Industrial Growth In India

The importance of industrialization as a means of achieving rapid growth and prosperity has long been recognized in the thinking on development strategy for India; but the country's industrial potential has been far from fully exploited.

The alternative hypotheses about the macroeconomic determinants of, and constraints on, industrial growth in India focus on the performance of the agricultural sector, intersectoral terms of trade between agriculture and industry, disproportionalities within and between sectors, the level of investment in the economy, the nexus between public and private investment and the relative significance of supply and demand constraints. While the issues raised in the debate continue to be important in India, they are of relevance also for studies of other late-industrialisers, particularly the larger countries of Asia and Latin America.

Intensive study of small firms in industrial clusters and locations on how to create jobs and achieve Make in India goals.

Research report on interrelations between agricultural development and industrial development in India - based on a simulation macroeconomic model and using trend data from 1961 to 1972, discusses the linkage between the agricultural sector and industrial sector; and finds that 1 per cent increase in agricultural production leads to an increase in agricultural income and consumer demand for industrial products, thus stimulating a further 0.5 per cent increase in industrial production. Bibliography and graphs.

This book assesses the performance of Indian industries from the perspectives of trade, investment, policy, and development incentives. It evaluates the relevance and the macro- and microeconomic impact of industrial policy on growth in different sectors of industry. The book examines India’s key policy initiatives and economic and institutional plans through many decades and examines their short and long-term effects on industrial environment and performance. It measures India’s strategic policies and efforts to promote industrialization against similar initiatives in countries like Germany, Japan, South Korea, and Taiwan. The volume also contextualizes the performance of different sectors of industry such as automobiles, electronics and information technology, and pharmaceuticals, among others, within the larger framework of global economic scenario and competition. This book will be of great interest to researchers and students of economics, political economy, industrial development and policy, and South Asia studies.