Reorganisation and Adaptation, c. 1950s

Abstract

The 1950s were a period of slow but determined change for the managing agencies. Although much of the government legislation directed against the managing agencies which was enacted in this period failed really to bite, all the houses undertook a fundamental re-evaluation of their raison d’être. Concern about the future became so great that their outlook was increasingly cautious, and although there were a few new commercial initiatives, these did not materialise sufficiently to counteract the effects of the rise of Indian business houses, which gathered apace in this decade.