Articles by D Narayana

Performance of Motor Vehicles and Electronics Industries, 1981-91 D Narayana K J Joseph The entire premise of structural reform is that the micro units, viz. the firms, will respond to the stimuli of the macro environment Given that the gradual opening up of the Indian economy can be traced to the late seventies and the early eighties, this process has been at work for over 10 years, which is not a short period. How have the firms responded to the policy changes? Can we learn some lessons from the experience of the last 10 years? This paper seeks to address these issues with specific reference to the motor vehicles and electronics industries.

A Critique of Narasimham Committee Report D Narayana THE Indian banking and financial system has made commendable progress in the last 20 years. A measure of this progress is in its geographical spread and reach of sectors of production and segments of population, which the normal growth of the system would not have touched. Behind such spectacular growth lay the directed growth of the system. Now, in the 90s, the Narasimham committee has recommended the doing away with of such directed growth and has argued for the free play of market forces. This, the committee argues, would arrest the erosion of "the real value of and return on the savings entrusted to (the financial institutions] and restore "depositor and investor confidence".

the poor, then the appropriate performance index would be not just th- head-count ratio but the Sen-index.
VII Conclusions It has been shown that the revised population estimates which incorporate the results of the 1981 census corrected for under-enumeration, would lead to an estimated 334 million poor in 1981-82 under the assumption of distributional neutrality of growth where growth in per capita expenditure (PCE) is inclusive of the additional consumption generated by IRDP. A netting out of additional consumption generated by IRDP pushes up this figure to 340 million (Table 5, line 4)'. If we subs tract from this, 11 million people who could plausibly have been pushed above the poverty line by IRDP the estimated incidence of poverty in 1981-82 would be 46.50 per cent or 329 million poor instead of 41.50 per cent or 282 million poor. It must be stressed that even this estimate of the poor assumes at the very minimum that the groups which are deemed to have been pushed up by growth did experi ence the average growth rate in their PCEs. If even this assumption does not hold, .is is likely in the urban case, the number of urban poor and hence the total ' (rural plus urban) poverty population would be higher.