N K Chandra The package of measures now being implemented in India is more likely to accentuate rather than remove the structural defects of the industrialisation strategy pursued in the, post-war period. With this strategy not only will monopolies continue to prosper at the expense of smaller units, but stagnation in the market for industrial goods, due mainly to the rising volume and rate of unemployment, is likely to worsen. At the same time a move towards wholesale liberalisation of the economy by dismantling all sorts of controls in the spheres of industrial investment, imports and exports as recommended by the World Bank, etc, will not alter the direction of change.
