First, what should be the role of industry chambers in forming economic policy and whom do they represent? Surprisingly, almost no thought has been given to this. National industry chambers like the CII, FICCI and ASSOCHAM typically represent large private sector companies in manufacturing, accounting for only about 2 per cent of the economy. Irrespective of their membership roster, by no means do they represent the small-scale, unorganised, service, public, cooperative and farming sectors. These players either go largely unrepresented at the national level or seek to influence policy through more narrowly-focused groupings, such as the Electronic Components Manufacturers' Association, National Seeds Association and All India Plastic Manufacturers' Association. Further, small and medium-sized private companies are, typically, suppliers and vendors to big corporates and are forced to assume a subsidiary role in chamber matters. Industry chambers also, most certainly, do not represent consumers. So if the Indian economy were to consist of Rs 100 of production and an (equivalent) Rs 100 of consumption, the CII's "voting share" in forming public policy, which is intended to maximise public good, ought to be just 1 per cent!