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Development and Sustainability
Sarmila Banerjee • Anjan ChakrabartiEditors
Developmentand Sustainability
India in a Global Perspective
123
EditorsSarmila BanerjeeAnjan ChakrabartiEconomicsUniversity of CalcuttaKolkataWest BengalIndia
ISBN 978-81-322-1123-5 ISBN 978-81-322-1124-2 (eBook)DOI 10.1007/978-81-322-1124-2Springer New Delhi Heidelberg New York Dordrecht London
Library of Congress Control Number: 2013936967
� Springer India 2001, 2013This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part ofthe material is concerned, specifically the rights of translation, reprinting, reuse of illustrations,recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission orinformation storage and retrieval, electronic adaptation, computer software, or by similar or dissimilarmethodology now known or hereafter developed. Exempted from this legal reservation are briefexcerpts in connection with reviews or scholarly analysis or material supplied specifically for thepurpose of being entered and executed on a computer system, for exclusive use by the purchaser of thework. Duplication of this publication or parts thereof is permitted only under the provisions ofthe Copyright Law of the Publisher’s location, in its current version, and permission for use mustalways be obtained from Springer. Permissions for use may be obtained through RightsLink at theCopyright Clearance Center. Violations are liable to prosecution under the respective Copyright Law.The use of general descriptive names, registered names, trademarks, service marks, etc. in thispublication does not imply, even in the absence of a specific statement, that such names are exemptfrom the relevant protective laws and regulations and therefore free for general use.While the advice and information in this book are believed to be true and accurate at the date ofpublication, neither the authors nor the editors nor the publisher can accept any legal responsibility forany errors or omissions that may be made. The publisher makes no warranty, express or implied, withrespect to the material contained herein.
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Dedicated in fond memory ofKalyan Kumar Sanyal(May 12, 1951–February 18, 2012)andPabitra Kumar Giri(October 1, 1955–May 20, 2011)
Preface
This volume is the fall out of a capacity building endeavor initiated in 2007 in theDepartment of Economics of the University of Calcutta, India, under the aegis ofSpecial Assistance Program of the University Grants Commission in the form ofDepartmental Research Support (DRS) over the Eleventh Five Year Plan period(2007–2012). The thrust area was ‘‘Globalization and Sustainable Development’’and the objective was to promote research on sustainable development in face ofglobal connectivity, develop curriculum for research scholars, impart training to theyoung researchers, and build up interactive platform for exchange of ideas. Overthis phase, a number of academicians from different institutions of India came andspent time with our faculty and students as Visiting Scholars and quite a fewresearch methodology workshops were held to provide hands-on training in datamanagement with statistical software. The DRS also organized many seminars andconferences to provide opportunity to disseminate and share research findings forassessing our own progress as well as inadequacies. In the process, it has beenrealized that just like ‘sustainability’ the concept of ‘globalization’ is also a multi-faceted one and they together interrogate the existing paradigm of development byhighlighting the need for accommodating new contexts, issues, organizations, andinstitutions through tailoring appropriate theory and methods to handle them withsufficient analytical rigor. As an illustration of this realization, this volume has beenplanned where most of the articles are jointly written by our faculty and researchscholars in collaboration with our visitors and mentors during this phase.
It is felt that a collection of these articles as an edited volume would serve as agood reading material on the present standing of the economy of India for theadvanced Masters level students and the beginners in the M. Phil./ Ph.D. courses.The research students need to comprehend the process underlying the conceptionand formulation of a research plan on economic development. The experience ofIndia is their readily available subject. They may be familiar with Indian reality,observing unprecedented changes all around, but are not always aware of thecumulative influence of globalization on the economy, polity, and society. Byraising questions from different angles and perspectives, the articles included inthis volume may help them to start exploring the subject better. Other than thestudents, this volume should also be of interest to researchers of Indian economics
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in general, not least because of the wide-ranging topics that are addressed and aconscious emphasis on methodology for examining Indian economic problems.
We are grateful to a number of institutions and individuals who extended theirsupport in completing this project. Mention should be made of the UGC nominees,Professor C. Thangamuthu and Professor N. Lingamurthy, whose constantencouragement and guidance inspired us to remain committed to our goal. Supportand cooperation from our visitors, mentors, in-house members, and the fraternityof Economists at large deserves special mention. Quite a few of them contributedin this volume and many others reviewed the papers, gave impartial assessment,and helped in improving the quality of the final output. The research scholarsassociated with the DRS extended their round-the-clock-cooperation in editing andformatting the final draft. Mention should be made of the enthusiasm and coor-dinated production plan of Ms. Sagarika Ghosh and Ms. Sahadi Sharma ofSpringer India and Ms. Sundari of Scientific Publishing Services (P) Limitedwhich played the most crucial role in making the book available to the reader ontime.
