This book seeks to interrogate the common belief that the Nehruvian economic policies stultified Indian economic growth. It provides detailed data including the interaction between the then major business chamber, FICCI, and the Indian government which provided the politico-economic atmosphere for the neo-liberal reforms that followed later.
Tracing the origin and development of FICCI, it discusses at length the role it played in the economic development of the country. It also deals with the formulation of Industrial Policy, 1944-1949, establishing the institutional framework for the Industrial Policy, 1947-1951, the development of Industrial Policy 1951-1956, and the liberalization of industrial policy and the growth of monopoly, 1964-1966.
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