Sharad Marathe, economist and senior member of India's Economic Service, documents how the original content and purpose of various industrial policy initiatives in India were rendered impotent by the maze of detailed regulations. The result has been the evolution of a rigid system which drastically curtails the degree of competition and the scope for innovation. Marathe argues eloquently that the recent political changes in India and the emerging signs of economic resilience provide a rare opportunity for a major overhauling of the system.
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'The chapter on public sector undertakings is of particular interest to students of public administration... If one is looking for a historical development of industrial policy in India, particularly since Independence, this is an excellent resource.' -- The American Review of Public Adminstration
`The uniqueness of this volume lies in two factors viz., comprehensive coverage, and multifocal treatment. It goes into the socio-economic situation, ideological base and the dynamics of the policy process, legal framework and the administrative process, problems of complimentarity among the various instruments of state and its inadequacy, and an analysis of the impact of policy, law, and its administration . . . the range and richness of data presented by Marathe is insightful' -- Productivity Vol 28 No 4 1988
`An admirable book, the first comprehensive, analytic and well documented study of India's industrial policies over the last 40 years since shortly before Independence . . . a sober appraisal of the whole economic situation of the country . . . an excellent book and one that should be mandatory reading for every industrialist, every student and above all every politican and bureaucrat' -- Management and Labour Studies Vol 13 No 2 April 1988
`an admirable study.' -- Iimb Management Review
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