Technological Capability under Economic Liberalism-Experience of Indian Industry in Eighties

Liberalism Experience of Indian Industry in Eighties K K Subrahmanian The causality between liberalisation and growth performance and its impact on some qualitative aspects need to be carefully understood before adopting economic liberalism as the corner-stone of future industrialisation policy. This paper explores the direction in which economic liberalism affects one such qualitative aspect, technological capability, and finds that both policy regimes, regulatory planning as well as economic liberalism, could strengthen technological capability, though of different types.