<p>The contents of this volume add useful dimensions to the ongoing debate on various issues relating to India’s transition to the new economic policy regime.The papers in this volume were written specifically for the National Conference on Industrial Development and Economic Policy Issues, organised by the Institute for Studies in Industrial Development during June 27-28, 2008.The Conference was held in honour of Professor S.K. Goyal and was anchored on his research interests. While some of the contributions deal specifically with the Indian scenario, others provide an overall context for the debate. They are thus an interesting mixture of specifics and the general.</p> <p>&nbsp;</p> <p>Section I deals with the issue of industrialisation and employment especially in the context of increasing importance of the services sector and deceleration of the agricultural sector.</p> <p>&nbsp;</p> <p>Section II examines the historical context of the development of corporate sector in India as well as the present ownership pattern of the sector which has direct implications for industrialisation and distributional aspects respectively.This section also deals with the developments in the banking sector.&nbsp;</p> <p>&nbsp;</p> <p>Section III focuses on the role of foreign direct investment in development and innovation, the performance of different constituents of the corporate sector in terms of exports and India’s preparedness for a free trade agreement with China.</p> <p>&nbsp;</p> <p>Section IV is about globalisation issues in general and India’s experience in this context in particular.&nbsp;</p> <p>&nbsp;</p> <p>Section V focuses on issues relating to poverty and inequality.</p> <p>&nbsp;</p> <p>Section VI covers a different set of issues namely, political and cultural dimensions of the new era.</p>

<p><strong>S.R. Hashim</strong> is Director of Institute for Studies in Industrial Development, New Delhi. His original work on method of measuring capital stock, published in the book Capital-Output Relations in Indian Industries (in co-authorship with Dr. M.M. Dadi) is well regarded in literature as a seminal contribution. He has since extensively worked and written on issues relating to poverty and inequality, water and agriculture and small scale industries.</p> <p>&nbsp;</p> <p><strong>K.S. Chalapati Rao</strong> is Professor at Institute for Studies in Industrial Development, New Delhi. He is a researcher having three decades of experience in studying various aspects of India’s industrial policy and corporate sector.</p> <p>&nbsp;</p> <p><strong>K.V.K. Ranganathan</strong> is Professor at Institute for Studies in Industrial Development, New Delhi. His major areas of research interest are on inward and outward foreign investment and corporate sector.</p> <p>&nbsp;</p> <p><strong>M.R. Murthy</strong> is Professor at Institute for Studies in Industrial Development, New Delhi. His research areas of interest are on corporate sector, capital markets, development financial institutions and foreign investments.</p>

<p><strong>Ashwani Kr. Bansal</strong>, Professor of Law, University of Delhi, Delhi.</p> <p>&nbsp;</p> <p><strong>G.S. Bhalla</strong>, Professor Emeritus, Jawaharlal Nehru University and Former Member, Planning Commission, Delhi.</p> <p>&nbsp;</p> <p><strong>T.P. Bhat</strong>, Professor, Institute for Studies in Industrial Development, New Delhi.</p> <p>&nbsp;</p> <p><strong>G.K. Chadha</strong>, Member, Economic Advisory Council to Prime Minister and Former Vice-Chancellor, Jawaharlal Nehru University, New Delhi.