This book presents fresh research on how Foreign Direct Investments (FDI), Micro, Small and Medium Enterprises (MSMEs), patterns of clustering, digitalization and innovation policies, interact and influence India's industrialisation and its greening or sustainability. As India seeks to accelerate its process of industrialization especially focusing on the manufacturing sector, different interactions between agents of industrialization need to be understood better through evidence-based research. The volume through its 17 original contributions, focuses on three broad interrelated themes: FDI, export performance, innovation and environmental sustainability; growth, competitiveness and spatial distribution of MSMEs concerning access to finance, digitalisation and sustainability; and, green technology, circular economy and challenges towards clean transition and green industrialization. Research presented in this book does not see industrialization as an isolated process from globalization and appreciates the need to act upon specific impacts of foreign trade and investments. With a focused and futuristic approach towards industrialisation in India, it provides rigorous evidence-based treatment of complex interactions using secondary and primary sources of data deploying appropriate analytical techniques. In light of empirical findings, each chapter comes up with policy lessons for industrial strategy.
Shedding new light and evidence, this book makes an important contribution by helping to generate a better understanding of the process of green industrialization and how it can be fostered to create inclusive and sustainable prosperity. It will be an invaluable resource for policymakers, analysts, researchers and students of industrial and environmental economics.
