<p>This volume contains a set of papers on Indian industrialisation in the context of market-enhancing and trade-liberalising reforms that have been taking place. It begins with tracing shifts in Indian industrial policy since independence. The papers, presented in five sections, throw light on the various facets of the remarkable transformation of the Indian economy with reference to industrialisation, an area of major interest to Professor K.L. Krishna, to whom the volume is dedicated.</p> <p><br /> The first section focuses on technical efficiency and total factor productivity growth. Though technological change is known to be the most fundamental driver of sustained economic growth, its measurement, however, has been beset with several conceptual and methodological problems.</p> <p>&nbsp;</p> <p>This section deals with these important issues. Urbanisation, an inevitable concomitant of industrialisation, industrial labour absorption and infrastructure required mostly, if not wholly, for the industrial sector constitute the theme of the second section.</p> <p>&nbsp;</p> <p>The third section highlights the role of international trade in the Indian development strategy and the consequent changes in trade policies and their impact on the Indian manufacturing sector. In section four, foreign direct investment, which is being encouraged with a view to facilitating technology transfer and impact industrial performance, is dealt with.</p> <p>&nbsp;</p> <p>There are several contentious issues in this area relating to the role of multinational enterprises, which are examined in this section. The final section deals with the environmental consequences of rapid industrialisation so as to design environmental policy within which one can promote adoption of clean development mechanism.</p>

<p><strong>Suresh D Tendulkar</strong><br /> Centre for Development Economics<br /> Delhi School of Economics, Delhi.</p> <p>&nbsp;</p> <p><br /> <strong>Arup Mitra</strong><br /> Institute of Economic Growth, Delhi.</p> <p>&nbsp;</p> <p><br /> <strong>K Narayanan</strong><br /> Indian Institute of Technology, Mumbai.</p> <p>&nbsp;</p> <p><br /> <strong>Deb Kusum Das</strong><br /> Ramjas College<br /> University of Delhi, Delhi.</p>

<p><strong>C. RANGARAJAN</strong><br /> Chairman, Prime Minister's Economic Advisory Council</p> <p>&nbsp;</p> <p>&nbsp;</p> <p><br /> <strong>BISHWANATH GOLDAR</strong><br /> Professor, Institute of Economic Growth, Delhi, India</p> <p>&nbsp;</p> <p>&nbsp;</p> <p><br /> <strong>SUBHASH C. RAY</strong><br /> Professor, Department of Economics, University of Connecticut, USA</p> <p>&nbsp;</p> <p>&nbsp;</p> <p><br /> <strong>ZHANG PING</strong><br /> Fraud Risk Manager, e-bay, 2211 North First St, San Jose CA 95131, USA</p> <p>&nbsp;</p> <p>&nbsp;</p> <p><br /> <strong>T.A. BHAVANI</strong><br /> Reader, Institute of Economic Growth, Delhi, India</p> <p>&nbsp;</p> <p>&nbsp;</p> <p><strong>ANITA KUMARI</strong><br /> Sir Ratan Tata Fellow,Institute of Economic Growth, Delhi, India</p> <p>&nbsp;</p> <p><br /> <strong>ABDUL AZEEZ E.</strong><br /> Researcher, Faculty of Economics,University of Groningen, The Netherlands</p> <p>&nbsp;</p> <p>&nbsp;</p> <p><strong>EDWIN S. MILLS</strong><br /> Professor, Emeritus of Real Estate and Finance,Kellog School of Management, Northwestern University, USA</p> <p>&nbsp;</p> <p><br /> <strong>ARUP MITRA</strong><br /> Professor, Institute of Economic Growth, Delhi, India</p> <p>&nbsp;</p> <p><br /> <strong>PRASAD SANKAR BHATTACHARYA</strong><br /> Graduate Student, Florida International University, Miami, USA</p> <p>&nbsp;</p> <p><br /> <strong>SURESH D. TENDULKAR</strong><br /> Honorary Professor, Delhi School of Economics, University of Delhi, India</p> <p>&nbsp;</p> <p><br /> <strong>K. LAL</strong><br /> Researcher, UNU-INTECH, Institute for New Technologies,Masstricht, The Netherlands</p> <p>&nbsp;</p> <p><br /> <strong>SANJEEVAN KAPSHE</strong><br /> Professor, Railway Staff College, Vadodara, India</p> <p>&nbsp;</p> <p><br /> <strong>ISHER JUDGE AHLUWALIA</strong><br /> Chairperson, Board of Trustees, IFPRI, Washington, USA</p> <p>&nbsp;</p> <p><br /> <strong>HIRANYA MUKHOPADHYAY</strong><br /> Economist, Asian Development Bank, New Delhi, India</p> <p>&nbsp;</p> <p><br /> <strong>DEB KUSUM DAS</strong><br /> Reader, Department of Economics, Ramjas College,University of Delhi, India</p> <p>&nbsp;</p> <p><br /> <strong>SAIKAT SINHA ROY</strong><br /> Fellow, Research and Information System for Developing Countries (RIS), New Delhi, India</p> <p>&nbsp;</p> <p><br /> <strong>V.N. BALASUBRAMANYAM</strong><br /> Emeritus Professor of Economics,Department of Economics,Lancaster University Management School, UK</p> <p>&nbsp;</p> <p><br /> <strong>DAVID SAPSFORD</strong><br /> Edward Gonner, Professor of Applied Economics,Management School, University of Liverpool, UK</p> <p>&nbsp;</p> <p><br /> <strong>NAGESH KUMAR</strong><br /> Director General, Research and Information Systemfor Developing Countries (RIS), New Delhi, India</p> <p>&nbsp;</p> <p><br /> <strong>ARADHANA AGARWAL</strong><br /> Reader, Department of Business Economics,University of Delhi, India</p> <p>&nbsp;</p> <p><br /> <strong>K. NARAYANAN</strong><br /> Associate Professor, Department of Humanities and Social Sciences, Indian Institute of Technology-Bombay(Mumbai), India</p> <p>&nbsp;</p> <p><br /> <strong>NEELAM SINGH</strong><br /> Reader, Department of Economics, Lady Shriram College,<br /> University of Delhi, India</p> <p>&nbsp;</p> <p><br /> <strong>K.U. UMAKRISHNAN</strong><br /> Research Associate, National Institute of Bank Management, Pune, India</p> <p>&nbsp;</p> <p><br /> <strong>U. SANKAR</strong><br /> Honorary Professor, Madras School of Economics,Chennai, India</p> <p>&nbsp;</p> <p><br /> <strong>M.N. MURTY</strong><br /> Professor, Institute of Economic Growth, Delhi, India</p> <p>&nbsp;</p> <p><br /> <strong>SURENDER KUMAR</strong><br /> Associate Professor, TERI School of Advanced Studies, New Delhi, India</p> <p>&nbsp;</p> <p><br /> <strong>SMITA MISRA</strong><br /> Senior Environmental Specialist, World Bank, New Delhi, India</p> <p>&nbsp;</p> <p><br /> <strong>SIMANTI BANERJEE</strong><br /> Economist, National Institute of Public Finance and Policy,<br /> New Delhi, India</p> <p>&nbsp;</p> <p><br /> <strong>SARMILA BANERJEE</strong><br /> Professor, Department of Economics, Calcutta University, India</p>