ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles by C P ChandrasekharSubscribe to C P Chandrasekhar

Economic Discipline and External-Vulnerability-A Comment on Fiscal and Adjustment Strategies

If two years of 'shock therapy' constitute any evidence, there is no ground for optimism regarding the viability of the government's current strategy either from a growth or from a balance of payments point of view.

Aspects of Growth and Structural Change in-Indian Industry

Indian Industry C P Chandrasekhar After long years of deceleration, the industrial sector has registered rates of growth comparable to the creditable performance during 1950-65. While the evidence of the recovery is somewhat not unequivocal, an understanding of the factors underlying the recovery would call for a study of some major aspects of growth and structural change in Indian industry over the last four decades.

Investment Behaviour, Economies of Scale and Efficiency in an Import-Substituting Regime- A Study of Two Industries

and Efficiency in an Import-Substituting Regime A Study of Two Industries C P Chandrasekhar India's post-independence strategy of import substitution based industrialisation has been subjected to a neoclassical critique from the point of view of efficiency by Bhagwati, Srinivasan, et al The negative aspects like high costs, technological obsolescence and inefficiency are traced to a wide array of controls on trade, capacity creation, production and prices. Votaries of the market mechanism basically arguecapacity creation, etc, have forced sub-optimal decisions on the entrepreneur. There is, as to why controls should necessarily lead to inefficient operation or the adoptionthere is a need for an empirical study of the concrete experience in order to establish that state controls on trade, however, no a priori reason of obsolete techniques. Hence the relation, if any, between controls inefficiency. This paper examines the evidence available in the case of the capital goods and synthetic fibres industry for support of the above mentioned critique of import substitution based industrialisation. It also examines the view that the free play of the market mechanism can do away with the deficiencies of the earlier phase.

Growth and Technical Change in Indian-Cotton-Mill Industry

After a period of relatively good performance in the fifties and early sixties, the textile industry entered a phase of 'crisis' in the mid-sixties characterised by a deceleration in the growth of output and investment and closure of a number of firms afflicted by 'sickness'.

Mechanisms of Oligopoly- Analysis of Cotton and Allied Textiles

Mechanisms of Oligopoly Analysis of Cotton and Allied Textiles C P Chandrasekhar AS far back as the turn of of the century, acute observers of contemporary capitalism had pointed to a tendency, which in their view, was to significantly alter the character and movement of the economic system, viz, the growing monopolisation of economic activity in general and industrial capital in particular. Fuelled by the coalescence of banking and industrial capital, this process, it was clear even then, necessitated not only a reformulation of theoretical constructs on the functioning of capitalism, but also the explicit incorporation of an international perspective in understanding economic and political developments both in the developed centres of capitalism and in the colonial and semi-colonial periphery.

Multi-Fibre Policy for Implications of Cotton Textile Industry

Textile Industry C P Chandrasekhar Mridul Eapen The manner in which the multi-fibre policy, and the reasons for its introduction, have been phrased raises a number of questions.


Back to Top