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Transforming Business Models in Fast-Emerging Markets–Lessons from India

Sandeep Goyal, Mark McCord and Amit Kapoor

Thunderbird International Business Review, Volume 59, Issue 1, January/February 2017

There is a need for understanding the entrepreneurship and business models in the emerging economies, especially the fast-expanding ones, from a different perspective as compared to the developed economies. The consistent gross domestic product (GDP) growth rate, significant socioeconomic potential, untapped needs of the population, and economic growth potential in the fast-expanding emerging economies like the BRIC nations (Brazil, Russia, India, and China) have changed the paradigm for investment, thereby creating a new economic development reality and focus for the global companies. However, achieving success in these emerging markets has its own unique mix of challenges. This requires a transformative and innovative mind-set toward conceptualization of a working business model that can fit into the reality of the socioeconomic and cultural challenges of these emerging markets. Further, the business model changes and alignment in these emerging markets require closer analysis and understanding of the global trends as well as ability to leverage the emerging technologies and linkages. The objective of this article is to explore the magnitude of opportunities and emerging business models transforming the socioeconomic landscape in fast-expanding emerging markets. In doing so, the article attempts to provide an overview of the emerging business model typologies and patterns that will enable the global companies to make better-informed decisions and build their presence in the fast-expanding emerging markets. © 2015 Wiley Periodicals, Inc.

URL: http://onlinelibrary.wiley.com/doi/10.1002/tie.2017.59.issue-1/issuetoc

Courtesy: Wiley online library

The persistent caste divide in India’s infant mortality: A study of Dalits (ex-untouchables), Adivasis (indigenous peoples), Other Backward Classes, and forward castes

Bali Ram , Abhishek Singh , Awdhesh Yadav

Canadian Studies in Population , Vol 43, No 3–4 2016

Using data from two national surveys, this paper examines caste differences in infant mortality in India. We find that children from the three lower caste groups—Dalits (ex-untouchables), Adivasis (indigenous peoples), and Other Backward Classes—are significantly more likely than forward-caste children to die young. While this observation largely mirrors caste differences in socioeconomic conditions, low socioeconomic status is found to be only a partial explanation for higher infant mortality among lower castes. Higher mortality risks among backward-class children are almost entirely attributable to background characteristics. However, Dalit children are most vulnerable in the neonatal period even when all background characteristics are taken into account, whereas Adivasi children remain highly vulnerable in the post-neonatal period.

URL: https://ejournals.library.ualberta.ca/index.php/csp/article/view/27296

Courtesy: CPS

Poverty Targeting Through Public Goods

Anders Kjelsrud and Rohini Somanathan

CDE Working Paper No. 271, February 2017

Although a large fraction of India’s rural population lacks access to basic schooling and health care, a rising share of the government budget is allocated to programmes that are restricted to families classified as poor. We know relatively little about how per capita benefits from these targeted programmes compare with those from free or subsidized services at public institutions. This chapter is aimed at such a comparison. We impute the value of benefits to rural families using public schools and health facilities, and compare them to the gains from subsidized fuel and food from the Public Distribution System (PDS). Although our interest is in examining the extent of targeting implicit in these different forms of public spending, our methods can also be used as part of a new methodology for poverty estimation that includes these benefits in measures of household consumption. Poverty lines and estimates based only on private consumption expenditures understate regional disparities in real consumption and poverty because the richer states typically also provide better public services.

URL: http://cdedse.org/

Courtesy: CDE

Gold Monetization in India as a Transformative Policy: A Mixed Method Analysis

Narayanan, Priya; Gopalakrishnan, Balagopal; Sahay, Arvind

Working Paper, 31-Jan-2017

India is the second largest consumer of gold in the world and gold is a major contributor to the current account deficit. Much of the gold goes out of circulation and is not available to support economic activity. To encourage consumers to bring the gold back into circulation, the government of India instituted the Gold Monetization Policy in 2015. This research views the Gold Monetization Policy in India through the lens of consumer associations with gold, as well as the banker and refiner perspectives on implementation challenges. The success of this policy is important for the country to better manage its current account balance, in a milieu where gold consumption holds sociocultural importance. The research uses an empirical approach to analyse how various stakeholders have approached the policy, and provides suggestions to increase uptake of the policy. It employs a mixed method approach to understand the motivations and barriers faced by various stakeholders in the gold ecosystem. First, a nationwide survey-based study of 1171 households, across 10 states that constitute approximately three-quarters of annual national gold consumption, was conducted to understand the consumer associations with and attributions related to gold. This shows that family functions and festivals to be triggers for gold purchase, indicating ingrained the habit and planned accumulation. There is also high liquidity and safety association of gold (which is also not considered as having any substitute) along with a clear reluctance to sell gold received as a gift. Rural consumers are more reluctant to part with gold as compared to urban but are also ready to pledge gold as collateral suggesting requirement related liquidity use of gold. Second, an interview based study was conducted with senior management of 6 banks, 5 refiners and one industry consultant to understand the challenges and implications of the policy for members of the gold ecosystem. Discussions with these stakeholders clarified that banks would promote products based on this policy if they had more control on the process and if there was clear separation of risks or effective mitigation of risks relating to the operationalization of the policy. Finally, an econometric analysis of gold consumption and its potential determinants was conducted using household data from all 640 districts of the National Sample Survey for 2011-12. The analysis shows that propensity to consume gold is positively correlated with proportion of females in the household and with number of daughters in the household. Also, ceteris paribus, rural households have a higher propensity to consume gold, and Hindu households have a higher propensity to consume gold. Clearly, increasing the effectiveness of the Gold Monetization Policy depends on a deeper understanding of consumers’ interactions with and sentiments towards gold. The effectiveness of the policy also depends on recognizing the challenges faced and incentives required by banks, refiners and other stakeholders in implementing this policy. This research is an attempt at developing such an understanding.