</p> <p>&nbsp;</p> <p><strong>Daniel Drache</strong>, Associate Director, Robarts Centre for Canadian Studies, York University and Professor of Political Science, Toronto, Canada.</p> <p>&nbsp;</p> <p><strong>Marc D. Froese</strong>, Assistant Professor, Candian University College in Albeta.</p> <p>&nbsp;</p> <p><strong>B.N. Goldar</strong>, Professor, Institute of Economic Growth, Delhi.</p> <p>&nbsp;</p> <p><strong>Atulan Guha</strong>, Assistant Professor, Institute for Studies in Industrial Development, New Delhi.</p> <p>&nbsp;</p> <p><strong>S.P. Kashyap</strong>, Visiting Professor, Sardar Patel Institute of Economic and Social Research, Ahmedabad.</p> <p>&nbsp;</p> <p><strong>Vinish Kathuria</strong>, Associate Professor, SJM School of Management, Indian Institute of Technology, Mumbai.</p> <p>&nbsp;</p> <p><strong>Atsushi Kato</strong>, School of Management, Aoyama Gakuin University, Tokyo.</p> <p>&nbsp;</p> <p><strong>Nagesh Kumar</strong>, Director General, Research and Information System for Developing Countries (RIS), New Delhi.</p> <p>&nbsp;</p> <p><strong>Abhilasha Kumari,</strong> Professor, Institute for Studies in Industrial Development, New Delhi.</p> <p>&nbsp;</p> <p><strong>Surajit Mazumdar</strong>, Professor, Institute for Studies in Industrial Development, New Delhi.</p> <p>&nbsp;</p> <p><strong>Niti Mehta</strong>, Associate Professor, Sardar Patel Institute of Economic and Social Research, Ahmedabad.</p> <p>&nbsp;</p> <p><strong>R.K. Mishra</strong>, Director, Institute of Public Enterprises, Hyderabad.</p> <p>&nbsp;</p> <p><strong>D.D. Narula</strong>, Former Member-Secretary, ICSSR, New Delhi.</p> <p>&nbsp;</p> <p><strong>V.R. Panchamukhi,</strong> former Chairman, ICSSR, New Delhi.</p> <p>&nbsp;</p> <p><strong>T.S. Papola,</strong> Delhi Government Chair in Human Development, Institute for Human Development and Hony. Professor, Institute for Studies in Industrial&nbsp;<span style="line-height: 1.6em;">Development, New Delhi.</span></p> <p>&nbsp;</p> <p><strong>Mahua Paul</strong>, Assistant Professor, Institute for Studies in Industrial Development, New Delhi.</p> <p>&nbsp;</p> <p><strong>M. Krishna Prasad,</strong> Secretary General, Forum for Promoting Inclusive Growth, New Delhi.</p> <p>&nbsp;</p> <p><strong>CH. Hanumantha Rao</strong>, Former Member, Planning Commission.</p> <p>&nbsp;</p> <p><strong>C. Narendra Reddy</strong>, Former Political Editor, Financial Express.</p> <p>&nbsp;</p> <p><strong>Y.V. Reddy</strong>, Former Governor, Reserve Bank of India, Mumbai.</p> <p>&nbsp;</p> <p><strong>Satyaki Roy</strong>, Assistant Professor, Institute for Studies in Industrial Development, New Delhi.</p> <p>&nbsp;</p> <p><strong>J.C. Sandesara</strong>, Emeritus Professor, University of Mumbai, Mumbai.</p> <p>&nbsp;</p> <p><strong>Sunanda Sen,</strong> Visiting Professor, Jamia Millia Islamia, New Delhi and Former Professor, Jawaharlal Nehru University, New Delhi.</p> <p>&nbsp;</p> <p><strong>N.S. Siddharthan</strong>, Hon. Professor of Economics, Madras School of Economics, Chennai and Hon. Director, Forum for Global Knowledge Sharing.</p> <p>&nbsp;</p> <p><strong>Zakaria Siddiqui</strong>, Doctoral Student, Center for Operations Research and Econometrics, Université Catholique de Louvain, Belgium.</p> <p>&nbsp;</p> <p><strong>A.K. Singh</strong>, Director, Giri Institute of Development Studies, Lucknow.</p> <p>&nbsp;</p> <p><strong>Harsha V. Singh</strong>, Deputy Director-General, World Trade Organization, Geneva.</p> <p>&nbsp;</p> <p><strong>Nasir Tyabji</strong>, Visiting Professor, Centre for Jawaharlal Nehru Studies, Jamia Millia Islamia, New Delhi.</p>