Microview of Industry

Industrial Concentration and Performance by Uma S Kambhampati; Oxford University Press, Delhi, 1996; pp xii + 212, Rs 395.
THE industrial sector in most nations plays a major role in determining the rate and nature of growth. In India, organised industry in the private sector was for a long time strait-jacketed by the licensing regime. The macro-objectives of the successive plans were sought to be achieved through a system of licences, controls and incentives to the small- scale sector. In line with this 'macro- mindset', only sporadic investigations were carried out on the structure, conduct and performance of Indian industries This has led to a situation where macro-policies - even policies specifically targeted at the industrial sector have been formulated with very little knowledge of actual industry- level conditions.