India as a Market-oriented Economy: Present and Future P.V. Viswanath FIN 680A/ FIN 360A/ INB 670C/ ECO 395 Fall 2009

Course Focus This course will look at the evolution of companies in India as the country moves towards being a more open and market-oriented economy. We will look at the changing financial framework in which these firms operate; how it has helped, hindered and changed firms' strategies. In particular we will look at the move from a planned economy to an economy driven by consumer and investor needs and demands

Course Focus We will also look at how India is preparing to be a future economic power, including the challenges and opportunities facing Indian leaders. Infrastructure, both financial and physical will be addressed. Students will visit firms in several industries, financial institutions, cultural and historical sites, and business schools.

Industries Entertainment –Bollywood Film Studio Auto Industry and Ancillaries –Tata Motor Company –Gilbert and Maxwell Transformers Private Limited –Bosch (India)

Industries IT/ BPO –Tata Consultancy Services Financial Services and Financial Infrastructure –National Stock Exchange/ Reserve Bank of India/ SEBI –Microfinance Housing Corporation –Foreign Exchange Market Innovation –Tata Research Development and Design Centre (TRDDC) –Grassroots Innovations Augmentation Network (GIAN)

Visits: Bombay Finance/Management Visits –Indian Express (Newspaper) –National Stock Exchange/ Reserve Bank of India –Federation of Indian Export Organizations –Microfinance Housing Corporation –Foreign Exchange Market in India –Securities and Exchange Board of India (SEBI) –Bollywood Studio Cultural Visits –Dharavi –Market Tour

Visits: Nashik Finance/Management Visits –Sula Vineyards –Gilbert and Maxwell Transformers Private Limited –Bosch (India) Cultural Visits –Godavari –NandurMadhmeshwar Bird Sanctuary

Visits: Pune Financial/Management Visits –Tata Motor Corporation –Tata Research Development and Design Centre (TRDDC) –TCS (Tata Consultancy Services) –GIAN: Innovation Cultural Visits –Shaniwar Wada –Peshwa Museum –Singhgad

Course Structure We will have online discussions based on texts throughout the term. In addition, we will, tentatively, have six in-class meetings: –September 21 –Oct. 5 –Oct. 26 –Nov. 16 –Nov. 30 –Dec. 7

Course Requirements Participation in Online Discussions Report on a topic of choice (to be selected with me) and powerpoint presentation on Nov. 30/Dec. 7 (for graduate students only) Brief write-up (about two pages) on the trip as a whole plus more focused descriptions of two specific visits, not in the same industry/area (two pages per visit).

Potential Research Topics Any industries of interest to you –Auto Industry –Entertainment –Print Microfinance Financial Services in India Population Demographics and the pattern of industrial development

Bombay: Gateway of India

Marine Drive: Queen ’ s Necklace

Bombay: September Festivals Ganesh Chaturthi Bandra Fair, Mount Mary Church

Nashik: Banks of the Godavari

Nashik: Architecture Traditional House Facade Sarkarwada: Historic building from 19 th century

Pune: Past and Present Shaniwar Wada: 18 th century palace fort Infosys building

Market Tour Mumbai is about the life and energy on its streets and its people, and there are few better places to experience this than walking through the bazaars of Kalbadevi and Bhuleshwar. The area is a fascinating mix of shops, stalls, noise and activity, as well as mosques, temples, peace and tranquility. The tour includes Crawford Market (fruit and veg market), Mangaldas Market (cotton/silk market), Jama Masjid (mosque), Zaveri Bazaar (gold market), Mumbadevi temple (Hindu temple), Bombay Panjrapole (Cow Shelter) and Madhav Baug (peaceful courtyard). Our guide will show you through the hustle and bustle of the area, stopping en route to talk about the area, its people and its culture. Although this is not a shopping tour, the guide can assist you if there's anything that catches your eye. And for those that want to, there will also be an opportunity to eat Mumbai's famous street food (mostly vegetarian).

Market Tour

Dharavi Tour Dharavi is the heart of small scale industries in Mumbai (annual turnover is approximately US$ 665 million). See a wide range of these activities- from recycling, the making of clay pots, embroidery, bakery, soap factory, leather tanning, papad (poppadom) making and many others, most of which take place in very small spaces. See the sense of community and spirit that exists in the area. People from all over India and from all religions live in Dharavi, Hindu temples, mosques and churches.

Sinhgad Fort, Pune Sinhagad is a fortress located roughly 30 kilometres southwest of the city of Pune, India. It is situated on a hill rising 800 metres above the surrounding countryside. The fort has been the site of many important battles, most notably the battle of Sinhagad in It’s history goes back to at least 1350 CE. Perched on an isolated cliff of the Bhuleswar range of the Sahyadri Mountains, its height above sea-level is 1350 metres.PuneIndiabattle of Sinhagad

Pandava Caves, Nashik A cluster of Hinayana Buddhist rock cut caves dating from around the 1st century BCE, the Pandavleni caves, are located on the Trivashmi hills. Remarkably carved doorways and brilliant sculptures are the main characteristics of Pandavleni caves, which might have been used as the dwelling places of the monks.