ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Development of India s Machine Tool Industry

The growth in productive capacity of the machine tool industry was the lynchpin to the Mahalanobis strategy because, in an essentially 'closed' economy, capital accumulation would not be possible in its absence. Given this parameter of growth as one of the industry's primary goals, this article examines the major features of its development. An attempt is also made to document the conditioning factors influencing growth performance since the introduction of centralised planning.
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