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J. Dennis Rajakumar
J. Dennis Rajakumar is the Director of Economic and Political Weekly Research Foundation, Mumbai. He received his Ph.D. (Economics) and M.Phil. (Applied Economics) from Jawaharlal Nehru University, New Delhi through Centre for Development Studies, Thiruvananthapuram. He was Charles Wallace India Trust Visiting Research Fellow at The Management School, The University of Edinburgh, Edinburgh, UK (February - April 2005). His research interests include applied macroeconomics, applied financial economics, and studies of corporate sector in India. He has published several research papers.
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Analysing net foreign earnings of India's corporate sector
The corporate sector is the linchpin of the ‘Make in India’ campaign. This column finds that the sector is increasingly relying on imported inputs and its net foreign earnings are on the decline, thus contributing to the country’s current account deficit. It suggests that ‘Make in India’ should emphasise domestic procurement of inputs and strengthen technological capabilities in the country.
