This book discusses the role historical events played in determining the pattern of growth of Indian manufacturing. Two important historical events significantly influenced the course of Indian manufacturing from the 15th century AD. The first was the arrival of European merchants via sea route...

The East India Company was the first joint-stock company of the world. Being a joint-stock company, it experienced the consequences of separation between ownership (stockholders) and control (management). The separation between ownership and control leads to the principal–agent problem,...