India Uninc‪.‬

 While the nation’s newspapers, journals, business magazines, TV channels and the internet continue to churn out reams, airtime and gigabytes of information about India’s business houses—India Inc.—in this one-of-its kind book, Prof. R. Vaidyanathan delves deep into India Uninc. and presents a persuasive case for why the latter is really what is at the heart of our economy, and why any growth story about India is incomplete if that real engine of our growth is ignored. 

The author argues that the real India story, over generations, lies with the many proprietorship and partnership firms, small manufacturing units, kirana stores, single entrepreneurs and household enterprises. That they are being finally given their due, in this important study, is the result of many years of cutting-edge research, which lays bare the lopsided viewpoints of policy-makers and ‘experts’, and urges a broader vision of the country’s economy. The small entrepreneur says Prof. Vaidyanathan, should prevail over crony capitalism. 

Scholarly yet accessible, and offering a wealth of information on an uncharted territory, India Uninc. is a must-read for anybody who aspires to understa 


PRAISE FOR THE BOOK


• This book provides a much needed analysis of India’s vast non-corporate sector. Vaidyanathan offers an excellent overview of previous debates, and writes with clarity and insight on the trends and reforms that have touched this sector, how people within it cope, and what more needs to be done.

-Nandan Nilekani,

Chairman, UIDAI

• Although, the Non-Corporate sector occupies a large space in our Economy, it receives little attention. This book brings out the travails of this sector in terms of poor credit availability and dealing with corrupt government agencies. It provides a new perspective to experts who are otherwise focussed on capital markets and those with access to organised banking.

-Sucheta Dalal,

Editor, Money Life magazine

• At a time when Finance Ministers seem to think that attracting foreign investment is the only required reform, Prof Vaidyanathan’s book is a breath of fresh air. He is absolutely right in saying that the non-coporate sector in India is among the most dynamic, yet least known and most neglected of sectors. It urgently needs faster clearances, less red tape and more credit.

-Swaminathan S. Anklesaria Aiyar,

Consulting Editor, The Times of India

• The beam of a searchlight on a sector we hardly look at—a sector that, Professor Vaidyanathan teaches us, has been and can be one of the most powerful sources of growth in our country.

-Arun Shourie,

Former Minister, Government of India

• The Non-corporate sector high share in national income, in savings, GDCF, in manufacturing /in service sector/in taxation, in credit off take etc. makes it an engine of our economic growth and hence regrettably not adequately focused… Therefore, Professor Vaidyanathan has done yeoman service to the intellectual community by providing a recipe for rectifying the situation and this is timely.

-Dr. Subramaniam Swamy,

Former Commerce Minister,

Government of India

• Non-Corporate India makes up around 45% of our GDP and provides employment for the majority of our population. Sadly they are not part of any policy, left to fend for themselves and most often at the receiving end of the inspector raj and State tyranny! For the first time Prof Vaidyanathan has explained their existence in a lucid manner pointing out the need for good policy to enable their growth and contribution to employment.

-T.V.Mohandas Pai,

Chairman, Aarin Capital Partners

• This book is from the other India perspective -- or the real India, the unknown India and the India that sustains the Indian economy and providing employment and livelihood to ten times the employment that organised private sector provides.

-S. Gurumurthy,

Senior Journalist

• I would choose India’s next tryst with destiny is about the non-corporate sector. This book wonderfully synthesizes the puzzle

-Manish Sabharwal,

Chairman, Teamlease Services

• R. Vaidyanathan has established with surgical precision that the most dynamic elements in our society are small entrepreneurs who remain unsung heroes.

-Jaithirth (Jerry) Rao

• Too often, private enterprise is equated with the corporate sector. Numbers will show this isn’t true and much of industry and service sector growth since 1991 has been driven by the MSME sector…. India’s growth story is about unincorporated India…. Professor Vaidyanathan should be complimented for bringing this sector and its three kinds of problems, entry, functioning and exit, into the discourse.

-Bibek Debroy,

Economist