The economic center of gravity is shifting from mature markets to emerging regions. This shift provides a good opportunity to broaden and deepen our theoretical base of concepts and frameworks because emerging and mature regions differ significantly in their institutional regimes. Hence...

Research Summary: The economic center of gravity is shifting from mature markets to emerging regions. This shift provides a good opportunity to broaden and deepen our theoretical base of concepts and frameworks because emerging and mature regions differ significantly in their institutional...

This paper provides an integrated analysis of the role of the service sector in recent Indian economic development. It discusses the nature of services, their distinction from products, and their categorization. It provides an overview of India’s overall growth experience, and a detailed...

This study examines the meaningful relationship between economic growth, and service sector contribution and domestic investment in two major Asian economies, namely India and China. Autoregressive Distributed Lag (ARDL) bounds testing procedure is employed to analyze the impact of the selected...

Promotion of the urban informal sector has become the new strategy of development in the developing economies. This paper attempts a study of some of the important characteristics of this sector in the city of Cuttack and compares it with that of the formal sector. The major strengths of this...

As Gandhi often pointed out, India lives in villages and unless village life can be revitalized the nation as a whole can hardly come alive. When India became independent in 1947, perhaps one-third of the villages of India had traditional Panchayats and many of them were far from flourishing...

This paper examines India’s federal system in the context of prospects for India’s future economic growth and development. After a brief review of India’s recent policy reforms and economic development outcomes, and of the country’s federal institutions, the analysis focuses on the major...

Despite the considerable media attention being given to the financial meltdown there has been little attention on why this happened. This paper investigates into this matter and takes a very unique point of view. Whenever we talk about this matter we thought of liquidity crunch, sub prime...

In social development and health sector, India’s performance is still lagging behind many Sub-Saharan African countries. There are also disparities between the urban and rural sectors and between privileged upper class and the socially disadvantaged groups. Widespread illiteracy, avoidable...

Both India and Eritrea are developing countries. India as a leader of Third world made a huge stride in human resource development and agriculture development where as Eritrea, a young nation still striving hard to develop these areas and thus achieve self reliance. In line with this, Eritrea...