'The real…contribution the author makes is his reasoned and empirical assessment of the impact of economic reforms on industrial growth patterns in the nineties…. The book makes several basic points' - Business Standard

'It is a book full of useful insights and offers an objective criticism, which is not unsympathetic to our problems. There is much to learn from it for policy makers and bureaucrats' - The Deccan Herald

Professor Degnbol-Martinussen studies the interaction between policies, institutions and industrial development in India over the period 1951-2000. In particular, he focuses on how different economic policies and institutional arrangements have impacted on patterns of industrial growth and transformation. The author does this through a systematic comparative analysis of the period before and after 1991. While the focus is on India, the book draws on the experiences of Europe and the Far East in order to provide a comparative theoretical framework which outlines the basic institutional preconditions for industrial development.