Affordable Access

Publisher Website

Import-substituting industrialization and protection of the small-scale: The Indian experience in the textile industry

Authors
Journal
World Development
0305-750X
Publisher
Elsevier
Publication Date
Volume
19
Issue
9
Identifiers
DOI: 10.1016/0305-750x(91)90067-r
Disciplines
  • Economics

Abstract

Abstract Indian policies on investment for long-run growth were based on a theoretical model which was under discussion during the development of the Second Five Year Plan in 1956. This model called for the “protection” of the small-scale industrial sector from competition of large-scale domestic procedures and foreign firms, while the bulk of new investment went into the production of capital goods in the large-scale sector. After a review of the logic behind this model of economic growth, the paper investigates its far-reaching effect on economic well-being with a case study of the textile industry.

There are no comments yet on this publication. Be the first to share your thoughts.