Indian Industrial Policy: From Theoretical to Practical Approaches

Yulia A. Konovalova, Svetlana E. Kiryukhina, Daria V. Nazarova and Yanchan Sharma

Chapter 26 in The Sustainable Development of the Entrepreneurial Economy in the Fifth Industrial Revolution, 2026, pp 309-320 from World Scientific Publishing Co. Pte. Ltd.

Abstract: This research aims to identify the features of the transformation of India’s industrial policy from 1947 to the present in the context of the digitalization of the world economy and the country’s desire to become an international industrial center. The research methodology is based on traditional methods of economic analysis, such as deduction and induction, comparison, and retrospective analysis. The authors revealed that the industrialization and transformation of India’s industrial policy to turn the country into an international industrial hub in the context of the digitalization of the world economy remains one of the main goals of Indian economic policy. The authors demonstrated that India’s initial industrial policy and industrialization were driven by planned efforts and the urgent need to equip the economy with production means and technologies. Over time, as the country’s economic development model transformed, industrial policy became increasingly linked to investment strategies, liberalization processes, and integration into the global economy.

Keywords: Sustainable Development; Entrepreneurship; Innovation; Technology; Information Management; Organizational Behavior; Industrial Organization; Entrepreneurial Economy; Fifth Industrial Revolution; Cause-and-Effect Relationships; Fourth Industrial Revolution; Digital Technology; Industry 5.0; Operations Management; Operations Research; Supply Chain Management; Fintech; Cryptocurrency; Blockchain; Economics and Finance; Corporate Governance; Technological Environment; National Economy; State Management; Corporate Management; Agro-Industrial Complex 5.0; Fuel and Energy Complex 5.0; BRICS; EAEU; Central Asia; Social Responsibility; Digital Competitiveness; Digital Energy; Entrepreneurial Universities 5.0; Machine Learning; Cyber-Social System; Smart Company; Management of AI; Automatization; Decision-Making in Entrepreneurship; Big Data; Blockchain Finance; Robotisation Of Production; Applied Technological Solutions; Smart City; Local Entrepreneurial Economy; Modernisation; Institutes of Globalisation; E-Government; Innovative Economy; Knowledge Society; BRICS+ (search for similar items in EconPapers)
JEL-codes: L26 O33 Q01 (search for similar items in EconPapers)
Date: 2026
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