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

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 Overview2014 Inaugural Regional Competitiveness Analysis and Strategic Economic Development for India: Vision 2030Competitiveness Analysis on the Eastern Region: The States of Bihar, Chhattisgarh, Jharkhand, Odisha and West Bengal, and the Union Territory of Andaman & Nicobar IslandsCompetitiveness 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 DelhiCompetitiveness Analysis on the North Eastern Region: The States of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and TripuraCompetitiveness Analysis on the Southern Region: The States of Andhra Pradesh, Karnataka, Kerala and Tamil Nadu, and the Union Territory of PuducherryCompetitiveness Analysis on the Western Region: The States of Goa, Gujarat, Madhya Pradesh and Maharashtra, and the Union Territories of Dadra & Nagar Haveli and Daman & DiuGeweke Causality Analysis for Economic Development of Bihar and Development of the Tourism Sector in Tamil Nadu: The Importance of Strong Leadership by Local GovernmentsConcluding Remarks and Future Research AgendaAppendices:35 Indian Economies Indicators ListComputation of Rankings: The AlgorithmNotes 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 IndiaUpdated rankings for the states at the sub-national level for 2014 with the latest available dataProven methodology applicable to the rest of Asia with an impact on Asian Competitiveness Institute's scope of work and coverageKeywords:India;Sub-National Competitiveness;Regional Competitiveness;Development Strategies;Policy RecommendationsReview: "The Master Plan for Regional Economic Development brought out by the Asia Competitiveness Institute, Lee Kuan Yew School of Public Policy, National University of Singapore is timely and captures the growing dynamism and economic vibrancy in India. The book brings fresh perspectives to the emerging growth models in India at a regional level through in-depth analysis." Mr Chandrajit Banerjee Director General Confederation of Indian Industry "This competitiveness study provides an in-depth assessment of the performance of states and federal territories of India through the perspective of an objective observer from the outside. With the Indian federal system moving rapidly towards decentralisation, the book's insights into the challenges and opportunities at the state level is a valuable resource for policy makers, administrators and industry practitioners alike." Mr Mohan Guruswamy Chairman Centre for Policy Alternatives, New Delhi