Change and Choice in Indian Industry by Bagchi & Banerjee

Change and Choice in Indian Industry

Authors: Bagchi & Banerjee
Published by: K. P. Bagchi & Co.
Edition: First Edition, 1981
Pages: 423

Change and Choice in Indian Industry is a scholarly and well-researched exploration of India’s industrial landscape, focusing on the period of planned economic growth following independence. Bagchi and Banerjee meticulously analyze the choices made by policymakers, industrialists, and entrepreneurs and how these decisions impacted the country’s economic trajectory.

The book discusses key industrial policies, including the role of state intervention, private sector expansion, and foreign investment, as well as structural challenges such as labor productivity, technology adoption, and economic liberalization. The authors examine the impact of five-year plans, trade regulations, and government policies on industrial performance, offering critical perspectives on state-led development and its long-term consequences.

By balancing theoretical frameworks with empirical data, the book provides a well-rounded perspective on the forces driving India’s industrial sector. It also highlights case studies of major industries, shedding light on the decisions that shaped India’s economic environment.

This book is an essential read for economists, policymakers, and researchers interested in the historical and structural dynamics of Indian industry. It offers valuable lessons for understanding industrial growth, economic planning, and the policy dilemmas faced by a rapidly developing economy.

• Comprehensive study of India’s industrial sector post-independence.
• Examines policy decisions, industrial growth patterns, and economic challenges.
• Covers government interventions, private sector roles, and foreign investments.
• Provides case studies of key industries and their development trajectories.
• Balances economic theory with real-world industrial data and historical insights.
• Essential for economists, policymakers, researchers, and students of economic development.

A critical and insightful analysis, Change and Choice in Indian Industry remains a valuable reference for those studying India’s economic policies, industrial strategies, and long-term growth prospects.