During the tenure of DRS-I we have lost two very dear colleagues of ours,Professor Pabitra K. Giri and Professor Kalyan K. Sanyal. Both of them wereclosely associated with different academic activities undertaken, used to providewise suggestions and insightful advices, and had brilliant analytical mind. Wededicate this book in their fond memory with deep respect and appreciation.
Kolkata, December 2012 Sarmila BanerjeeAnjan Chakrabarti
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Reviewers
Arup Kumar Mallik Honorary Associate, DRS, University of CalcuttaPartha Ray Indian Institute of Management, CalcuttaBrati Sankar Chakrabarti Indian Statistical Institute, KolkataManabendu Chattopadhyay Indian Statistical Institute, KolkataBhaskar Majumder Central University of Bihar, PatnaSwati Ghosh Rabindra Bharati University, KolkataArpita Dhar Jadavpur University, KolkataBhaswar Moitra Jadavpur University, KolkataDipayana Dutta Chaudhuri Indian Institute of Management, IndoreSunanda Sen Jamia Milia Islamia University, New DelhiKausik Chaudhuri Madras School of Economics, ChennaiAmita Majumder Indian Statistical Institute, KolkataPriyodarshi Banerjee Indian Statistical Institute, KolkataPurnamita Dasgupta Institute of Economic Growth, New DelhiBiswajit Chatterjee Jadavpur University, KolkataAnindita Chakrabarti Madras School of Economics, ChennaiRanjita Biswas School of Women Studies, Jadavpur University,
Kolkata
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Contents
1 Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1Sarmila Banerjee and Anjan Chakrabarti
Location of State
2 Rethinking and Theorizing the Indian State in the Contextof New Economic Map . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13Anjan Chakrabarti and Anup Dhar
Global Integration
3 Global Financial Crisis: What Did We Know, What HaveWe Learnt? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53Kumarjit Mandal and Sabyasachi Kar
4 Volatility, Long Memory, and Chaos: A Discussion on some‘‘Stylized Facts’’ in Financial Markets with a Focuson High Frequency Data. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 71Amitava Sarkar, Gagari Chakrabarti and Chitrakalpa Sen
5 Globalization and Labour Markets . . . . . . . . . . . . . . . . . . . . . . . 103Ranajoy Bhattacharyya
Agriculture at Crossroad
6 Production Performance of Indian Agriculturein the Era of Economic Reforms . . . . . . . . . . . . . . . . . . . . . . . . . 125Sankar Kumar Bhaumik and Sk. Abdul Rashid
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7 Under the Shadow: Pricing and Marketing in IndianAgriculture in Globalization . . . . . . . . . . . . . . . . . . . . . . . . . . . . 155R. S. Deshpande
8 Promoting Entrepreneurship Among Women in Agriculture . . . . 189Nilabja Ghosh
Infrastructure and Industry
9 Construction and Engineering Industry in India in PPPRegime with a Special Focus on Airport Development . . . . . . . . . 211Bhaskar Chatterjee and Sarmila Banerjee
10 Performance Evaluation Techniques: An Applicationto Indian Garments Industry . . . . . . . . . . . . . . . . . . . . . . . . . . . 233Simanti Bandyopadhyay and Subrata Majumder
11 Telecommunications Industry in the Era of Globalizationwith Special Reference to India. . . . . . . . . . . . . . . . . . . . . . . . . . 277Debabrata Datta, Soumyen Sikdar and Susmita Chatterjee
12 Market Structure of Crude Steel Industry and India’sPosition in the Era of Globalization . . . . . . . . . . . . . . . . . . . . . . 307Tiyas Mallick
13 Nabadiganta: A New Horizon? Patriarchy, Globalization,and Women’s Agency in the IT Sector . . . . . . . . . . . . . . . . . . . . 321Mousumi Dutta and Zakir Husain
14 Dualism in the Informal Economy: Exploring the IndianInformal Manufacturing Sector. . . . . . . . . . . . . . . . . . . . . . . . . . 339Rajesh Bhattacharya, Snehashish Bhattacharyaand Kalyan Kumar Sanyal
15 Indian Gems and Jewelry Industry: An Enquiryinto the Nature of Competitive Advantage. . . . . . . . . . . . . . . . . . 363Sudeshna Chattopadhyay and Sarmila Banerjee
Exclusion and Social Security
