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

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On Some Aspects of the Strategy of Growth in India

On Some Aspects of the Strategy of Growth in India Ranjit Sau This paper identifies four major components of the strategy of growth that is taking shape in India under the new regime: fa) district-wise industrialisation; (b) modernisation and technological advancement that is prone to the Ricardo effect; (c) recourse to import as a device for instilling a competitive spirit; and (d) regeneration and optimal use of land resources. It argues the case for a State Public Sector to initiate small and medium scale industries. It suggests the criterion of forward-biased labour-intensity' to counter the Ricardo effect. It pleads for removal of barriers to the growth of small-scale entrepreneurs.

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