With the initiation of
economic liberalisation in the early nineties, India's industrial sector has been called
upon to perform a crucial developmental role for the continued success of the ongoing
structural adjustment programme. This book examines Indian industry's response to and
strategy for coping with the far-reaching economic reforms and changes in industrial
policy. It discusses how industry has braced itself to face the challenges of both
domestic and external competition.
Beginning with an historical
overview of structural reforms, Dr Palande describes the strategies adopted by Indian
enterprises in the new environment. These include measures such as organisational
restructuring, adoption of new marketing strategies, entering into joint ventures and
strategic alliances, focusing on core competencies, and rightsizing. The author also
devotes separate chapters to discuss the implications of these changes for the public
sector and the imperatives for government action, including the need to further dismantle
growth-retarding restrictions on industry. The book concludes with a discussion on how the
momentum of growth, which seems to have slowed down, can be regained and how the gains so
far made can be consolidated by further reforms.
This immensely readable book
will be invaluable to industrialists, CEOs, senior executives and policy planners. It will
also serve as a useful reference for courses in economics and business management.
Contents
Preface Acknowledgements
1. Structural Adjustment: The
Indian Experiment - A Historical Perspective
2. Unshackling the Industry
of Controls
3. Measures to Reform the
Environment for Industrial Development
4. Competition, Anxieties and
Responsibility of Industry
5. Strategising for Internal
and External Competition
6. 'Right-sizing' and Core
Competencies
7. Imperatives of Government
Action
8. Public Sector in the New
Context
9. Regaining the Momentum of
Growth.
377 PAGES