16 On Assessment of Women Empowerment at IndividualLevel: An Analytical Exposition . . . . . . . . . . . . . . . . . . . . . . . . . 385Joysankar Bhattacharya, Sarmila Banerjee and Montu Bose
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17 Sustainable Poverty Reduction: Credit for the Poor. . . . . . . . . . . 401Asis Kumar Banerjee
18 Employment Guarantee and Natural Vulnerability:A Study of MGNREGA in Indian Sundarbans . . . . . . . . . . . . . . 429Prasenjit Sarkhel
19 Inequality, Public Service Provision, and Exclusionof the Poor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 449Sukanta Bhattacharya
Resource and Environment
20 Stakeholder Attitudes and Conservation of NaturalResources: Exploring Alternative Approaches . . . . . . . . . . . . . . . 463Biswajit Ray and Rabindranath Bhattacharya
21 Indoor Air Pollution and Incidence of Morbidity:A Study on Urban West Bengal . . . . . . . . . . . . . . . . . . . . . . . . . 497Sabitri Dutta and Sarmila Banerjee
22 Efficient Pollution Management Through CETP:The Case of Calcutta Leather Complex . . . . . . . . . . . . . . . . . . . . 521Subhra Bagchi and Sarmila Banerjee
Education and Health
23 Embracing the Global Knowledge Economy: ChallengesFacing Indian Higher Education . . . . . . . . . . . . . . . . . . . . . . . . . 537Saumen Chattopadhyay and Rabindranath N. Mukhopadhyay
24 HIV Epidemic: Global Response and India’s Policy . . . . . . . . . . . 561Arijita Dutta
25 The Political Economy of Mental Health in India . . . . . . . . . . . . 581Anup Dhar, Anjan Chakrabarti and Pratiksha Banerjee
Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 607
Contents xiii
Contributors
Subhra Bagchi Vidyasagar College for Women, 39, Sankar Ghosh Lane, Kolk-ata, West Bengal 700006, India, e-mail: [email protected]
Simanti Bandyopadhyay Indian Council for Research on International Eco-nomic Relations, Core-6 A, 4th Floor, India Habitat Centre, Lodi Road, New Delhi110003, India, e-mail: [email protected]
Asis Kumar Banerjee Institute of Development Studies Kolkata, 27/D, BlockDD, Salt Lake, Kolkata 700064, India, e-mail: [email protected]
Pratiksha Banerjee Research Fellow Department of Economics, University ofCalcutta, Kolkata 700050, India, e-mail: [email protected]
Sarmila Banerjee Department of Economics, University of Calcutta, Kolkata700050, India, e-mail: [email protected]
Joysankar Bhattacharya Central University of Bihar, Patna, India, e-mail:[email protected]
Rabindranath Bhattacharya Honorary Associate UGC DRS-1, Department ofEconomics, University of Calcutta and Center for Studies in Social SciencesCalcutta (CSSSC), Kolkata, India, e-mail: [email protected]
Rajesh Bhattacharya South Asian University, New Delhi, India, e-mail:[email protected]
Snehashish Bhattacharya South Asian University, New Delhi, India, e-mail:[email protected]
Sukanta Bhattacharya Department of Economics, University of Calcutta,Kolkata 700050, India, e-mail: [email protected]
Ranajoy Bhattacharyya Indian Institute of Foreign Trade, Kolkata Campus,Kolkata 700091, India, e-mail: [email protected]
Sankar Kumar Bhaumik Department of Economics, University of Calcutta,56A, BT Road, Kolkata 700050, India, e-mail: [email protected]
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Montu Bose DRS Project Fellow, Department of Economics, University ofCalcutta, Kolkata 700050, India, e-mail: [email protected]
Anjan Chakrabarti Department of Economics, University of Calcutta, Kolkata700050, India, e-mail: [email protected]
Gagari Chakrabarti Department of Economics, Presidency University, Kolkata700073, India, e-mail: [email protected]
Bhaskar Chatterjee Larsen & Tubro Limited, Chennai, India, e-mail:[email protected]
Susmita Chatterjee Globsyn Business School, Kolkata, India, e-mail: [email protected]
Saumen Chattopadhyay School of Social Sciences, Jawaharlal Nehru University,New Delhi 110067, India, e-mail: [email protected]
Sudeshna Chattopadhyay Bidhannagar College, Kolkata, India, e-mail:[email protected]
Debabrata Datta Institute of Management and Technology, Gaziabad, India,e-mail: [email protected]
