India's Late, Late Industrial Revolution: Democratizing Entrepreneurship
There is a paradox at the heart of the Indian economy. Indian businessmen and traders are highly industrious and ingenious people, yet for many years Indian industry was sluggish and slow to develop. One of the major factors in this sluggish development was the command and control regime known as the License Raj. This regime has gradually been removed and, after two decades of reform, India is now awakening from its slumber and is experiencing a late, late industrial revolution. This important new book catalogues and explains this revolution through a combination of rigorous analysis and entertaining anecdotes about India's entrepreneurs, Indian firms' strategies and the changing role of government in Indian industry. This analysis shows that there is a strong case for a manufacturing focus so that India can replicate the success stories of Asian countries such as Japan, South Korea and China.
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Vent for growth
Aspects of Indian enterprise history
The emergence of modern industry
Asian late industrialization
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activities agriculture American Amsden Asia’s Next Giant Asian automotive Bank beneﬁts Bengal Bombay Britain British Calcutta capital cars changes China companies consumer corporate cotton countries crores decade Delhi democratization Economic Growth Economic History efﬁciency embedded software emerged Empire employment energy consumption engineering enterprises entrepreneurs entrepreneurship export factories facturing ﬁgure ﬁnancial ﬁnancing ﬁrms ﬁrst ﬂows global gross domestic product growth rates Hindustan important Indian economy Indian ﬁrms Indian industry indus Indus Valley Civilization industrial growth information technology innovations investment Jagdish Khattar Japan Japanese jute labor late industrial revolution License Raj machinery machines manu manufacturing sector Marwaris million mills Modern India nineteenth century ofthe operations output Oxford University Press percent Policy political proﬁt purpose technologies reﬂect relative role scientiﬁc second industrial revolution services sector share South Korea speciﬁc steel Table Tata textile tion trade unorganized York