India’s story of the last two decades since the country made a transition to a liberal economic policy regime has many sides to it that may be considered somewhat remarkable in the light of her historical legacy. India has in this period certainly been an important part of the story of the...

This paper briefly presents an analytical description of the twin processes of growth of output and change in its composition in the Indian economy since independence, by looking at the time-paths of the two dimensions simultaneously. It suggests that three turning points located respectively in...

This paper makes the case that the growth trajectory of the Indian economy in the post-1991 liberalization period is characterised by an inherent source of instability in manufacturing and industrial growth that distinguishes this period from the 1980s. This instability is a result of an...

Abstract: This paper examines the sustainability of the unprecedentedly high aggregate GDP growth witnessed in India from 2003-04 till the eruption of the global crisis. It argues that the post-liberalization highly non-inclusive and corporate-sector led growth trajectory in India suffers from a...

This paper explores the elements of continuity and change associated with Indian capitalism’s transition to its liberal phase after 1991. While acknowledging the significant changes since then, it is argued that the origins, nature, and consequences of Indian liberalization cannot be...

The paper suggests one of the possible approaches to formulation of structure and content of corporate strategic management theory. The paper formulates requirements to the theory of enterprise, essential for using the theory as a basis of strategic management theory structure, including...

In this article the substantive provisions of the resource-based theory are generalized, modified and transferred from population of firms on population of any economic systems (firm, corporation, clusters, business groups, economic projects, processes, environments, etc.). The concept of...

In 1987 K. Arrow suggested to define the theory of economic behavior of individual economic agents in market or nonmarket conditions as nanoeconomics. In 1996 we considered nanoeconomics for the first time as an independent branch of the economic theory and as a description of special condition...

The basics of a new theory of economic systems are proposed in this article as a fundamental synthetic field of economics. This theory proposes to unify a description of economic phenomena usually studied by different areas of economics: economic agents, i.e., legal entities and individuals,...