Productivity Growth In Indian Industry

This volume comprehensively captures trends in productivity and its determinants in the post-reform period for Indian manufacturing. It provides an up-to-date survey of different methods employed in measuring productivity and their applications across organized and unorganized sectors, including food, beverages, furniture, gems, chemicals, petroleum and rubber, metals and minerals, paper products, publishing, textiles, etc. The essays examine the uneven impact of economic reforms and growth on the performance of the manufacturing sector. This will be especially useful to students and scholars of economics, business and management, policymakers and governmental agencies, particularly those interested in Indian economy and manufacturing.

Productivity growth is a keyword for sustainable economic growth in a knowledge-based society. There has been significant methodological development in the literature on productivity and efficiency analysis, e.g. SFA (Stochastic Frontier Analysis) and DEA (Data Envelopment Analysis). All these methodological developments should be matched with applications in order to provide practical implications for private and public decision-makers. This volume provides a collection of up-to-date and new applications of productivity and efficiency analysis. In particular, the case studies cover various economic issues in the Asia-Pacific region. The authors analyze the performance of manufacturing firms, banks, venture capital, broadcasting firms, as well as the issues of efficiency in the education sector, regional development, and defense industry. These case studies will shed light on the potential contribution of productivity and efficiency analysis to the enhancement of economic performance.

What caused the increase in industrial productivity in the marketing sector of India in the 1980s after nearly two decades of industrial stagnation? This book examines the causes of this turn around, including improvements in planning and performance of infrastructure sectors, as well as changes in industrial and trade policies. The study emphasizes the need for policy reform at the microeconomic level combined with strong measures designed to enhance a macroeconomic environment which is conducive to growth.

Productivity and wages plays an important role in the economic development and ultimately determines the standard of living in the country. In a developing economy like India the wage policy is facing a real conflict between the need of the workers for larger consumption and the demand of the economy for higher rate of capital formation. The increasing productivity and its linking with wages is the best option available. The book examines the relationship between productivity and wages in selected industries of organised manufacturing. In this endeavour, the book examines (a) The trends in productivity; (b) The trends in distribution of productivity gains; (c) The trends in factor compensation (wages and rate of return). Contents: Introduction and Problem Setting, Data and Methodology, Wage Productivity Relationship Theoretical and Empirical Evidence, Productivity Trends in Selected Industries, Trends in Distribution of Productivity Gains, Trends in Wages and Earnings, Wage-Productivity R

The growth of manufacturing industries is one of the key sectors in helping to mitigate global recessions. Productivity Growth in the Manufacturing Sector thoroughly discusses issues and potential remedies of this sector for a range of international countries.

Starting in the late 1970s, the Indian authorities implemented a series of reforms aimed at exposing the economy to greater competition and at liberalizing key aspects of economic activity. This paper investigates productivity trends in India's (registered) manufacturing sectors during the 1980s and 1990s. The main findings of the paper are (i) labor and total factor productivity (TFP) growth in total manufacturing and many of the component sectors since 1980 were markedly higher than that in the preceding two decades, although the extent of the acceleration in TFP growth depends critically on the underlying assumptions about factor elasticities and the assumed structure of the production function; (ii) productivity growth for total manufacturing as well as for many subsectors picked up further after the 1991 reforms; and (iii) classification of the best performing sectors and the weakest performing sectors, based on comparative TFP, remains robust to changes in underlying assumptions.