The Framework for Resilient Industry: A Holistic Approach for Developing Economies

Countries such as India, Pakistan, Bangladesh, and Sri Lanka have economies that are categorised as capital deficit, whereas economies with abundant capital - such as those in Western Europe and North America - have lost little value in comparison during the global pandemic and other economic periods of this downturn. It is therefore a question of resilience that separates these developing economies.

The Framework for Resilient Industry examines the historical background of the Indian industry, its current status, and future opportunities and challenges. The chapters frame the historical context of the Indian industry and delves into region-specific issues such as micro, small, and medium enterprises (MSMEs), economic policy, risk management and sustainable industries.

The findings are valuable to policymakers, industrialists, and governments, both state and central, through efficient analysis. Academics, researchers, and students will also benefit from this discourse on economic resiliency.

Emerald Studies in Finance, Insurance, and Risk Management provides a platform for authors to explore, analyse and discuss current and new financial models and theories, and engage with innovative research on an international scale. Subjects of interest may include banking, accounting, auditing, compliance, sustainability, behaviour, management, and business economics.

Narinder Kumar is Assistant Professor of Economics, School of Economics, R V University, Bangalore, Karnataka, India.

Kiran Sood is a Professor at Chitkara Business School, Chitkara University, Punjab, India. She is also an Affiliate Professor in the Department of Insurance and Risk Management at the University of Malta.

Ercan Özen is Associate Professor of Finance in Department of Finance and Banking, Faculty of Applied Sciences, University of Uşak, Türkiye (Turkey).

Simon Grima is the Deputy Dean of the Faculty of Economics, Management and Accountancy, Associate Professor and the Head of the Department of Insurance and Risk Management at the University of Malta. Simon is also a Professor at the University of Latvia, Faculty of Business, Management and Economics and a visiting Professor at UNICATT Milan.