Search Results (126)

This paper analyzes the Hindu concept of sevā—selfless service—as a theo-ethical practice that reconfigures the relationship between religion and economy, offering a snapshot of an Indian perspective on the convergence between postsecularism and postcapitalist discourses. Rather than being reducible to acts of charity, sevā integrates spiritual, ethical, and social dimensions that challenge the neoliberal emphasis on individual self-interest and material accumulation. Rooted in the pursuit of liberation and relational well-being, sevā frames economic and moral agency in terms of embeddedness, reciprocity, and care. To illustrate sevā’s unique attributes, the paper engages with two case studies. The first explores Mahatma Gandhi’s philosophy, where sevā is articulated through a non-anthropocentric ethic of nonviolence (ahiṃsā), obliging the reconstruction of eco-economic mechanisms and environmental responsibility. The second examines contemporary guru-bhakti communities in Delhi’s urban peripheries, where sevā functions as spiritual discipline (sādhana), a means for communal uplifting, and the expression of kalyāṇ—holistic well-being that transcends individual boundaries. In both contexts, sevā emerges as a practice that intervenes in and reshapes socio-economic life. By foregrounding sevā as a lived practice, the paper situates Indian religious traditions as a distinctive contribution to broader postcapitalist and postsecular debates. It argues that sevā offers an alternative model of personhood and ethical intentionality—one that contests dominant binaries of spiritual/material, secular/religious, and human/nature, and reimagines human flourishing through the lens of relational ontology and collective responsibility. Full article

Despite manufacturing firms recognizing the potential benefits of polymer-based smart materials (PBSM) in additive manufacturing (AM), their large-scale integration remains limited. As manufacturing firms strive toward net-zero emissions (NZE) and sustainable manufacturing, integrating PBSM into AM could be pivotal for manufacturing firms striving to achieve NZE and more sustainable production. In this regard, this study uses a mixed-method approach: a systematic literature review (SLR) to address the current trends and critical challenges associated with the “development, processing, and scalability” of PBSM adoption for AM. Further, the study analyzes 100 responses from Indian manufacturing firms, employing exploratory factor analysis (EFA) to develop a framework. This framework is further validated by determining the priority order of challenges using the Combined Compromise Solution (CoCoSo) through a case study. The outcome highlights that end-of-life management and lack of standardization are the most critical challenges for manufacturing firms, restricting the adoption of PBSM for AM. This research provides valuable insights for industry professionals and academia, guiding a strategic roadmap toward net-zero manufacturing. With this transformation, industries can align with global net-zero targets and contribute to India’s net-zero economy (NZE) goal by 2070. Full article

Beer is one of the most widely consumed alcoholic beverages and is rich in nutrients. Meanwhile, bread waste is a major contributor to global food waste. This study investigated substituting up to 50% of malt with whole wheat bread in American lager, Indian pale ale, and Bavarian weiss ale to reduce bread waste and enhance beer’s nutritional profile. The study assessed physicochemical properties, bioactive compounds, and volatile profiles of bread-based beers versus traditional malt-based brews. Results showed that bread beers maintained key properties while increasing bioactive compounds, especially in Bavarian weiss, which had higher total polyphenol content (1.04 mg GAE mL⁻¹ compared to 0.507 mg GAE mL⁻¹). Antioxidant activity in weiss beer also increased (2.007–2.057 μMol DPPH mL⁻¹ relative to 0.68–1.75 μMol DPPH mL ⁻¹ in 100% malt weiss). PCA analysis highlighted a distinct bioactive profile in bread beers, with elevated phenylethyl alcohol and ethyl octanoate. Substituting malt with bread was feasible, producing beers of comparable quality and potential health benefits. These findings support bread as a sustainable, cost-effective malt alternative, reducing waste and enhancing beer within a circular economy framework. Full article

