This article examines the extent of control by firms under managing agencies since India's independence in 1947. By taking this long sweep of years, it hopes to shed some light on the direction of structural change that occurred in India's 22 major industries during 1948-68.
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EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.