ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

N S SiddharthanSubscribe to N S Siddharthan

Industrial Deceleration and 1998-99 Union Budget

This paper argues that white the emphasis of the budget on small-scale industries, information technology, a level playing field for the Indian firms and a greater role for non-resident Indians is correct the actual measures introduced might turn out to he counter-productive. For reversing industrial deceleration, this paper advocates a thrust on technological change and networking for the small and medium firms, For the public sector this paper suggests that rather than setting a majority of their stocks to private firms at the current depressed stock prices, profit-sharing schemes for workers be introduced through equity sharing. It also advocates encouragement for small and medium firms to set up micro power plants based on molasses, wind and solar energy. To make the stock market more broad-based, remove possible malpractices and increase the small investor's confidence, this paper favours the introduction of compulsory depository system in addition to stock option for workers.

OBITUARY-Shoji Ito

Shoji Ito N S Siddharthan IN the passing of Shoji Ito on June 13. many of us in India have lost an esteemed colleague and a cherished friend, Ito was widely regarded as a leading India expert in Japan. As a true friend of India, he was instrumental in forging several academic collaborations and joint research projects between Japanese and Indian research institutions and scholars. His untimely death is a serious loss to the profession and in particular to Indo-Japanese academic cooperation.

The Budget and Industrial Development

The Budget 1997-98 has failed to focus on institutions that are capable of promoting the growth of the most dynamic sector, dynamic in terms of employment and technology. The focus instead has been on large corporate firms whose role in employment generation and manufacturing has been diminishing in most countries of the world.

Approach to Science and Technology Plan

Approach to Science and Technology Plan N S Siddharthan India needs to develop a plan of action to participate in the current technological revolution that takes into account the main features of the current technology and the changed international environment that emphasises protection of intellectual property and free trade in goods and services.

Technology, Modernisation and Growth-A Study of Indian Corporate Sector, 1975-83

It is argued that expenditure on technology and modernisation would significantly influence industrial growth and profits. This study indicates that the relationship between technology modernisation and industrial performance is a complex one and all the participants in industry may not gain by it.

Industrial Development Issues and Policy Options

Industrial Development: Issues and Policy Options N S Siddharthan One set of economists attribute the tow growth rates of South Asia, and India in particular, to the strategy of import substitution that these economies followed in contrast to what these economists call the export-led growth strategy that the East Asian countries have followed. Thus countries like Japan and South Korea are supposed to have followed export-led growth while India followed an import substitution policy; while the former regimes liberalised externally, the Indian regime was very restrictive in the domestic as well as in the foreign sectors.

Industrial Structure, Non-Price Competition and Industrial Development

and Industrial Development N S Siddharthan The neo-classical economic theory addressed itself mainly to the problem of administering existing structures, in- eluding the industrial structure. The variables it considerered were mostly price variables On the other hand, to Schumpeter, the problem was not one of the administering existing structures, but of the creation and destruction of the structures. Growth and development implied changes in structures, and the variable that influenced structural change, and through it industrial growth and development, were by and large non-price variables. The objective of this paper is to examine the relevance of non-price variables in explaining Indian industrial performance and to draw certain implications for industrial policy.

Industrial Houses, Multinationals and Industrial Policy

Industrial Houses, Multinationals and Industrial Policy N S Siddharthan In formulating policy towards industrial houses, the various industrial policy statements have, by and large, ignored the heterogeneous character of different firms belonging to an industrial house and the possibility of these firms pursuing different objectives because they operate in different market structures characterised by monopoly, oligopoly or competition.

Banking Efficiency and Banking Growth

hanks can be measured in many ways, Khusro and Siddharthan1 recently developed a measure of banking efficiency in terms of the elasticity of hank deposits with respect to advances, i e, the percentage increase in a bank's deposits consequent to a one per cent increase in the advances of the banking system as a whole. This measure had been applied to four commercial hanks in India. Raghavan and Khushi Ham* have more recently extended this application to another 11 commercial hanks and have further shown the linkage between banking efficiency and hanking growth. The present paper combines the theory of both works and demonstrates its applications in relation to all the 15 nationalised commercial banks.3 The data, however, are for the 18 years (1951-68) before nationalisation.

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