Spanning seven decades, the diplomatic relations between India and Japan present a narrative of mutual respect, strategic alignment, and cooperation. This relationship has evolved from strong cultural and civilizational linkages to a global partnership and has led to significant developments in defence and security, economic modernization, infrastructure projects and regional cooperation in the Indo-Pacific. Based on a conference organized by the Indian Council of World Affairs (ICWA) on May 19, 2022, this book discusses the nature of India–Japan relationship and presents a comprehensive account of the diplomatic ties between the two nations. Attended by renowned scholars and policymakers, the conference marked the 70th anniversary of India-Japan relations and provided a fertile ground for insightful reflections, which have been collated in this book. It serves as a testament to the resilient relationship and an inspiring guide for the path ahead. Print edition not for sale in South Asia (India, Sri Lanka, Nepal, Bangladesh, Pakistan and Bhutan)

This book assesses the performance of Indian industries from the perspectives of trade, investment, policy, and development incentives. It evaluates the relevance and the macro- and microeconomic impact of industrial policy on growth in different sectors of industry. The book examines India’s key policy initiatives and economic and institutional plans through many decades and examines their short and long-term effects on industrial environment and performance. It measures India’s strategic policies and efforts to promote industrialization against similar initiatives in countries like Germany, Japan, South Korea, and Taiwan. The volume also contextualizes the performance of different sectors of industry such as automobiles, electronics and information technology, and pharmaceuticals, among others, within the larger framework of global economic scenario and competition. This book will be of great interest to researchers and students of economics, political economy, industrial development and policy, and South Asia studies.

At head of title: United Nations Conference on Trade and Development.

In this commemorative volume, India's top business leaders and economic luminaries come together to provide a balanced picture of the consequences of the country’s economic reforms, which were initiated in 1991. What were the reforms? What were they intended for? How have they affected the overall functioning of the economy? With contributions from Mukesh Ambani, Narayana Murthy, Sunil Mittal, Kiran Mazumdar-Shaw, Shivshankar Menon, Montek Singh Ahluwalia, T.N. Ninan, Sanjaya Baru, Naushad Forbes, Omkar Goswami and R. Gopalakrishnan, India Transformed delves deep into the life of an economically liberalized India through the eyes of the people who helped transform it.

The industrial environment in India from 1947 to 1980 was characterized by strong centralized planning, government ownership of basic and key industries, excessive regulation and control of private enterprise, trade protectionism-through tariff and non-tariff barriers-and a cautious and selective approach towards foreign capital. It was a quota, permit, and license regime guided and controlled by a bureaucracy trained in colonial style. The level of protection offered to Indian industry, by way of qualitative import restrictions and tariffs, was unreasonably high, leading to high costs of production and inadequate technological dynamism. This so-called inward-looking, import-substitution strategy of economic development began to be widely questioned at the beginning of the 1980s. Policy makers realized the drawbacks of this strategy, which inhibited competitiveness and efficiency and produced a much lower rate of growth than expected. Progress was made towards economic liberalization in 1985 when the government announced a series of measures aimed at the deregulation and liberalisation of the industry. These measures, described as the New Economic Policy, were followed by drastic changes introduced by the 1991 Industrial Policy Statement of the Government. As a result of the economic reforms of the last 25 years, India is presently one of the world's fastest growing economies. This book traces developments in different fields of industrialization in India during the post-Independence period. Also included is an analysis of the post-1991 key reform measures undertaken for making Indian industry internationally competitive, as well as an examination of the current issues pertaining to this vital sector of the Indian economy. [Subject: Business & Economics, India Studies, Economic History, Trade]