Regulation and development : India's policy experience of controls over industry
Author(s)
Bibliographic Information
Regulation and development : India's policy experience of controls over industry
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
by "Nielsen BookData"