THE INDIAN ECONOMY IN THE ERA OF FINANCIAL GLOBALISATION

PROGRAMME

28 September 2006

9.00-9.30. Welcome of the participants

• Introduction by France Bhattacharaya (in charge of the Indo-French programme, Foundation Maison des Sciences de l’Homme)
• Presentation by Jean-Luc Racine (CNRS, Center for the Study of India and South Asia, EHESS, and Foundation Maison des Sciences de l’Homme, Paris)

9.30-10.00. The Historical Evolution of the Indian Bourgeoisie: Some Questions and Reflections
Max-Jean Zins (CERI-Sciences-Po, Paris)

10.00-13.00. Session 1: The Indian Economy in the World Markets
Chair: Thierry Coville
10.00-10.30. India’s greater openness to the world market: A new position in the global division of labour?
Diana Hochraich (Ministry of Economy and Finances/EconomiX-University Paris X, Nanterre)

10.30-11.00. FDI and Globalisation in India
Françoise Hay (University of Rennes I)

11.00-11.20. Coffee Break

11.20. Session 1 (contd.)
Chair: Thierry Coville
11.20-11.50. International expansion by Indian firms,
What of European market entry?
Christian Milelli (CNRS/EconomiX-University Paris X, Nanterre)

11.50-12.20. Regional Trading Arrangements of India : Conceptual and Policy Issues
Ram Upendra Das (Research and Information System for Developing Countries, New Delhi)

12.20-12.40. Discussion of the 4 papers
TBA

12.40-13.00. Floor discussion

13.00-14.00. Lunch at the Maison des Sciences de l’Homme

14.00-18.00. Session 2: The Impact of Openness on the Indian Economy
Chair: Diana Hochraich
14.00-14.30. Comparative Advantage and Sustainable Economic Growth in India after 1991
Matthew McCartney (School of Oriental and African Studies/SOAS, University of London)

14.30-15.00. Stock Market Development, Capital Accumulation and Growth in India Since 1950
Prabirjit Sarkar (Jadavpur University, Kolkata)

15.00-15.30. Corporate Behaviour under Liberalized Finance : The Indian Experience
Prasenjit Bose (Independent researcher, New Delhi)

15.30-16.00. Financial Deregulation, Fiscal Balance and Corporate Investment in India In the Age of Financial Globalization
Byasdeb Dasgupta (University of Kalyani, West Bengal)

16.00-16.20. Tea Break

16.20-18.00. Session 2 (contd.)
Chair: Christian Milelli
16.20-16.50. Are there financial risks to strong growth?
Delphine Cavalier (Asia Country Risk Economist, BNP-Paribas, Paris)

16.50-17.20. Indian Reforms in the Manufacturing and Financial Sectors: Winners and Losers
Diana Hochraich (Ministry of Economy and Finances/EconomiX-University Paris X, Nanterre)

17.20-17.45. Discussion of the 6 papers
TBA

17.45-18.00. Floor discussion

18.00-19.00. Cocktail at the Maison des Sciences de l’Homme

19.45. Dinner. Departure from the Maison des Sciences de l’Homme

29 September 2006

10.00-12.45. Session 3: Agricultural and Labour Markets
Chair: Françoise Hay

10.00-10.30. Labour Market and Social Protection Before and After Reforms
Sandrine Rol (Economist, Centre d’Observation Economique, Chambre de Commerce et d’Industrie de Paris)

10.30-11.00. Labour under De-regulated Finance:Some Concerns for India
Sunanda Sen (Visiting Professor Academy of Third World Studies Jamia Millia Islamia New Delhi)

11.00-11.20. Coffee Break

11.20-12.45. Session 3 (contd.)

11.20-11.50. The Indian Agriculture in the Era of Globalisation
Gilbert Etienne (Institut Universitaire de Hautes Etudes Internationales, Genève et Institut Universitaire d’Etudes du Développement, Genève)

Chair: Françoise Hay
11.50-12.20. Trade Openness, Poverty and Inequality in India: Literature and Empirics at the Sub-National Level
Rongili Biswas (Bethune College, Kolkata) and Alice Sindzingre (CNRS, EconomiX-University Paris X, Nanterre)

11.50-12.20. Discussion of the 4 papers
TBA

13.00-13.30. Floor Discussion

13.30-14.30. Lunch at the Maison des Sciences de l’Homme

14.30-16.30. Round Table: The Prospects of the Indian Economy: Catching Up or Falling Behind?

Chair: Gilbert Etienne
Rongili Biswas, Pabirjit Bose, Diana Hochraich, Joël Ruet, Pierre Salama, Prabirjit Sarkar, Ram Upendra Das

16.30- 17.30. The Way Ahead