Industrial Structure, Non-Price Competition and Industrial Development

and Industrial Development N S Siddharthan The neo-classical economic theory addressed itself mainly to the problem of administering existing structures, in- eluding the industrial structure. The variables it considerered were mostly price variables On the other hand, to Schumpeter, the problem was not one of the administering existing structures, but of the creation and destruction of the structures. Growth and development implied changes in structures, and the variable that influenced structural change, and through it industrial growth and development, were by and large non-price variables. The objective of this paper is to examine the relevance of non-price variables in explaining Indian industrial performance and to draw certain implications for industrial policy.