Artificial intelligence (AI) is transforming the internationalisation activities of multinational corporations (MNCs) through enhanced operational efficiencies and optimised decision-making; though the moderating factors influencing its impact on export-led internationalisation remain underexplored. This research adopts a Resource-Based View (RBV) approach to examine the complex relationship between AI capabilities and the export performance of Indian MNCs, with cultural distance serving as a moderating factor, analysing how AI adoption influences export intensity, trade expansion, and market penetration strategies. Data from a 2024 survey of 449 Indian exporters across various industries, analysed using Structural Equation Modelling, reveal that AI capabilities positively impact export performance particularly in markets characterised by high institutional uncertainty and complex regulatory environments. Moreover, cultural distance acts as a significant moderator, amplifying the role of AI in navigating consumer preferences, language barriers, and localised business practices. AI-powered analytics help firms better understand foreign markets, adapt to cultural differences, and optimise international operations. This study advances the scholarly understanding and contributes to internationalisation theory by integrating AI-driven trade strategies with institutional and cultural moderating factors and offers a structured framework for corporate managers and policymakers to formulate AI-based strategic decisions that leverage AI to mitigate trade-related uncertainties, improve their compliance with international regulations, and strengthen global trade competitiveness in emerging economies. Full article

Aquaponics integrates aquaculture and hydroponics, promoting circularity through the recirculation of water and nutrients. However, waste management remains a challenge. This study aimed to evaluate the anaerobic digestion (AD) of aquaponic effluent (AE) combined with cattle manure (CM) for biogas production. An Indian model biodigester was fed with AE, CM and 1:1, 1:3, and 3:1 W (Water):CM, under anaerobic mono-digestion (MoAD) and 1:1, 1:3, and 3:1 AE:CM under anaerobic co-digestion (CoAD) conditions. The chemical characteristics of the substrates and digestates were assessed, as well as the potential for biogas production over 19 weeks. Overall, CoAD provided better results regarding the chemical characterization of the substrates aimed at biogas production. Notably, the 1:3 AE:CM ratio resulted in the most promising outcomes among the tested conditions. This ratio demonstrated higher efficiency, initiating biogas production by the third week and reaching the highest accumulated volume. It is probable that AE increased the dissolved organic load, optimizing the conversion of organic matter and eliminating the need for additional water in the process. Thus, the CoAD of AE and CM emerged as a promising alternative for waste valorization in aquaponics, contributing to renewable energy generation, agricultural sustainability, and the promotion of the circular economy. Full article

The research concentrates on determining the degree of internationalization of born global SMEs, believing that some push factors determine internationalization, pull factors, and internal firm-specific factors. Three important factors were found in looking into the causes of internationalization in born global firms: push, pull, and internal firm-specific factors. The study used a survey instrument with a sample of 280 manufacturing-related SMEs chosen from manufacturing clusters in India. A metric called the “index of internationalization” is used to gauge how internationalization in SMEs takes shape. The results demonstrated that internal firm-specific factors influence the internationalization of firms relatively highly compared to push and pull factors. The results unequivocally demonstrate that developing economies have distinct factors that cause internationalization, opening up new avenues for further study. The research aids in the identification of the elements that will enhance early internationalization and tries to draw the attention of young entrepreneurs. This research also helps prioritize the factors responsible for early internationalization. These findings are pertinent for the practitioners and researchers working in this area. This research is helpful for start-ups looking for global opportunities; this research categorizes factors significant in the global journey of the born global firms. Full article

This paper explores the co-constitution of systems of social distinction, culinary habits, and political economies. During the Depression in British Honduras (Belize), unemployment, hunger, and malnutrition ignited panic, unrest, and uprising. At the same time, agents of a mahogany company and the colonial government displaced an entire Maya farming community. Why was Maya farming not considered a pillar of the colony’s economy? For more than a century, colonial administrators had made scarce attempts to stimulate domestic food production and distribution, and stimulating corn production was not even considered. Corn had become racialized, called “Indian corn”, and was considered disgusting, unhealthy, and the cause of high Indian mortality rates. A visceral disgust for corn was hard to disentangle from British disgust for Indians more generally. The racialization of corn emerged alongside and reinforced colonial economic policies of structural underdevelopment, all of which ensured that when Belize City residents were standing in food lines, the abundant harvests of Indian corn were nowhere within reach. Full article

Understanding how crises like the COVID-19 pandemic affect variable annuity pricing is crucial, especially in emerging markets like India. The motivation is that financial stability and risk management in these markets depend heavily on accurate pricing models. While prior research has primarily focused on Western markets, there is a significant gap in analyzing the impact of extreme volatility and regime-dependent dynamics on variable annuities in emerging economies. This study investigates how regime shifts during the COVID-19 pandemic influence variable annuity pricing in the Indian stock market, specifically using the Nifty 50 Index data from 7 September 2017 until 7 September 2023. Advanced methodologies, including regime-switching hidden Markov models, artificial neural networks, and Monte Carlo simulations, were applied to analyze pre- and post-COVID-19 market behavior. The regime-switching hidden Markov models effectively capture latent market regimes and their transitions, which traditional models often overlook, while neural networks provide flexible functional approximations that enhance pricing accuracy in highly non-linear environments. The Expectation–Maximization (EM) algorithm was employed to achieve robust calibration and enhance pricing accuracy. The analysis showed significant pricing variations across market regimes, with heightened volatility observed during the pandemic. The findings highlight the effectiveness of regime-switching models in capturing market dynamics, particularly during periods of economic uncertainty and turbulence. This research contributes to the understanding of variable annuity pricing under regime-dependent dynamics in emerging markets and offers practical implications for improved risk management and policy formulation. Full article

