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

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PUBLIC SECTOR-Grip of Technological Dependency

Grip of Technological Dependency FROM a nationalist perspective, state investment in a basic and capital goods industry was expected to contribute towards overcoming excessive reliance on foreign capital and technology. The experience of the last 30 or more years since the launching of the Second Plan has however belied these expectations. Far from strengthening the foundations of economic independence and furthering the drive towards economic self-reliance, the state sector has often become the junior partner of the transnational corporations in a system of dependent exploitation.

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