It is the author's contention that in a poor country like India the challenge of economic policy and investment policy must follow a bifocal strategy. He sets the framework of analysis of India's economy in terms of the inherited colonial economy and its fragmented and distorted nature. The...

The article provides a framework for discussing the relevance of the economic growth experience of the Asian newly industrializing economies (NIEs) to the developing economies in the Asian and Pacific region, with particular reference to certain aspects of the development experience of India....