India's increased exposure to world markets and relaxation of domestic controls has given a spurt to the GDP growth rate, but its impact on poverty, inequality and employment have been controversial. This book examines these aspects of the post-reform scene, discerning the changes in trends which the new developments have created.

Through a comparative survey of distribution of enterprises by size across Asia this book identifies three distinct patterns of manufacturing sector development and makes the connection between enterprise development and the overall impact on the economy. The authors then investigate the problem of the peculiar dual size structure of manufacturing in India, with its two modes at the low and high end of the size distribution and conspicuous a missing middlea (TM) and the effect that this has on the economy.