India s late late industrial revolution democratizing entrepreneurship 1st Edition by Sumit Kumar Majumdar ISBN 1107622867 9781107622869

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ISBN 10: 1107622867 
ISBN 13: 9781107622869
Author: Sumit Kumar Majumdar

There is a paradox at the heart of the Indian economy. Indian businessmen and traders are highly industrious and ingenious people, yet for many years Indian industry was sluggish and slow to develop. One of the major factors in this sluggish development was the command and control regime known as the License Raj. This regime has gradually been removed and, after two decades of reform, India is now awakening from its slumber and is experiencing a late, late industrial revolution. This important new book catalogues and explains this revolution through a combination of rigorous analysis and entertaining anecdotes about India’s entrepreneurs, Indian firms’ strategies and the changing role of government in Indian industry. This analysis shows that there is a strong case for a manufacturing focus so that India can replicate the success stories of Asian countries such as Japan, South Korea and China.

India s late late industrial revolution democratizing entrepreneurship 1st Table of contents:

1 Vent for growth
Outside-the-box thinking
India’s unique industrial revolution
Recent growth performance in India
Industry in the second half of the twentieth century
Little details supporting the big picture
Insights from the big picture
2 Industrial revolutions
Origins
India’s role in motivating the industrial revolution
Britain and the industrial revolution
The American experience with industrialization
The democratization of invention
The democratization of markets
India’s non-participation and its consequences
3 Aspects of Indian enterprise history
Commerce and industry in ancient India
Industry and trade in Maurya times
India as a medieval economic power
Industry and political economy before colonization
Transition to British rule and de-industrialization
The plantation industries
The industrial revolution industries
4 The emergence of modern industry
Entrepreneurship in the nineteenth century
Early twentieth-century tipping point
Entrepreneurship in steel
The first half of the twentieth century
Colonial enterprise exit and multinational entry
Industrial policy in the early twentieth century
5 Asian late industrialization
Late industrialization and its consequences
Definition of late industrialization
The key components of late industrialization
Learning and human capital quality in late industrialization
The case of Samsung in the global microwave market
The role of the state in late industrialization
The political psychology of late industrialization
6 Democratizing entrepreneurship
The tale of a nationalist entrepreneur
Industrial policy in India from 1947 to 1991
Institutional change and its consequences
Democratizing entrepreneurship
Contextual intuition and creative improvisation
A manufacturing entrepreneur’s tale
Emergent Indian entrepreneurship and its profile
7 Contemporary India
Contemporary Indian enterprises
Corporate sector evolution in India
The industrial initiatives landscape
The small-scale sector in India
Beneficial dualism or bipolar disorder
8 The services sector debate
The services sector role in India
Productivity of the Indian services sector
Comparison with other countries
The tale of South Korea
India’s China manufacturing syndrome
9 A paean for manufacturing
Why manufacturing matters
The economic consequences of manufacturing
General purpose technology investments
The political dimensions of manufacturing
Guns and butter
10 Reindustrializing India
Heat and light
Entrepreneurial sector transformation
Fragmentation and consolidation
Information technology industrialization
New age manufacturing
Resetting the clock

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Tags: Sumit Kumar Majumdar, India, industrial, entrepreneurship