URL: https://web.iima.ac.in/faculty-and-research/research-and-publication.html&rnpid=14556

Courtesy: IIMA

K. N. Raj Library: Titles on display from 17-02-2017 to 24-02-2017

Following titles were recently added to the K. N. Raj Library Collection and were on display from 17-02-17  to 24-02-17

1 Anievas, Alex and Nisancioglu, Kerem
How the west came to rule: The Geopolitical origins of capitalism .– London: Pluto Press, 2015. 386,PB. ISBN : 9780745336152. Call No. 330.52 Q57

2 Bag, Susanta Kumar
Colonial state, agrarian transition and popular protest in Orissa 1921-1947.– Delhi: Primus Books, 2015. 191, HB. ISBN : 978-9384082253. Call No. 320.158095413 Q5

3 Bhat, L S, ed
Economic geography, 2V, V1:-Land, water and agriculture;V2:-Urbanization, industry and development .– New Delhi: OUP India, 2016. 338, HB. (ICSSR Research Surveys and Explorations). ISBN : 978-0199458820. Call No. 337.5 Q6.1-Q6.2

4 Bramoulle, Yann, ed, Galeotti, Andrea, ed and Rogers, Brian W, ed
The Oxford handbook of the economics of networks.– New York: Oxford University Press, 2016. 841,HB. ISBN : 9780199948277. Call No. 332.322 Q6

5 Carson, Rachel
Silent spring.– New Delhi: Penguin Books India, 1965. 323, PB. Reprinted in Penguin classics 2000. ISBN : 978-0618249060. Call No. 337.4 K5

6 The Complete works of Swami vivekananda 9v; V5.– Belur
Math, Howrah: Ramakrishna Math and Ramakrishna Mission, 2013. 577, HB. ISBN : 9788175053878. Call No. 922.954(V) Q3.5

7 Dunford, Robin
The Politics of transnational peasant struggle:Resistance, rights and democracy.– London: Rowman & Littlefield International, 2016. 187, HB. (Radical Subjects in International Politics). ISBN : 9781783487806. Call No. 337.191 Q6

8 Gudeman, Stephen
Anthropology and economy.– Cambridge: Cambridge University Press, 2016. 223, PB. ISBN : 9781107577206. Call No. 390 Q6

9 Gupta, Anil K
Grassroots innovation: Minds on the margin are not marginal minds.– Gurgaon: Penguin Books India, 2016. 81, HB. ISBN : 9788184005875. Call No. 336.210054 Q6

10 Hardt, Michael and Negri, Antonio
Empire.– Cambridge: Harvard University Press, 2000. 478, PB. ISBN : 9780674006713. Call No. 325.3 P0

11 Hsu, Sara
Economic reform in Asia: China, India, and Japan.– Cheltenham: Edward Elgar, 2016. 228, HB. ISBN : 9781784711535. Call No. 331.50051 Q6

12 India, Agriculture and Farmers Welfare Min. of-
Agricultural statistics at a glance 2015.– Delhi: Controller of Publications, 2016. 479, PB. Call No. 337.1005405(4B) Q5

13 Indian Society of Agricultural Economics
Indian agricultural economy under liberalised regime 1991 to 2015: Academic Foundation., 2016. 937, HB. (Indian Society of Agricultural Economics, v3). ISBN : 978-9332703353. Call No. 337.0054 Q6

14 Jodhka, Surinder S and Prakash, Aseem
The Indian middle class.– New Delhi: Oxford University Press, 2016. 232, PB. (Oxford India Short Introductions). ISBN : 978-0199466795. Call No. 301.4410954 Q6

15 Juma, Calestous
Innovation and its enemies: Why people resist new technologies: Oxford University Press., 2016. 416, HB. ISBN : 9780190467036. Call No. 336.21 Q63

16 Lal, Vinay, ed and Rajan, Roby, ed
India and the unthinkable: Backwaters collective on meta physics and politics.– New Delhi: Oxford University Press, 2016. 228, HB. ISBN : 9780199466863. Call No. 301.153095483 Q61

