Assessing Manufacturing Growth in India: An Alternative View
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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