India is the second most populous country in the world and also one of the poorest. From the late 1940s to 1980, India's per capita income grew at an average annual rate of only two percent. Expansionist economic reforms during the 1980s boosted economic growth but also unfortunately resulted in high inflation and a balance of payments crisis. As a consequence, in 1991 the government announced sweeping new changes in economic policies. Economic Policy Reforms and the Indian Economy evaluates the effects of those changes and identifies areas of the Indian economy still in urgent need of reform. After an overview of Indian economic policies and development since independence, papers focus on the country's fiscal situation, the environment for private economic activity, education, the reservation of certain activities for small-scale industry, and determinants of differentials in rates of growth across the different Indian states. Contributors include respected academic specialists on India and policy reform, high-level Indian administrators, and present and past policymakers.

This Book Provides A Holistic View About The Small-Scale Entrepreneur And The Problem Of Bankruptcy.

Study conducted at Dindigul and Madurai districts of Tamil Nadu, India.

This book presents a set of analytical and deeply policy-oriented articles on the dynamics of growth and performance of micro and small enterprises in India during the period of reforms. It provides fairly detailed analyses of policy changes for the micro and small enterprises secotr as well as empirical analyses of performance and efficiency of the unorganised manufacturing sector. it examines a range of emerging and persistent complex issues facing this crucial sector including credit, exports, trade regulations, capacity building, subcontracting, clustering, entrepreneurship and rural industrialisation. Focusing on the constraints facing this sector even during the economic reforms, most of the articles analyse how and why special attention, particularly by the state, needs to be paid towards enhancing firm competitiveness. Broad-basing the benefits of policy interventions to the overwhelmingly present yet left out micro enterprises, including rural areas, forms an important concern. This volume attempts to critically examine critical areas of intervention that could open up possibilities of developing a strong micro and small enterprises sector in India.

Revised version of papers presented at the Workshop on Comparative Study on the Small and Medium Scale Industry in India and Japan, held at Tokyo during 8-9 March 1996.

In India, for a planned economy, greater emphasis has been placed on industrial development since the early years of planning. The second Five Year Plan accorded high priority to rapid industrialisation with particular emphasis on low development of basic and heavy industries. Since then attempt have been made to strengthen the industrial base of the country for a more rapid advancement. Rural Industrialisation is a concerted effort made in this direction. Small-scale industries have been occupied an important place in the planned process of industrialisation in Indian economy as they can be easily dispersed over rural and economically backward areas and can help in raising incomes.