17 Malayala Manorama (Kottayam)
Manorama Yearbook 2017.– Kottayam: Malayala Manorama, 2015. 1039, PB. (Includes free CD-ROM- Britannica ultimate knowledge pack). Call No. 001.025(2) Q5

18 Ozawa, Terutomo
The Evolution of the world economy: The ‘Flying-Geese’ theory of multinational corporations and structural transformation .– Cheltenham: Edward Elgar, 2016. 207, HB. (New Horizons in International Business). ISBN : 9781781003305. Call No. 334.42 Q6

19 Piketty, Thomas and Ackerman, Seth, tr
Chronicles on our troubled times.– New Delhi: Penguin India, 2016. 181, HB. ISBN : 9780241234891. Call No. 333.130004 Q6

20 Ramakrishna math and Ramakrishna mission
The Complete works of Swami Vivekananda 9v; V4.– Belur Math, Howrah: Ramakrishna math and Ramakrishna Mission, 2013. 567, HB. ISBN : 9788175053861. Call No. 922.954(V) Q3.4

21 Ramakrishna math and Ramakrishna mission
The Complete works of Swami Vivekananda 9v; V6.– West Bengal: Ramakrishna Math and Ramakrishna ission, 2013. 552, HB. ISBN : 9788175053885. Call No. 922.954(V) Q3.6

22 Stiglitz, Joseph
The Euro: And its threat to the future of Europe.– London: Allen Lane, 2016. 454, HB. ISBN : 978-0241258156. Call No. 333.13004 Q6

23 Tamil Nadu, Economics and Statistics, Dept. of
Statistical handbook of Tamil Nadu 2014.– Chennai: Tamil Nadu, Economics and Statistics, Dept. of, 2014. 605, PB. Call No. 332.6600548205(4) Q4

24 Uma, S
Exports and employment under globalisation: A Study of micro, small and medium enterprises.– Thiruvananthapuram: Centre For Development Studies, 2016. 278, PB. (Jawaharlal Nehru University, Theses, PhD, 2016). Call No. 334.2210054 Q6

 

Remittances, Household Expenditure and Investment in Rural India: Evidence from NSS data

Jajati K. Parida,Sanjay K. Mohanty and K. Ravi Raman

Indian Economic Review, Volume: 50,Issue Number: 1, 2015

The paper attempts to study the migration trends and the factors driving it in India and also to understand and compare the marginal spending behavior of three groups of households in India – those not receiving remittances, receiving internal remittances and receiving international remittances – with an emphasis on its impact on investment in human capital defined as education and health. The analysis, based on a nation-wide sample survey, reveals that migration, besides playing a major role in poverty reduction, also has an important bearing on marginal spending behavior much in keeping with Engels Law and also that the amount set aside towards human capital formation is significant, which has wider policy implications.

URL: https://www.ierdse.org/

Courtesy: DSE

Reconnecting with Laurie Baker

 ZIYA US SALAM

Frontline, March 3, 2017

Interview with Vineet Radhakrishnan on the making of a documentary on his grandfather, Uncommon Sense: The Life and Architecture of Laurie Baker. By ZIYA US SALAM

IT is never easy to write, paint or make a film about somebody you are emotionally attached to. It becomes even more difficult if you have blood ties with that person. Vineet Radhakrishnan, grandson of the illustrious architect Laurie Baker, decided to do the unthinkable—encapsulate the life and works of Baker in a film, Uncommon Sense: The Life and Architecture of Laurie Baker.

It could not have been more apt that Radhakrishnan chose New Delhi’s India Habitat Centre (IHC), one of the most aesthetically pleasing buildings, to screen the film. The IHC, J.A. Stein’s masterpiece, is lauded for its open space, ventilation, and its dignified appearance. And to think it all started with the prototype of a rock painting from Bhimbetka in Madhya Pradesh!

One could say the same about Baker’s architecture. He was a pioneer in using local construction material, indeed, even honouring local building traditions. No raw material was too low or too high for him. Mud, clay, exposed bricks and trellis became his hallmark as Baker set about defying stereotypes. It did not come easy; Baker first had to unlearn what he had learnt in Britain, then come to terms with the fact that even a youngster in rural India knew more about the local ways of construction. How he immersed himself into the soul of India makes for a gripping story. He spent a number of years in the Himalaya, virtually lived the life of a nomad for a long time before finally making Kerala his home. It is in the State that some of his buildings have stood the test of time. Interestingly, it was the news of the imminent demolition of some of these works to build skyscrapers that inspired Radhakrishnan to leave everything aside and film Uncommon Sense.

The film had a special one-time pre-release screening for the Kochi-Muziris Biennale, which celebrates 100 years of Laurie Baker (1917-2017).

URL: http://www.frontline.in/arts-and-culture/cinema/reconnecting-with-laurie-baker/article9541545.ece?homepage=true

Courtesy: Frontline

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