True Grit: The phenomenal growth of the Indian entrepreneurial spirit
From JRD Tata to Dhirubhai Ambani and Sanjeev Bikhchandani, how entrepreneurs helped India through its transition from an agrarian economy to state-controlled industry and on to an era where unicorns have taken the centrestage
By: Madhu Kapparath
From the late 1950s, the government pursued a strategy directed at conserving foreign exchange, producing heavy capital and intermediate goods domestically, building science and technology infrastructure, and maintaining ownership of industries in areas such as electricity, petroleum products, steel, coal, and engineering goods. The large, integrated steel plants established after 1950 were government-owned, with the exception of Tata Steel.
