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Assessing Manufacturing Growth in India: An Alternative View

Indian Journal of Industrial Relations

Volume 49 Issue 3

Published: 2014
Author(s) Name: Satya Prasad Padhi | Author(s) Affiliation: Associate Professor, Department of Economics, Panjab University, Chandigarh, India.
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Abstract

This paper attempts to assess the manufacturing growth performance in India. Instead of dealing with total factor productivity growth indices the focus is on the creation of more productive employment opportunities. The attention is on achieving the sophistication in intermediate goods production. What distinguishes the underdeveloped countries from the developed ones is the degree and sophistication of the intermediate goods production. The vast network of auxiliary industries which we can take for granted will not be available in small economies. Their educational institutions will be unable to supply narrowly specialized personnel, they will lack the specialists who can improve raw materials and products, argues the author.

Keywords: N.A.

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