Authors: Manpreet Kaur, Ravi Kiran, Inderjeet Singh
Addresses: School of Management and Social Sciences, Thapar University, Patiala-147004, Punjab, India. ' School of Management and Social Sciences, Thapar University, Patiala-147004, Punjab, India. ' Department of Economics, Punjabi University, Patiala, Punjab, India
Abstract: This study tries to examine the impact of economic reforms initiated in 1991 on the growth and adjustment process of organised manufacturing sector of India by analysing the trends in value added, labour and capital and also trends in partial and total factor productivity for Indian manufacturing for 51 three-digit industries for the period from 1980-1981 to 2002-2003. Further, the analysis has also been done for the two sub-periods, period I, pre-reform period from 1980-1981 to 1990-1991, and period II, from 1991-1992 to 2002-2003, i.e., the post-reform period, to view the changes in output growth, factor inputs for partial factor productivity and total factor productivity. The comparative picture of pre-liberalisation and post-liberalisation period depicts a slower growth of manufacturing sector of India in the latter period.
Keywords: manufacturing industry; India; new policy regime; disaggregation; productivity; growth; economic reforms; value added; labour; capital.
International Journal of Business and Emerging Markets, 2008 Vol.1 No.2, pp.151 - 170
Available online: 19 Oct 2008 *Full-text access for editors Access for subscribers Purchase this article Comment on this article