Benevolent Benefactor or Insensitive Regulator? Tracing the Role of Government Policies in the Development of India's Automobile Industry

Language: English

Published by East-West Center Mär 2011, 2011

1932728902 / 9781932728903

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Neuware - The impressive and sustained growth of India's automobile industry in recent years has catapulted it into the league of the world's top-seven producers of four-wheelers. In the past decade, its exports have surged more than 25 percent a year on average. The turning point was arguably the 1991 policy of economic liberalization, but the impact of the reforms might have been subdued, if the Government of India had not played a pivotal role in the industry's evolution. This apparent 'paradox' may be the key to understanding why the industry has adjusted so quickly to globalization, even though economic reforms began relatively late. This study identifies the main thrusts of policy regimes for the automobile sector since 1947, which began in an overregulation mode in the early period of independence. Nonetheless, the government consciously attempted to create and sustain favorable 'innovation systems' at national, regional, and sectoral levels. Especially since 1991, many policy initiatives have benefited the industry and helped it reach the growth path it is following today.…

Seller Inventory # 9781932728903

Title
Benevolent Benefactor or Insensitive Regulator? Tracing the Role of Government Policies in the Development of India's Automobile Industry
Author
Cornelius Herstatt
Publisher
East-West Center Mär 2011
Publication year
2011
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
1932728902
ISBN 13
9781932728903
Item weight
122 grams
Dimensions
234x156x4 mm

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