Published October 21, 2021
| Version v1
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GROWTH OF SELECTED INDIAN MANUFACTURING INDUSTRY
Creators
- 1. Ph.D., Research Scholar, Department of Economics, Pachaiyappa's College, Chennai, Tamilnadu
- 2. Associate Professor, Department of Economics, Pachaiyappa's College, Chennai, Tamilnadu
Description
This paper aimed to measure the growth of selected Indian manufacturing industries during the post-reform period. The study estimated the compound interest rate formula adopted by the World Bank used the least square method. The study was estimated using the Annual Survey of Industries (ASI) published by the Central Statistical organisation, time-series data covering 1991-92 to 2017-18 for seven major Indian manufacturing sectors. The findings observed that the growth rate of the capital reported highest at 7.37 per cent, followed by 6.99 per cent in output and 1.48 per cent in labour in the post-reform period. The increase of output is largely driven by more capital than the labour in the Indian manufacturing sector.
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References
- 1. Saravanakumar M. and Sivakumar B. (2019). Growth of Indian Sugar Industry during 1991 to 2016, The International Journal of Analytical and Experimental Modal Analysis, 11(8), pp.314-320. 2. Saravanakumar, M. Priyadharshini and Deepa P. (2019). Growth of Indian Textile Industry M. during Post-Reform and Post-MFA Regim", Online International Interdisciplinary Research Journal, 09(04), pp. 103 – 107. 3. Sameeulla., K and Navitha., T. (2015). Economic Reforms and Sources of Productivity Growth in Selected Organised Manufacturing Labour Intensive and Capital Intensive Industries in India - A Comparative Study, Economic Affairs June 2015, 60(2), pp. 301-312. 4. Shah M. Bijili, Industrialisation in the Third World. (1973) (International Book Traders, Aligarh, pp.7-10.