The Indian economy, by design, is a planned mixed economy. Industrial development from the second 5-year plan onwards has been focal. Despite the planned preparations, the outcomes have never been able to completely match the envisionments. The present study is an attempt to raise this question and find an answer to it at the regional level. The analysis is based on the Annual Survey of Industries (ASI) data set and explores the case of Jammu and Kashmir. Using an econometric approach, the study validates a digression between the policy documents and the ground industrial realities. The main finding of the study is that there is no possible link between the policy documents and the ground industrial realities. J&K industry needs to develop a capacity of human capital contemporarily. The fragile environment of the region needs special attention while designing the localised industrial policy. The study concludes by putting a case in favour of informed industrial document formulations and makes recommendations for empirically informed industrial planning in future.
Mehak Majeed (Sun,) studied this question.