Indian organised retail industry is poised for growth. Apparel sector in particular has a great opportunity with alignment of Indian economy to globalised markets. With the widespread use of sales promotions- short term activities which provide material inducements to consumers and trade it...

In this paper we prove a result which, apart from having independent interest, has found applications in recent mathematical economic literature of rational choice theory. The result states that if a two-dimensional demand function satisfies budget exhaustion, the Weak Axiom of Revealed...

This paper attempts to quantify direct as well as indirect costs and benefits of selected components of government expenditure on education when education is considered as a part of system pertaining to social services and social services are linked meaningfully with real sector variables,...

This paper suggests a roadmap for IIM Ahmedabad to increase its intake substantially with available resources in its flagship ‘Post Graduate Program in Management’ (PGP equivalent to MBA). Solutions for other IIMs should be similar as all share similar programs, ethos and culture; differences...

There has been a substantial pick up in private corporate investment in 1976 as compared to 1975. Corporate investment in 1977 would be higher than that reached in 1976. It is likely to reach in nominal terms the level attained in 1974, which is the best year so far. However, in real terms the...

Four questions that are raised in this paper are: (1) Why is it necessary to reserve formal credit for rural poor? (2) Is credit a constraint on increasing production and incomes of the rural poor? (3) Is existing credit delivery conducive to increasing their incomes? And (4) What improvements...

Based on the results of general elections since formation of the Republic, the paper identifies two key issues facing Indian democracy. The inability of the present choice process under the constitution to provide a stable platform to the Prime Minister and his Cabinet. The inadequate...

An attempt has been made in this paper to examine the wage structure in consumer goods industries in relation to that in capital goods industries in the light of the two major hypotheses, viz., ‘the expected ability to pay hypothesis’ and ‘the technology hypothesis’ which constitute the...

This paper gives a historical account of a major technological innovation in India. The technology was developed in a national laboratory and successfully transferred and commercialised by public sector corporation and promoted by one of the state governments. This paper focuses mainly on the...

In this theme article, we summarize the broad characteristics of Vision 2020 (a document which outlines the transformation process related to evolution of India as a developed nation by 2020) as envisaged by Dr. A.P.J. Abdul Kalam. We discuss the enabling role of our discipline related to this...