Regulation and development : India's policy experience of controls over industry

Bibliographic Information

Regulation and development : India's policy experience of controls over industry

Sharad S. Marathe ; under the auspices of the Centre for Policy Research

Sage Publications, 1989

2nd ed

  • U.S.
  • India

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Note

Bibliography: p. [335]-338

Description and Table of Contents

Description

This comprehensive analytical study of the evolution ofindustrial policy in India documents how, over a period of time, the original content and purpose of various policy initiatives were rendered meaningless. The author shows how the acute shortage of foreign exchange in the sixties and seventies in India and the administrative responses to it were among the main causes of the distortion in the policy perspective. The author's main finding is that, once the industrial system veered towards regulation rather than development, it acquired a momentum of its own. A convergence of interests developed between politicians, bureaucrats and a powerful section of industrialists. These vested interests, operating at different levels, developed a major stake in perpetuating the system. In conclusion, Professor Marathe argues in favour of the need to move away from the traditional policy perspectives.

Table of Contents

Foreword - V A Pai Panandiker Introduction Evolution of Thinking on Policies for Industrialisation Evolution of Industrial Policy -- 1945-1973 Legislative Mechanism Industrial Policy Since 1973 Industrial Policy and the Five-Year Plans Import Substitution -- Some Consequences Public Sector as an Instrument of Growth Dispersal of Industry-Growth and Removal of Regional Disparities Pricing Policy for Industry Conclusions Epilogue Appendix I Statement of Industrial Policy, April 1945 Appendix II Schedules A and B Attached to the Industrial Policy Resolution, 1956 Appendix III Appendix I Industries Listed in Press Note Dated 2 February 1973 Appendix IV List of Special Regulation Industries (Industries Requiring Special Regulation) Appendix V Bureau of Industrial Costs and Prices

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