Small and Medium Scale Enterprises (SME) have found more interest in the last few years, whereas industrialization is no longer seen as a simple way of development. This book analyses how SME clusters emerge in a developing economy. Using India as a case study, it addresses one central question:...

This book provides a critical perspective on contemporary debates on industrialisation in India. It aims to study the process of industrialisation at a conceptual level and articulate and contest the evolving debates and discourses. Instituting a market led growth in India ended in a trajectory...

Manufacturing versus services: a misplaced debate -- Global production network: India and developing countries -- Financialisation in India: emerging trends in the corporate sector -- Hierarchies of capital and the architecture of value capture -- Informality: regime of accumulation and...

Indian economy shows high levels of growth and per capita income in recent years accompanied by an unprecedented shift of labour from agriculture to non-agriculture during the last decade. Reallocation of labour from ‘traditional’ to ‘modern’ segments in an economy having large surplus...

Increasing returns to skill is often attributed to the rising relative demand for skilled workers driven by advancement in skill-complementary technology. In the context of India this paper argues that fluctuations in skill-premia in different sectors are primarily because of the shift in the...

Studies in industrial clusters largely identify the institutional failures and imperfections that prevail in the supply of indivisible inputs and collective action. This paper critically reviews a typical ‘low‐road’ cluster in Kolkata and argues that market failures due to existence of...