500
2644967583011959117177
Industrial698758301194196150204251287322348403429
Products11527583011973108161215269321356403
Finder,158075830119689514920325729218717585011725
Annual19217585011766120174229282305
201922517585011771129184241
COVER546361017894190271357455
STORY1039361017887161256355431
In20064752067914721524869011453
the2233486901142577126
19th23874869011456112137190
century,2605486901144391144169221254296316
India2949486901142577132155209
contributed3186486901144397149174207230285337361410464
to2152498101142579
almost2259498101145477157211250275
3025624981011456112
per27024981011454103136
cent2866498101144392145169
of3063498101145482
the3173498101142577126
world33274981011466120153176231
GDP,21525094011477146194200
with2380509401146688113166
no25745094011453107
organised2709509401145487142196249272310359413
manufacturing21525206011481135188239267321364388440474497549604
whatsoever.27845206011465118172197236290339381430463482
Industry3294520601142578132184222247280322
itself205553180114234886135158186
was22695318011465119158
in2455531801142376
a25595318011454
nascent26415318011453107146188237290315
stage.2984531801143863117171220248
Subsequently,20555431011449101155194243297349398451475498540560
India’s2643543101142577132155209233272
GDP29435431011477146195
went31665431011465114167192
down33865431011454108174227
dramatically,2055554301145488142222276301324367421444467508528
after2611554301145482106155189
the2828554301142477126
colonisation2982554301144397120174227250288342367390444497
by3507554301145496
the2055565501142578126
British.2209565501145487110135158196249277
Recovery25145655011451100143197239288322363
actions,2905565501145497122145199252290318
initiated325156550114237699124147201226274329
by2055576701145496
the2179576701142477126
independent2333576701142376130179233282335389438491516
country’s2877576701144296148201225259301334372
first327757670114285184123147
Prime3452576701144880103183232
Minister20555880011480103156179217242291324
soon2407588001143993147200
stanched2635588001143863117170213266314369
the3032588001142477126
slide,318658800114396285139188216
and34305880011454107161
brought2055599201145488142194248301326
the2409599201142477126
downward25635992011454108174227293347380435
momentum30265992011480134215264317341393474
to3528599201142478
a20556104011454
halt.21376104011453107130154182
We23476104011487131
are2506610401145487136
where26706104011465118167200249
we29476104011466115
are3090610401145387136
today,3254610401142478132186228248
due35306104011454106155
to2055621701142579
the2162621701142477126
efforts2316621701144976104158191216254
of2599621701145481
many27086217011481135188229
Prime2965621701144980103184233
Ministers,32266217011479102155178217241290324362390
government20556329011454108151200233286367415468493
administrators,25766329011454108189212265288327351384439463517551589617
private3221632901145588111154208232281
industrialists,2055644101142376130182221245279302356379402441465504532
the2615644101142477126
huge27696441011453105159208
many30056441011481135188230
entrepreneurs20556554011449102126160209263296345398447499532571
who26546554011466118173
toil2855655401142478101124
day30076554011455109150
and31856554011454107162
night3375655401145376130183207
in2055666601142376
the2159666601142577126
unorganised23136666011452105159193247301354377415464519
sector2860666601143887130154208242
and31306666011454107161
the3319666601142578127
never20556778011453102144193227
tiring231067780114244781104156211
worker,25496778011465120153200249282300
both28776778011455109133186
skilled3091677801143986109132155204258
and33776778011454107161
unskilled,20556890011452105144190213236259308363391
who24746890011465118172
work26746890011466120153200
with2902689001146689114167
largely3097689001142377110164213236278
low3403689001142377143
technologies2055700301142573116169222276299353407430479518
even2601700301144991140193
today.2822700301142579133187229249
The30997003011448101150
‘industry’3277700301142851104158210249273307348382
sector2055711501143987130155209242
has23257115011453107146
contributed2499711501144397149174207230285337361410465
about29927115011454108162214239
2532597115011456112
per33997115011454103136
cent2055722701144391144169
to2252722701142579
3023597227011456112
per24997227011454103136
cent2663722701144392145169
each28607227011449103146199
year,3087722701144291145178196
in3311722701142376
the3415722701142578127
last2055734001142377116140
five222373400114285193142
years,2393734001144291145178217245
to2666734001142579
the2773734001142477126
GDP29277340011477146195
of3150734001145481
India,3259734001142578132155209237
however,38272511011453107173222264313346365
the4220251101142577126
declining43742511011455103146169192245268321375
trend4777251101142558107160214
continues.5019251101144397150174197250302351390418
Stage3827273501145589151214272
141292735011459
Indian3827284701142578132155209262
economy4117284701144991145198252333375
is4520284701142361
a46092847011455
law4692284701142377142
unto48622847011452105130184
itself.507428470114234886135158185210
It5312284701142549
does38272960011454108157196
not40512960011453107131
obey42112960011454108157199
many44382960011480134187229
of4695296001145481
the4804296001142578127
conventional3827307201144397150192241294319342396449503526
thought4381307201142477131183237290315
