2014 Regional Competitiveness Analysis and a Master Plan on Regional Development Strategies for India

Annual Competitiveness Update and Evidence on Economic Development Model for Selected States of India

Business & Finance, Economics, International Economics, Economic Development

• Author: Khee Giap Tan, Linda Low, Kartik Rao;Kong Yam Tan
• ISBN: 9789814667548
• Publisher: World Scientific Publishing Company
• Publication: May 11, 2015
• Imprint: WSPC
• Language: English

This book by the Asia Competitiveness Institute (ACI) presents the inaugural regional competitiveness analysis for the five regions of India as a basis for the Master Plan on Strategic Regional Economic Development using regional classifications as defined by the Confederation of Indian Industry. Potential strategic clusters are identified for intra-regional collaboration given each region's unique strengths and resource endowments to facilitate accelerated economic growth and development which is balanced, fair and sustainable. The book also presents an update of ACI's annual competitiveness analysis of India's 35 states and federal territories. States and federal territories are ranked by ACI's comprehensive methodology by employing 75 indicators across four environments. Going beyond the rankings, the what-if policy simulations offer states and federal territories relevant policy prescriptions based on their respective strengths and weaknesses. A subset of the competitiveness indicators are then utilised for Geweke Causality Analysis to highlight the impact of strong leadership on economic development in the states of Bihar and Tamil Nadu.

Contents:

• 2014 Annual Update on Competitiveness for 35 States and Union Territories of India: An Overview

• 2014 Inaugural Regional Competitiveness Analysis and Strategic Economic Development for India: Vision 2030

• Competitiveness Analysis on the Eastern Region: The States of Bihar, Chhattisgarh, Jharkhand, Odisha and West Bengal, and the Union Territory of Andaman & Nicobar Islands

• Competitiveness Analysis on the Northern Region: The States of Haryana, Himachal Pradesh, Jammu & Kashmir, Punjab, Rajasthan, Uttar Pradesh and Uttarakhand, and the Union Territories of Chandigarh and Delhi

• Competitiveness Analysis on the North Eastern Region: The States of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura

• Competitiveness Analysis on the Southern Region: The States of Andhra Pradesh, Karnataka, Kerala and Tamil Nadu, and the Union Territory of Puducherry

• Competitiveness Analysis on the Western Region: The States of Goa, Gujarat, Madhya Pradesh and Maharashtra, and the Union Territories of Dadra & Nagar Haveli and Daman & Diu

• Geweke Causality Analysis for Economic Development of Bihar and Development of the Tourism Sector in Tamil Nadu: The Importance of Strong Leadership by Local Governments

• Concluding Remarks and Future Research Agenda

• Appendices:

  • 35 Indian Economies Indicators List
  • Computation of Rankings: The Algorithm
  • Notes on Data Aggregation for Computation of Regional Rankings

Readership: Academics, undergraduate and graduates students, professionals interested in India's development.
Key Features:

• Unique volume covering whole spread of all 35 states and federal territories and five regions of India
• Updated rankings for the states at the sub-national level for 2014 with the latest available data
• Proven methodology applicable to the rest of Asia with an impact on Asian Competitiveness Institute's scope of work and coverage