In this research, the direct and indirect effects of foreign direct investment (FDI) inflows on carbon dioxide (CO₂) emissions in India are examined, covering the period from 1980 to 2014. To quantify the indirect outcome of the existence of FDI on CO₂ emissions, in this study, the three mediating channels of FDI are considered. The three broad mediating channels of FDI inflows are energy structure, industrial structure, and high-carbon technology, by which foreign direct investments affect India’s carbon dioxide emissions. In this study, the unit root test, the Johansen cointegration, the Granger causality technique, and the seemingly unrelated regression (SUR) are used for the empirical analysis. The findings discover a process of cointegration in the long-run and reveal unidirectional causation between FDI inflows and CO₂ emissions. The outcomes of the SUR estimation indicate that all the mediating factors substantially contribute to the level of CO₂ emissions. In this paper, the findings reveal that FDI inflows affect the level of India’s CO₂ emissions mainly via mediating factors compared to their direct effect. Finally, in this research, it is recommended that the concerned authorities should prioritize the redistribution of foreign direct investment from high carbon-intensive technologies to less carbon-intensive and cleaner technologies for India’s carbonless and sustainable future. Full article

In analyzing the decoupling of emissions from economic growth, current literature foregoes the nonlinear complexities of macroeconomic systems, leading to ineffective energy transition policies, specifically for developing countries. This study focuses on the Indian energy–economy–emission nexus to establish a control system that internalizes inflation, trade openness, and fossil fuel imports with economic growth and macro-emissions to visualize the complex pathways of decoupling. Through long-term cointegration and vector error correction modeling, it was found that GDP and energy affect capital, inflation and energy imports, which are locked in a long-run negative feedback loop that ultimately increases emissions. Capital growth enables decoupling at 0.7% CO₂ emissions reduction for every 1% capital growth, while 1% inflation growth inhibits decoupling by increasing CO₂ emissions by 0.8%. A cybernetic fractional circuit of R-C elements and operational amplifiers was utilized to examine the delay of pulses from GDP to the loop elements, which revealed that capital is periodic with GDP pulses. However, inflation, being aperiodic with the clock pulses of GDP, causes the pulse-width of capital to decrease and fossil fuel imports to increase. Through the circuital model, it was possible to determine the exact policy intervention schedule in business cycle growth and recession phases that could build clean energy capital and limit inflation-induced recoupling. Full article

Background: The supplier selection process (SSP) has grown as a crucial mechanism in organizations’ supply chain management (SCM) strategies and as a foundation for continuously gaining a competitive advantage. The concept of the circular economy has garnered significant interest due to its ability to address both environmental and social criteria. It is highly important to carefully choose suppliers across all industries that take into account circular and sustainability issues, as well as traditional criteria. There is very limited research involving the supplier selection process in the Indian HVAC manufacturing sector. Design/Methodology/Approach: Thus, this study aimed to determine the critical factors for sustainable supplier selection for HVAC manufacturing firms using a mixed research method with three stages: a secondary study, the Delphi method, and the fuzzy analytical hierarchy process (FAHP). Thirty-two critical sub-factors were identified and grouped into eight major factors: delivery, economic, environmental, social, management and organization, quality, services, and supplier relationship. Results/Conclusions: For HVAC manufacturing firms, the major factors of delivery, quality, and economics were found to be top-ranked among the factors, followed by environmental factors. Studies in developing countries using sustainable factors are still nascent, especially in India. Originality/Value: This study’s novelty lies with the proposed eight major factors, comprising all facets of organizations, including sustainability factors. Supplier selection in HVAC manufacturing firms is exhaustively dealt with in this study, filling a gap in the existing literature. This is important because HVAC products are high-energy-consuming, high-energy-releasing, and costly. Full article

