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- Title
Lost Glory: India's Capitalism Story.
- Authors
Roy, Tirthankar
- Abstract
The book makes a tripartite division of industrial organization into "molecular" or small-scale private firms, private corporate enterprise, and state enterprise. The small and state firms were more economical in managing their capital, human, and technological resources, whereas the private sector was "profligate" with capital and "wasteful" with human resources. A third finding suggests an answer: Indian industry struggled to improve its productivity and efficiency standards to catch up with international best practice.
- Subjects
INDIA; LOST Glory: India's Capitalism Story (Book); CAPITALISM; ADMINISTRATION of British colonies; TRADE regulation; INTERNATIONAL competition; ECONOMIC history
- Publication
Business History Review, 2021, Vol 95, Issue 3, p599
- ISSN
0007-6805
- Publication type
Book Review
- DOI
10.1017/S0007680521000611