By PROF. R. VAIDYANATHAN
While the nation’s newspapers, journals, business magazines, TV channels and the internet continue to churn out reams, airtime and gigabytes of information about India’s business houses—India Inc.—in this one-of-its kind book, Prof. R. Vaidyanathan delves deep into India Uninc. and presents a persuasive case for why the latter is really what is at the heart of our economy, and why any growth story about India is incomplete if that real engine of our growth is ignored.
The author argues that the real India story, over generations, lies with the many proprietorship and partnership firms, small manufacturing units, kirana stores, single entrepreneurs and household enterprises. That they are being finally given their due, in this important study, is the result of many years of cutting-edge research, which lays bare the lopsided viewpoints of policy-makers and ‘experts’, and urges a broader vision of the country’s economy. The small entrepreneur says Prof. Vaidyanathan, should prevail over crony capitalism.
Scholarly yet accessible, and offering a wealth of information on an uncharted territory, India Uninc. is a must-read for anybody who aspires to understand the Indian economy —as well as India itself.
Praise for INDIA UNINC.
Non-corporate sector high share in national income, in savings, GDCF, in manufacturing /in service sector/in taxation, in credit off take etc. makes it an engine of our economic growth and hence regrettably not adequately focused… Therefore, Professor Vaidyanathan has done yeoman service to the intellectual community by providing a recipe for rectifying the situation and this is timely. – Dr. Subramaniam Swamy, Former Commerce Minister, Government of India.
This book provides a much needed analysis of India’s vast non-corporate sector. Vaidyanathan offers an excellent overview of previous debates, and writes with clarity and insight on the trends and reforms that have touched this sector, how people within it cope, and what more needs to be done. – Nandan Nilekani, Chairman, UIDAI.
Although, the Non-Corporate sector occupies a large space in our Economy, it receives little attention. This book brings out the travails of this sector in terms of poor credit availability and dealing with corrupt government agencies. It provides a new perspective to experts who are otherwise focussed on capital markets and those with access to organised banking. – SuchetaDalal, Editor, Money Life magazine.
About The Author
Prof. R. Vaidyanathan has been teaching at IIM, Bangalore for close to three decades. Immensely popular with his students, he is also on the boards of several corporates. He is a member of committees of regulatory bodies such as the SEBI, RBI, IRDA and PFRDA, and is a regular commentator on economic matters in the nation’s leading newspapers.