R. S. Deshpande Institute of Social and Economic Changes, Bangalore 560072,India, e-mail: [email protected]
Anup Dhar School of Human Studies, Ambedkar University, Kashmere GateCampus, Lothian Road, New Delhi 110006, India, e-mail: [email protected]
Arijita Dutta Department of Economics, University of Calcutta, 56A, BT Road,Kolkata 700050, India, e-mail: [email protected]
Mousumi Dutta Department of Economics, Presidency University, Kolkata700073, India, e-mail: [email protected]
Sabitri Dutta DumDum Motijheel Rabindra Mahavidyalaya, 208/B/2 DumDumRoad, Kolkata 700074, India, e-mail: [email protected]
Nilabja Ghosh Institute of Economic Growth, Delhi 110007, India, e-mail:[email protected]
Zakir Husain Population Research Centre, Institute of Economic Growth, Delhi110007, India, e-mail: [email protected]
Sabyasachi Kar Institute of Economic Growth, Delhi 110007, India, e-mail:[email protected]
Subrata Majumder Commerce Evening Department, St. Xavier’s College(Autonomous), Kolkata 700016, India, e-mail: [email protected]
Tiyas Mallick Tata Consultancy Services, Bengaluru, India, e-mail:[email protected]
xvi Contributors
Kumarjit Mandal Department of Economics, University of Calcutta, Kolkata700050, India, e-mail: [email protected]
Rabindranath N. Mukhopadhyay Department of Economics, University ofCalcutta, Kolkata 700050, India, e-mail: [email protected]
Sk. Abdul Rashid Raja Birendra Chandra College (affiliated to University ofKalyani), Kandi, Murshidabad, West Bengal, India, e-mail: [email protected]
Biswajit Ray Department of Economics, University of Calcutta, Kolkata, WestBengal 700050, India, e-mail: [email protected]
Kalyan Kumar Sanyal University of Calcutta, Kolkata, India
Amitava Sarkar Indian Statistical Institute, Kolkata 700203, India, e-mail:[email protected]
Prasenjit Sarkhel Department of Economics, University of Kalyani, Kalyani,West Bengal 741235, India, e-mail: [email protected]
Chitrakalpa Sen Auro University, Surat, Gujarat, India, e-mail: [email protected]
Soumyen Sikdar Indian Institute of Management Calcutta, Kolkata, India, e-mail:[email protected]
Contributors xvii
About the Editors
Sarmila Banerjee is at present the Rajiv Gandhi Chair Professor of Eco-systemsand Sustainable Development in the University of Calcutta. She has been in theFaculty of Economics of the same institution for more than three decades. Sheobtained her Ph.D. degree in Economics from the University of Florida,Gainesville, USA and carried out her post-doctoral research on EnvironmentalEconomics in the University of California, Santa Barbara, USA. Her teachinginterests include Econometrics and Environmental Economics. Her researchinterest is mostly on Quantitative Aspects of Sustainable Development. She is thecoordinator of UGC-SAP program in her Department and Convener of Ph.D.Program in Economics at the University of Calcutta. She is connected withdifferent academic institutions and research networks in India and abroad throughher active involvement in capacity building and curriculum development.
Anjan Chakrabarti did his Ph.D. in Economics from the University of California,Riverside and is currently Professor of Economics, University of Calcutta. He is theChairperson, Undergraduate Board of Studies in Economics and CommitteeMember of the Ph.D. Program in Economics of University of Calcutta. His teachinginterests include Political Economy, History of Economic Ideas and Macroeco-nomics while his research interests include Political Economy, DevelopmentEconomics, Indian Economics and Political Philosophy. He has published fivebooks and over 30 academic articles. His published books include ‘‘Transition andDevelopment in India’’ and ‘‘Dislocation and Resettlement in Development: FromThird World to World of the Third’’, both from Routledge and ‘‘World of the Thirdand Global Capitalism’’ from Worldview Press. He is the recipient of Dr. V. K.R. V. Rao Prize in Social Science Research in Economics for the year 2008.
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