Hastening Slowly: India’s Industrial Growth in the Era of Economic Reforms

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Post-Independence India’s diverse economy witnessed major changes in the 1990s, most of which were aimed at changing the industrial landscape. As the control and command of the state were diluted, competitive market conditions were expected to take their place and enhance output growth in the manufacturing sector.

Hastening Slowly is a comprehensive analysis of the changes in the market structure and performance of Indian manufacturing industries since the onset of these policy changes. With in-depth analyses of market structure, market power and performance, competition and entry barriers, regional industrial growth patterns, and econometric substantiation, the author argues that market power does exist. The author also identifies and quantifies the major entry barriers—the biggest hindrance to the competitive process—strategically erected by firms in the Indian context.

Finally, the book briefly studies the productivity of major industries and regional inequality in the manufacturing sector. The author shows that there has been no substantial improvement in productivity, and that inequality across regions is widening. He also shows that unorganised manufacturing has performed better than organised manufacturing.

This meticulously-researched work, applicable not only to India but to any late industrialising country, is a pertinent contribution to the literature on economic policy and thought. Students and scholars of economics, management studies and development studies will find the book interesting.

ABOUT THE AUTHOR Suresh Babu

Dr. S. Suresh Babu MD (Ayurveda), a renowned writer and practitioner of Ayurveda has been teaching and writing for the cause of Ayurveda for more than two decades. Hailing from a family of traditional Ayurvedic physicians, his penchant for writing has led him to win many awards, including the much acclaimed Vaidya Ratna P.S. Warrier Prize of Arya Vaidya Sala, Kottakal (Kerala) for 'Best Thesis' three times consecutively in the years 1994, 1995 and 1996. Owing to a rare combination of innovation and sound practicality, he continues to be a much sought after practitioner, writer, and teacher in the Ayurvedic Medical world. His other published book from Pustak Mahal 'A Treatise on Home Remedies' has been widely appreciated. The co-author of this book, Dr. M. Madhavi is a research associate working with Dr. S. Suresh Babu.

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Bibliographic information

Title
Hastening Slowly: India’s Industrial Growth in the Era of Economic Reforms
Author
Edition
1st. ed.
Publisher
ISBN
9789352870783
Length
256p., Tables; Figs.
Subjects