This book examines India's new economy - its strengths, weaknesses and potential. The book covers three key areas of growth in India's economy - the IT (information technology) sector, export trade (with its externality effects) and the financial sector (in particular, banking reforms).

The dynamics of industry growth, technology and globalization have a dramatic impact on the current economic growth of nations, significantly changing the market structure and world trade, and challenging the competitive equilibrium and their guiding principles. In the world of innovations and...

This volume discusses the latest techniques and their economic applications for modern industries like computer, pharmaceutical, banking and other manufacturing. Both econometric and mathematical programming techniques are analyzed so as to develop a synthetic approach.

1.Theory of Industry Growth -- 2. A Pareto Model of Efficiency Dynamics -- 3. Market Dynamics and Growth -- 4. Market Rivalry and Interdependence -- 5. Technology and Innovations -- 6. Industry Evolution Mechanisms -- 7. Information and Efficiency