processes,4724307201145488142184233272311359398426
as5178307201145493
to5299307201142479
how38273184011453107173
an40283184011454107
economy4163318401144991145198252333375
should4566318401143891145197220275
progress.4869318401145487141196229278316355383
For5280318401144899132
example,3827329701144990144225279302351379
the4234329701142477126
industrial4388329701142376130182221246279302356379
revolution4795329701143382125179202254279302356408
started3827340901143963117151175224278
off4133340901145582109
as4270340901145593
a43913409011454
craft4473340901144376130158182
based46833409011455109148196251
activity,4962340901145496121144187210234276296
characterised3827352101144396150183237280304353386409448497551
by4406352101145596
highly4530352101145376131184207248
skilled4806352101143986109132155204258
individuals,3827363401142376130153196219273325379402441469
who43243634011466119173
would45253634011465119171194249
innovate4802363401142376129183225279304353
something3827374601143993173222247300323375430
like428537460114234693141
an44543746011454107
electric4589374601144972121164188222245287
loco4904374601142377120174
or5106374601145487
the5221374601142578127
telephone,382738580114257396145200253307359408436
and,42913858011454107162190
with4509385801146588113166
others,4703385801145479132180214252280
produce5011385801145588142197249291340
small38273970011439119173196219
quantities.40743970011455107161213238261286309357396424
Stage3827419501145589151214272
241294195011459
Over38274307011483125174207
time,4062430701142548129177205
the4295430701142578127
activities4450430701145497121144187210234257306345
would48234307011466120172195249
increase5100430701142376118152201255293342
in3827442001142376
volume,3931442001144397120172252301329
with4288442001146689113166
the4482442001142578127
introduction4637442001142376100134188242294337361384438491
of5156442001145482
more38274532011481135168217
machines40724532011480134177230253306355393
and44934532011454107162
equipment.46834532011449103155178232313362415439467
However,38274644011469123188237280329362381
the4236464401142477126
expansion4390464401144990144198251290313367420
was48384644011466120158
limited.5024464401142346127150175223278306
And38274756011459112167
then,4022475601142477126179207
Henry42574756011469117170204245
Ford4530475601144999133187
happened.47454756011453107161216265318366421449
The52224756011448101150
era3827486901144982136
of3991486901145482
mass41014869011480134173212
production4341486901145487142196248290315338392445
dawned48144869011454108174227276330
on51724869011454107
the5307486901142578127
world,38274981011466120153176231259
and,41144981011454107161189
with4331498101146689113166
it,452549810114234876
a46294981011454
new47114981011453102168
paradigm49074981011454108141195250273327408
was38275093011466120158
created.4013509301144376125179204253307335
Henry43765093011469118171204246
introduced4650509301142376100134188242294337385440
mass51185093011480134173212
production,3827520601145488142196248291315338392445473
using4328520601145291114167221
the4577520601142578126
automotive47325206011454106130184265319343366409458
assembly3827531801145493131180261315338380
line.423553180114234699148176
His4439531801146891130
black4597531801145477131174221
Ford4846531801144899132187
‘Model50615318011428107161216264287
T’5377531801144876
revolutionised3827543001143382125179202254278301355408431470519573
industry.4428543001142376131182221246279321341
Stage3827565501145589151214272
341295655011459
The38275767011448101150
next40055767011453102143167
concept4200576701144397150193242296321
to4549576701142478
be46555767011455103
adopted47865767011455109163217242291345
was51595767011466120159
the3827587901142578126
‘product3981587901142883116170224276319344
mix’.43535879011480103144172200
While45825879011486139162185234
Henry48445879011469117170204245
Ford5118587901144898132186
insisted3827599201142376115138176201250304
that4159599201142578132156
everyone4343599201144992141174216270323372
should4743599201143891145197220274
buy50455992011455107149
only52225992011454107130171
the3827610401142578126
Model39816104011480134188237260
T,4269610401144864
Alfred4361610401146083110143192247
Sloan,4636610401144871125180232260
at4924610401145579
General50316104011478126179228261315338
Motors,38276216011480134158212246284312
saw4167621601143993159
things4354621601142477100153208246
differently.4628621601145578105132181215264316341364406426
He50826216011468117
gave52276216011454108151200
a38276328011454
first390963280114285184123147
level4084632801142372115163186
freedom4298632801142861110159213267348
of4674632801145481
choice.4783632801144396150173216264292
He51036328011469118
boosted38276441011454108162201226275329
the4184644101142577126
idea4338644101142378126181
of4547644101145481
the4656644101142578126
product4810644101145588142197249291316
mix51546441011480103145
by5327644101145496
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policy39706553011454108131154197238
of4236655301145582
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car4456655301144397130
at4614655301145479
every4721655301144991140174215
price4964655301145588111154203
point’.38276665011454108131184209240268
This41236665011448101124162
was43136665011466120159
sophisticated4500666501143993147200223262286309352406430479534
marketing38276778011481135168215264288311364418
stuff,4273677801143964116143171195