For developing nations to achieve net-zero targets, macroeconomic linkages impacting the decoupling of emissions from economic growth must account for non-linear business cycles and economic shocks. This study aims to delineate decarbonization policy pathways for the Indian electricity sector in the aftermath of COVID-19 by analysing the long-term evolution of the economy–electricity–emissions (3E) nexus during the 2008 financial crisis and during COVID-19, covering the period of 1996Q2 to 2020Q3. Upon testing multiple theoretical 3E systems, it was found that a model internalizing trade, inflation, and stochasticity was able to minimize the reproduction errors from growth to recession phases, as well as predict the rebound effect from an economic crisis. This was revealed to be due to more information within the coefficients in a trade stochastic model. Our results confirm the existence of electricity-associated emission decoupling with capital formation in the long-run, post-crisis, while economic growth and inflation increase CO₂ emissions. The main finding highlights the negative feedback loop of inflation->trade->emissions, which shows that GDP and emissions are not directly causal. This long-run macroeconomic dynamic death spiral causes decoupling to be inhibited, where fossil fuel imports should not be subsidized for economic shock rebound, and the risk hedging of energy transition investments should occur in the post-COVID-19 era. Full article

The study analyses the impact of financial reputation on the cost of debt financing for Indian companies. In doing so, panel regression analysis is performed using firm-specific data on 395 Indian listed firms covering 2002–2017. The paper uses market capitalization as a benchmark of financial reputation. For robustness check, excess of market value over book value is also used as a proxy of financial reputation. The study found that the reputation of a firm in financial markets plays a vital role in determining the cost of financing. The results provide evidence supporting a significant negative relationship between financial reputation and the cost of debt. The findings provide motivation for corporate managers to invest in reputation-building activities to reduce the cost of borrowing. The relevance of reputation in lowering the cost of debt capital has garnered limited attention, especially in emerging economies like India. This study is a preliminary attempt to link two strands of research in the Indian context: financial reputation and the cost of debt. Full article

During the third millennium cal BC, the Indus communities exploited great quantities of chert from the Rohri Hills mines in Upper Sindh for making different types of artifacts. This paper discusses the way chert was transported to the Indus Civilization centers and the problems related to the type, quantity, and quality of raw material and artifacts that were transported, including when, why, and where. This paper raises the question of land and water transport. Both these methods were probably used according to the landscape location of the Indus sites. Another problem concerns the landscape characteristics of the Indus Valley during the Bronze Age before the climate changes that took place around the end of the third millennium cal BC and the disappearance of the Hakra River, which was an important watercourse during the Indus phase. What do we know of the way the Indus communities exploited, transported, and circulated knappable chert? Why have the Indus settlements excavated around the Rohri Hills, the largest chert mines of the Indian Subcontinent, yielded little evidence of chert artifacts and nodules? What do we know of this important problem, which is strictly related to the everyday life of the Indus communities and their economy? Why this problem has been systematically neglected by most archaeologists despite its importance? Full article

Communities throughout the United States have come to rely upon agriculture as a pillar of their political integrity, economic security, and health and wellbeing. Climatic conditions in the western portion of the United States necessitate most lands be irrigated to be arable. As a result, a major portion of the economy of the United States, and by extension the world economy, is driven by the continued viability of western United States water law and policy. Furthermore, due to the strong interrelationship between anthropogenic consumptive uses, streamflows, and wetland/riparian area ecology, irrigation demand has a strong effect on stream morphology, quality, and biology for aquatic species. Western water management is a complex mosaic that is controlled by western state, federal, and tribal governments. Each of these systems of law have vulnerabilities to climate change, which is well understood to cause increasing water supply scarcity. This articledemonstrates the risks climate change poses to our management of irrigation water demand, as well as the interrelationship between water supply and demand. Due to the shared nature of the resource, this article addresses both tribal reserved rights and state-based rights using data from Indian reservations that either contain and/or are closely adjacent to non-tribal agricultural communities. Those data are used in a systems–dynamics model to integrate crop–water requirement estimation techniques with climate change estimates and a Monte Carlo analysis to assess how irrigation demand could change because of changing temperature, precipitation, incoming radiation, and wind speed caused by climate change. Results indicate that climate change will cause increases in irrigation requirements at most locations. Further, climate change is expected to significantly increase seasonal variability in many locations. The model provides a useful tool based upon publicly available data that will allow individual water users to make conservation decisions necessary to preserve their water rights as the climate changes. Full article