ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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No Bones Broken

THE Janata government's Industrial Policy Statement begins, quite appropriately, with an enumeration of the 'distortions' of industrial growth in the past. However, a striking omission in this account is the growing predominance of non-essential goods and services in the pattern of industrial investment and production. The Industrial Policy Statement does not refer to this phenomeon at all and so evades the major task of examining the factors responsible for these trends in industrial investment and production and of devising measures to prevent industrial growth continuing on the same lines in future.

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