Suresh Chand Aggarwal and Bishwanath Goldar
This study aims to analyze the structure and trend in employment in the Indian economy between 1980-8081 and 2015-2016.
Abstract
Purpose
This study aims to analyze the structure and trend in employment in the Indian economy between 1980-8081 and 2015-2016.
Design/methodology/approach
Use of India KLEMS data set. Estimate growth rate of employment and discuss employment prospects using “Point” employment elasticity.
Findings
Whilst India’s GDP growth rate has been quite impressive since the reforms of 1991, the rate of employment growth, especially in the recent period of 2003-2015, has been quite slow (1 per cent) with low employment elasticity (0.1). The pattern of employment growth has also been imbalanced with slow rate of employment growth in manufacturing and rapid growth rate in the construction sector. India now also has low labour force participation rate and a large share of informal employment in the economy.
Research limitations/implications
The limitation is the lack of reliable data on employment for the recent period.
Practical implications
With overall low employment elasticity, India would have to explore sectors where more employment opportunities could be created.
Social implications
India has to create not only more jobs but also “good” jobs.
Originality/value
The India KLEMS data provide a time series for employment, which has been used in this paper to find “Point” elasticity instead of arc elasticity of employment and is an improvement over existing employment elasticity estimates.
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Deb Kusum Das, Suresh Chand Aggarwal, Abdul Azeez Erumban and Pilu Chandra Das
The dynamics of economic growth in India continues to engage economists and still remains much debated. The trends and patterns of growth observed in India have seen acceleration…
Abstract
Purpose
The dynamics of economic growth in India continues to engage economists and still remains much debated. The trends and patterns of growth observed in India have seen acceleration in growth in Indian economy in the period following macroeconomic reforms and policy changes in investment and trade regimes. However, when and how did India transform itself from Hindu rate of growth to the present growth regime continues to be debated.
Design/methodology/approach
Using INDIA KLEMS data set, this study provides a distinctive perspective on India’s economic growth. A unique data set comprising 27 sectors of Indian economy at a disaggregate industry level for a period of 30 years, beginning 1980s, attempts to understand the dynamics of India’s growth from the contribution of industries that comprise the Indian economy.
Findings
This productivity data set offers a new way of analyzing the dynamics of growth including the sources of growth. The growth empirics allow evaluation of the relative significance of total factor productivity growth vis-a-vis input accumulation in accounting for output growth. In addition, the authors were able to document the industry contributions to aggregate growth. In this way, they were able to analyze the importance of the constituent industries within the different sectors of the economy − agriculture, manufacturing, construction and market, as well as non-market services in accounting for the observed growth in India. In conclusion, the industry perspective offers a new and analytical way of discerning new aspects of India’s march to higher growth regimes in post-1990s era.
Originality/value
A unique data set comprising 27 sectors of Indian economy at a disaggregate industry level for a period of 30 years, beginning 1980s, attempts to understand the dynamics of India’s growth from the contribution of industries that comprise the Indian economy.
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While rapid increase in demand for foods but limited availability of croplands has forced to adopt input-intensive farming practices to increase yield, there are serious long-term…
Abstract
While rapid increase in demand for foods but limited availability of croplands has forced to adopt input-intensive farming practices to increase yield, there are serious long-term ecological implications including degradation of biodiversity. It is increasingly recognised that ensuring agricultural sustainability under the changing climatic conditions requires a change in the production system along with necessary policies and institutional arrangements. In this context, this chapter examines if climate-smart agriculture (CSA) can facilitate adaptation and mitigation practices by improving resource utilisation efficiency in India. Such an attempt has special significance as the existing studies have very limited discussions on three main aspects, viz., resource productivity, adaptation practices and mitigation strategies in a comprehensive manner. Based on insights from the existing studies, this chapter points out that CSA can potentially make significant contribution to enhancing resource productivity, adaptation practices, mitigation strategies and food security, especially among the land-constrained farmers who are highly prone to environmental shocks. In this connection, staggered trench irrigation structure has facilitated rainwater harvesting, local irrigation and livelihood generation in West Bengal. However, it is necessary to revisit the existing approaches to promotion of CSA and dissemination of information on the design of local adaptation strategies. This chapter also proposes a change in the food system from climate-sensitive to CSA through integration of technologies, institutions and policies.
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Pankaj Singh and Gaurav Agrawal
Agriculture insurance is the panacea for the farming community. Many policy interventions were implemented for stimulating agriculture insurance access to farmers in India…
Abstract
Purpose
Agriculture insurance is the panacea for the farming community. Many policy interventions were implemented for stimulating agriculture insurance access to farmers in India. However, access to agriculture insurance constantly remained one of the major challenges to Indian policy planners. The goal of the present paper is to explore current policy interventions in the area of agriculture insurance in India.
Design/methodology/approach
The present paper reviews and analyzes the evidence literature through a content analysis method on development and performance analysis perspective of existing agriculture insurance schemes in India.
Findings
Agriculture insurance is a significant risk management policy, but this is not easily reachable to the majority of farmers in India. The government of India introduces a novel agriculture scheme every decade, but every crop insurance scheme was inconsistent and ineffective owing to operational defects. Agriculture insurance in India is still developing in terms of coverage, scope, and exposure, but farmers' dissatisfaction about agriculture insurance turned out to be a negative word of mouth. Insurance illiteracy and farmers' preference for agriculture relief payments are the main reasons for limited access to agriculture insurance. The current crop insurance schemes are improperly operated because of implementation issues at the state level.
