This book documents in a comprehensive manner the 'twists and
turns' in India's industrial policy and strongly suggests the need for a
re-orientation of this policy to overcome the weaknesses in the
industrial structure and to utilize the sources of its strength. The
author has had a distinguished career in the Indian Economic Service and
brings this experience to bear on his analysis of the evolution of
industrial policy in India. In India, the primary objective of planned
development has been the creation of a technologically mature society
capable of sustaining a process of self-propelled growth without extreme
concentration of wealth in a few hands. It is rightly pointed out in the
book that this objective is possible only in the context of rapid
growth, which is the ultimate test of industrial policy. The book traces
the origins of India's industrial policy and analyses its evolution
during the past thirty years, showing how there has been an increasing
gap between the objectives of this policy and the performance of the
industrial sector.
PROSPECT THEORY AND INDIAN POLICY TOWARDS KASHMIR
