The Political Economy of Industrialisation: From Self-Reliance to Globalisation

"This book gives much insight into the dynamics of economic development since 1947. The author takes pains to analyze all policy change preceding or following economic events of significance. With his penetrating vision, he is able to decipher the key factors behind important economic policies. "
—Management and Labour Studies
With the growth of the Indian economy over the past five decades, fundamental changes have occurred in the relationships between agriculture and industry, big and small industries, and business and government. In this volume, the author traces economic policies in India since independence and explains how the progress toward self-reliance was arrested by external constraints. The author analyzes changes in relationships between agriculture and industry during various stages of economic development: 1950-1955, 1965-1974, and 1975-1990. All three periods are discussed focusing on the changing role of planning, the public sector, and foreign capital.
"Readable style and thoroughness of detail. "
—The Economic Times
"Prof. Swamy's book provides an excellent starting point for understanding the why and how of liberalization in India. . . . The strong analytical approach coupled with statistical supports gives Prof. Swamy's conjectures a lot of respectability. "
—The Hindustan Times