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Hastening Slowly: India’s Industrial Growth in the Era of Economic Reforms
Suresh Babu
Price : ₹ 975.00  
ISBN : 9789352870783
Language : English
Pages : 256
Binding : Hardback
Book Size : 140 x 216 mm
Year : 2017
Series :
Territorial Rights : World
Imprint : No Image
Catalogues : EconomicsDevelopment Studies
About the Book

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.

Table of Contents

List of tables and figures
List of abbreviations
Foreword by K. L. Krishna

  1.  Introduction
  2. Analysing Industrial Performance: Perspectives and the Policy Environment
  3. Market Power and Competition in the Manufacturing Sector
  4. Evidence on Entry Barriers
  5. Total Factor Productivity Growth in Indian Manufacturing
  6. The Growing Unorganised Manufacturing Sector
  7. Trends in Regional Industrial Growth
  8. Industrial Performance: The Missing Dynamism?
  9. The Postlude


Contributors (Author(s), Editor(s), Translator(s), Illustrator(s) etc.)

M. Suresh Babu is Associate Professor, Department of Humanities and Social Sciences, Indian Institute of Technology, Madras.