalisation, and climate change mitigation, global action will have to involve the participation of China and India. For good or ill, China and India will matter in the 21st century both for each other and for the world.

World Economy: A Quest for the New Growth Model

2014 ◽  
pp. 3-12
Author(s):  
S. Afontsev
Keyword(s):  
Growth Model ◽  
Global Economy ◽  
World Economy ◽  
Social Institutions ◽  
Growth Patterns ◽  
Economic Policies ◽  
Cheap Labor ◽  
Major Shift ◽  
Capital Intensive

As a consequence of the global crisis, a major shift to the new growth model is under way in the world economy. The article analyses principal changes in the role of resources, technologies, institutions, and economic policies in shaping new growth patterns in developed as well as developing markets. With human capital and capital intensive technologies replacing cheap labor and natural resources as principal sources of comparative advantage, global economy is likely to be rebalanced in favor of richer countries. The resulting adjustment calls for more flexible regulatory rules and social institutions, while growth-friendly economic policies at subnational level are expected to complement (and sometimes substitute for) more traditional national policies.

The Role of Technological Change in the Long-run Global Economy Forecasting

2013 ◽  
pp. 97-116 ◽  
Author(s):  
A. Apokin
Keyword(s):  
Technological Change ◽  
Data Quality ◽  
Long Range ◽  
Global Economy ◽  
World Economy ◽  
Qualitative Approaches ◽  
Long Run ◽  
The World ◽  
National Economies

The author compares several quantitative and qualitative approaches to forecasting to find appropriate methods to incorporate technological change in long-range forecasts of the world economy. A?number of long-run forecasts (with horizons over 10 years) for the world economy and national economies is reviewed to outline advantages and drawbacks for different ways to account for technological change. Various approaches based on their sensitivity to data quality and robustness to model misspecifications are compared and recommendations are offered on the choice of appropriate technique in long-run forecasts of the world economy in the presence of technological change.

Potentials for demographic dividend and rapid economic growth in Mali: What policy scenario would yield the greatest dividend?

2018 ◽  
Vol 15 (1) ◽  
pp. 7-15
Author(s):  
Clifford O. Odimegwu ◽  
Emmanuel O. Olamijuwon
Keyword(s):  
Family Planning ◽  
Economic Reforms ◽  
High Fertility ◽  
Economic Policies ◽  
Access To Education ◽  
Demographic Dividend ◽  
Policy Scenario ◽  
Rapid Economic Growth ◽  
Per Capita ◽  
The Cost

Abstract The demographic changes occurring in Mali, evident in high fertility but declining mortality rates have raised optimism about the prospects of reaping demographic dividend. However, it remains unclear how soon and what policy scenario would yield the largest demographic dividend in the country. We used a demographic-economic model “DemDiv” to assess the prospects of reaping a demographic dividend in Mali by 2050. We illuminate this further by examining the cost and implications of different combination of education, family planning and economic policies. The results show that by increasing access to education, family planning services coupled with strong economic reforms, Mali’s GDP per capita will be $27,044 by 2050. This high per capita GDP is almost thrice the benefit of prioritising only economic reforms. Mali would also have a GDP of $977 billion. These findings highlight the need for sound demographic and market-oriented economic policies for Mali to reap a large demographic dividend by 2050.

Competitiveness in the era of global digitalization

2020 ◽  
pp. 30-40
Author(s):  
E. Smirnov
Keyword(s):  
International Economic ◽  
International Business ◽  
World Economy ◽  
Development Strategies ◽  
Global Market ◽  
Antitrust Policy ◽  
Economic Dynamics ◽  
Digital Platforms ◽  
The World

In the context of digitalization in the world, competition is intensifying, lead-ing to a significant transformation of international business and a change in the development strategies of global digital platforms in the global market. The article analyzes and summarizes the prevailing approaches to competition and antitrust policy in the context of the “platformization” of the world economy and its impact on international economic dynamics.

Cyclic Economic Dynamics and Deflationary Phenomena: Analysis and Forecasts

2018 ◽  
pp. 48-62
Author(s):  
Руслан Гринберг ◽  
Ruslan Grinberg ◽  
Леонид Гринин ◽  
Leonid Grinin ◽  
Андрей Коротаев ◽  
...  
Keyword(s):  
Economic Crisis ◽  
Global Economy ◽  
World Economy ◽  
Control Mechanisms ◽  
Economic Dynamics ◽  
Western Economy ◽  
The World

The modern deflationary phenomena in the western and global economy are attributed to the fact that currently it is at the downward phase of the fifth long K-wave. Deflation has always been typical for the depressive periods in economy; presently it also manifests itself as the world economy has turned global, yet it lacks any control mechanisms. The authors suppose that a new economic crisis will break out in the western economy in the second half of 2018–2019 and that the depressive and deflationary trends will continue for another number of years.

The World Economy through the Lens of the United Nations

2018 ◽  
Keyword(s):  
World War Ii ◽  
United Nations ◽  
Global Economy ◽  
World Economy ◽  
Social Conditions ◽  
Policy Recommendations ◽  
The Past ◽  
The World ◽  
World Economic ◽  
The United Nations

This volume documents the intellectual influence of the United Nations through its flagship publication, the World Economic and Social Survey (WESS) on its seventieth anniversary. Prepared at the Department of Economic and Social Affairs (DESA) and first published in 1948 as the World Economic Report (subsequently renamed the WESS), it is the oldest continuous post-World War II publication of this kind, recording and analysing the performance of the global economy and social development trends, and offering relevant policy recommendations. This volume highlights how well WESS has tracked global economic and social conditions, and how its analyses have influenced and have been influenced by the prevailing discourse over the past seven decades. The volume critically reflects on its policy recommendations and their influence on actual policymaking and the shaping of the world economy. Although world economic and social conditions have changed significantly over the past seven decades and so have the policy recommendations of the Survey, some of its earlier recommendations remain relevant today; recommendations in WESS provided seven decades ago seem remarkably pertinent as the world currently struggles to regain high levels of employment and economic activity. Thus, in many ways, WESS was ahead of the curve on many substantive issues. Publication of this volume will enhance the interest of the wider community of policymakers, academics, development practitioners, and members of civil society in the analytical work of the UN in general and UN-DESA in particular.

Indian Muslim(s) After Liberalization

2019 ◽  
Author(s):  
Maidul Islam
Keyword(s):  
Economic Development ◽  
Free Market ◽  
Political Leadership ◽  
Economic Reforms ◽  
Turn Of The Century ◽  
The Political ◽  
Economic Policies ◽  
Multiple Forms ◽  
Muslim Identity ◽  
Economic Changes

Close to the turn of the century and almost 45 years after Independence, India opened its doors to free-market liberalization. Although meant as the promise to a better economic tomorrow, three decades later, many feel betrayed by the economic changes ushered in by this new financial era. Here is a book that probes whether India’s economic reforms have aided the development of Indian Muslims who have historically been denied the fruits of economic development. Maidul Islam points out that in current political discourse, the ‘Muslim question’ in India is not articulated in terms of demands for equity. Instead, the political leadership camouflages real issues of backwardness, prejudice, and social exclusion with the rhetoric of identity and security. Historically informed, empirically grounded, and with robust analytical rigour, the book tries to explore connections between multiple forms of Muslim marginalization, the socio-economic realities facing the community, and the formation of modern Muslim identity in the country. At a time when post-liberalization economic policies have created economic inequality and joblessness for significant sections of the population including Muslims, the book proposes working towards a radical democratic deepening in India.

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