for4496677801142882115
those4639677801142578132170219
days.48866778011455109150189217
Naturally,38276890011474128152204238292315338379399
this4254689001142578101139
feature4421689001142877131155207241289
whetted47396890011465118167192216265319
the5086689001142578127
appetites38277002011454108163212236259284333371
of4226700201145482
a43367002011454
growing4418700201145488142207230283337
market,47837002011481135168215264289317
and,51287002011454107161189
soon,3827711501143993147200228
technological4083711501142473116169222276299353407430473527550
advancements46617115011454108151205258300349430479532556595
and52847115011454107161
operations38277227011454108157191245269292346399438
management42937227011480135187241296345425474527551
driven4872722701145588111154203256
manufacturing38277339011481135188239267321364388440474497549604
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in4918733901142376
creating5022733901144276125179203226279333
a53847339011454
Eight4967780358194272455633739
stages13187780358161267439622794956
of23577780358183283
the27247780358105283455
industrial32637780358772554386167778831000107712491327
development4961138035818335651268476194411281400157217501855
in24351138035877255
India27731138035889267450527700
While49615850154118188212236303
Indian835158501542999174198265335
industry1206158501542494169238301339380441
jumped1683158501542494202277344419
from2138158501543374144253
Stage24271585015482120188260327
127901585015473
to28991585015438111
Stage30461585015482120188260327
5,34101585015472108
and35541585015468137212
is3802158501542487
now39251585015470142238
on41991585015473143
to43781585015438110
Stage45251585015481120187260327
6,48881585015473109
it5033158501542462
is496174101542487
yet6191741015460127166
to8211741015438111
fully9681741015434103127151212
appreciate12161741015467142217257323390414482520588
and18401741015467137212
absorb20881741015467142204277318392
the25161741015439109176
benefits27281741015475142212280308337376438
of32021741015473106
the33451741015438108175
new35561741015470138234
work38261741015497169210275
standards,41371741015462101168238313380421494556592
which47651741015497166191258328
global496189701547296169243311335
companies8671897015467140248323390460484551614
are15171897015467108174
adopting17271897015467142214289327351421493
to22561897015439111
do24031897015475147
business25861897015475145207231301369431494
across31161897015467135176246308371
country35231897015467140210279318359419
lines.3978189701542448118185248284
Prof42981899015387132207248
R45821899015392
Jayaraman47101899015370142210282328400513585660
believes4962053015475142166190258318385448
India980205301542999173197265
is1281205301542487
uniquely14042053015469139163238308375399459
poised19002053015474147171233301375
to23112053015439111
adopt24582053015468142215289328
Stage28222053015482120188260327
7,31862053015472108
in3330205301542494
view3460205301546084152248
of37442053015473106
the38862053015439109176
‘knowledge40982053015436101171244340364431506578646
bank’47802053015475142212277313
of51292053015472106
highly496220901547094166236260320
educated8522209015468142212280347386453528
and14162209015467137212
trained1664220901543879147171241308383
IT20832209015429101
personnel,22202209015475142183246318388458525549585
with28412209015497121159229
vast31062209015460128190229
global3371220901547296169243311335
experience.37422209015467130205272313337405474542609645
Prof4966519084355594113
R630651908437
Jayaraman,6876519084286697135157195250288325345
who105365190844682121
is119565190841644
currently12606519084316890112149186203220251
serving4966603084286486117134171209
as72566030843866
a812660308438
Professor8706603084365695114151179207246268
of115866030843959
Operations123866030846098135157195213229268305333
and49666870843774112
Supply62966870843572110148165196
Chain84666870844885123140177
Management104466870845896133171209246300337374391
at145666870843855
SP153266870843571
Jain4966771084266481118
Institute6346771084185483100117134171189225
of88067710843958
Management95967710845896133171209246301337374392
and137167710843875113
Research49668550843772100137175197229266
(SPJIMR),7826855084225894121139198235258278
Mumbai,108168550845895150188226243263
has136468550843775103
spent148868550842866103139157
almost49669390843754109148176194
3071069390844080
years81069390843168106128156
in98769390841653
the10606939084185591
Indian11716939084185593109147184
industry,13756939084175492128157174197228242
in49670230841652
various5697023084316991108147183212
capacities.80170230843270108146178194212229265293314
For11357023084357294
25124970230844080
years134970230843168106128156
he152670230843673
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worked62071070844584106138175213
with8547107084456279116
companies99071070843271126164202239255292320
such13307107084296597134
as148471070843867
Tata4967191084346482120
Steel6367191084365390126143
and79971910843875113
Tata9327191084356583121
Communications.107471910844887142197234270287319357375391430467495515
He49672750844885
continues60172750843271107125142178215252280
teaching9017275084185492124161177214252
post117472750843877105123
graduate13177275084386098137173211229266
students4967359084284582120157193211239
at75673590843856
SPJIMR8327359084357198116175213
in106573590841653
Mumbai.113973590845995150188226243263