240 pages | 2 B/W Illus.
This book is one of the first critical analyses of the automobile industry in India. It studies the sector in general and the passenger car industry in particular, and provides valuable insights into the operation of Foreign Direct Investment (FDI) companies in a technology-intensive industry under changing economic regimes. The volume underlines the influence of the changing nature of foreign investment, the impact of economic reforms, technology regimes and industrial policy on growth, structural changes and development. It offers a detailed account of the trade performance of manufacturers in India’s passenger car industry. It also looks at successful cases to draw policy lessons towards encouraging quality FDI and developing India as a base for world production.
A useful addition to industry studies in India, this book with its wide coverage and contemporary analyses will interest scholars and researchers of economics, Indian economy and industrial policy, industrial economics, automobile industry and manufacturing sector, development economics and international economics. It will also appeal to policymakers, practitioners and industrial associations.
‘The major merit of the book is that it analyses both pre- and post-reform periods and questions the view that the passenger car industry in India is an example of success of liberalization.’
Sudip Chaudhuri, Professor, Indian Institute of Management Calcutta, Kolkata, India
‘Jatinder Singh’s book is an important study on one dimension of the changing face of Indian capitalism. A follow-up study on the grave environmental implications of increasing supply of and demand for cars should be the logical outcome.’
Pritam Singh, Professor of Economics, Oxford Brookes Business School, Oxford, UK
‘A seminal contribution on India’s passenger car industry in a context wherein industry-specific studies are the need of the hour to deepen our understanding on what ails India’s manufacturing sector.’
K. J. Joseph, Professor and Ministry of Commerce Chair, Centre for Development Studies, Thiruvananthapuram, Kerala, India
List of Tables and Figure. List of Abbreviations. Preface and Acknowledgements. 1. Introduction 2. Exploring the Basics: Development of Passenger Car Industry in the Changing Regulatory Framework 3. Restructuring of Passenger Car Industry 4. Technological Development of Passenger Car Industry (1981–2000) 5. Technological Development of Passenger Car Industry Since 2000 6. Foreign Presence and Balance of Payments (1981–2000) 7. Contribution of Foreign Firms to Balance of Payments Since 2000: Net Importers or Exporters? 8. MUL and Hyundai: Two Special Cases 9. Conclusion and Policy Implications. Annexure. Bibliography. Index
At a time when countries of the South Asian region are in a state of flux, reflected in far-reaching economic, political and social changes, this series aims to showcase critical analyses of some of the central questions relating to the direction and implications of those changes. Volumes in the series focus on economic issues and integrate these with incisive insights into historical, political and social contexts. Drawing on work by established scholars as well as younger researchers, they examine different aspects of political economy that are essential for understanding the present and have an important bearing on the future. The series will provide fresh analytical perspectives and empirical assessments that will be useful for students, researchers, policy makers and concerned citizens.
The first books in the series cover themes such as the economic impact of new regimes of intellectual property rights, the trajectory of financial development in India, changing patterns of consumption expenditure and trends in poverty, health and human development in India, and land relations. Future volumes will deal with varying facets of economic processes and their consequences for the countries of South Asia.