Research limitations/implications
This paper will be useful for researchers and academicians to analyze the past and present status of crop insurance in India.
Originality/value
The paper is the unique work of the authors as it has attempted to present India's journey with agriculture insurance. An effort is made in the present study to provide a comprehensive and holistic developmental and performance analysis perspective of agriculture insurance in India.
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Chuleshwar Naik and Bijuna C. Mohan
This study aims to examine the factors that impact the choice of paddy marketing channels in India at the farm level and household contingencies.
Abstract
Purpose
This study aims to examine the factors that impact the choice of paddy marketing channels in India at the farm level and household contingencies.
Design/methodology/approach
Employing multinomial logistic regression, the analysis utilizes the National Sample Survey Office (NSSO) 77th round Situation Assessment Survey (SAS) data from the 2018 to 2019 period, specifically for the paddy Kharif season, to determine the factors determining the choice of marketing channels. The significant independent variables include minimum support price (MSP) awareness, access to and adoption of technical advice, input agency, social group, farm size of farmers, region, age and education of the household head.
Findings
Awareness of MSP and adoption of technical advice from experts can enhance the probability of selecting government channels for paddy. The reliance on government input agencies has a favourable impact on the choice of government channels. Government channels are more likely preferred by higher social groups and those with higher land-holdings. There has been a state-wise variation in access to regulated marketing channels for paddy.
Research limitations/implications
Transaction cost associated with marketing channel choice is an important factor, not incorporated in this study due to the unavailability in the NSS data.
Originality/value
The research uses the latest unit-level data of the NSSO 77th round, published by the Ministry of Statistics and Programme Implementation (MoSPI), the Government of India.
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Ashutosh Muduli and Gary N. McLean
Benchmarking research has explored the role of organizational practices and business processes rooted with human capabilities for achieving growth performance. The role of high…
Abstract
Purpose
Benchmarking research has explored the role of organizational practices and business processes rooted with human capabilities for achieving growth performance. The role of high performance work system as an organizational practice and business process is yet to be studied. Even if studied, no study has been conducted on the role of training transfer climate on high performance work system and organizational performance. The current research aims at examining high performance work system on organizational performance. Further, the study also examine training transfer climate as a mediating variable between HPWS and organizational performance.
Design/methodology/approach
Data collected from 415 executives of a high performance-based power sector company of Gujarat, India. The survey instrument consists of high performance work system, training transfer climate and organizational performance. Confirmatory factor analysis was used for a simultaneous assessment of overall and specific elements of measurement validity and reliability. Structural equation modelling used to test the hypothesized model.
Findings
The result proved the capability of high performance work system to predict organizational performance. Further, the result supports the hypothesis that training transfer climate acts as a mediator between high performance work system and organizational performance.
Research limitations/implications
The result has important theoretical and managerial implications. Theoretically, the research extends the scope of benchmarking to high performance work system. The managerial implications have been discussed from the training transfer climate perspectives.
Originality/value
The originality of the study lies with proving the role of high performance work system and training transfer climate as an organizational practice and business process within benchmarking research.
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The learning outcomes of this paper is to understand the working capital finances offered by bank; comprehend application by the company, loan proposal and bank procedure for…
Abstract
Learning outcomes
The learning outcomes of this paper is to understand the working capital finances offered by bank; comprehend application by the company, loan proposal and bank procedure for additional finance; compute, analyze and interpret financial statements of company and its peers; and assess various factors to be considered while taking loan sanctioning decisions.
Case overview/synopsis
Sunshine had expanded its business by starting in-house manufacturing of a few stages of production of fasteners. Sunshine was in urgent need of additional finance for working capital and had applied to Rajya Bank of India Ltd. (RBIL), requesting to enhance working capital finance limits and other changes. Ruchit Mehta, Relationship Manager of S.G. Highway Branch of RBIL have to assess this request and include his evaluations in the proposal, which he had to present to Assistant General Manager of RBIL.
Complexity academic level
MBA or related program in finance courses such as financial management, corporate finance, financial statement analysis, bank management/finance and training program on “credit management” for bank employees.
Supplementary materials
Teaching Notes are available for educators only.
Subject code
CSS 1: Accounting and Finance
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Shefali Srivastava and Rohit Kr Singh
The paper identifies the antecedents and consequences of integrated supply chain performance (ISCP) in healthcare systems.
Abstract
Purpose
The paper identifies the antecedents and consequences of integrated supply chain performance (ISCP) in healthcare systems.
Design/methodology/approach
Based on a review of the literature constructs of supply chain flexibility (SCF), employee relationships (ERs), organizational orientation (OO) and knowledge exchange (KE) were identified as antecedents of ISCP, and patient centricity (PC) emerged as its consequence. This structural relationship was tested using partial least square structural equation modeling (PLS-SEM).
Findings
ERs, SCF, OO and KE positively impacted the performance of an integrated healthcare supply chain. Furthermore, enhanced ISCP in operational processes of the hospital positively influenced patient centeredness and care quality.
Research limitations/implications
Paper contributes by identifying antecedents and consequences of ISCP. Future researchers may explore the inter-relationships among the antecedents of ISCP.
Practical implications
Insights from this study will help practitioners in enhancing hospital operations by integrating processes along the healthcare service supply chain and developing a patient-centric approach.
Social implications
This paper highlights how PC may be achieved by focusing on a facilitative internal environment. This understanding may help in designing processes that deliver health as a social good in an effective manner.
Originality/value
The empirical evidence from this study can help hospitals integrate their functions, thus, enabling them to deliver quality care.