The need for a well-thought out strategy to manage the development processes in India is a long desired one, says Asit Banerji, former Professor, IIM, Lucknow. In his perception of development in India, the author feels that the fact that economic change does not operate in isolation but is linked to the political, social and cultural fabric of society was missed out. Banerji suggests innovative ways of creating conditions of market liberalization that would need optimal utilization of the material, human and emotional resources at each level.
ABOUT THE AUTHOR Asit Banerji
Asit Banerji was a professor at the Indian Institute of Management, Lucknow where he worked during the period 1986-2004. Prior to that he had served as a member of the faculty at The Institute of Financial Management and Research, Chennai, The North Eastern Hill University, Shillong and The University of Delhi. He has also worked as a Consultant with the National Industrial Development Corporation, New Delhi and The Bureau of Industrial Costs and Prices (Ministry of Industries, GOI), New Delhi. Asit Banerji was also a Visiting Research Fellow with the Institute for Developing Economies, Tokyo (1988–1989) and has authored two books: Capital Intensity and Productivity in Indian Industry (Macmillan, India) and Economic Theory, a textbook for undergraduates (Macmillan, India). He has published papers in Indian and international journals and authored several expert reports and monographs on specialized subjects.
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