Basole, Amit and Narayan, Amay
(2020)
Long-run performance of the organised manufacturing sector in India : an analysis of sub-periods and industry-level trends.
Economic and Political Weekly, 55 (10).
pp. 35-44.
ISSN 2349-8846
Abstract
The Indian manufacturing sector has not increased its
share in output or employment along expected lines.
The aggregate trends in this sector at the 3-digit level of
the National Industrial Classification from 1983 to 2017
are investigated here. Using data from the Annual
Survey of Industries obtained from the EPWRFITS, it
identifies three sub-periods within the overall period:
1988–96, 1996–2006, and 2006–17. A shift-share
decomposition is used to show that most of the
decline in the labour to capital ratio can be explained
by within-industry changes. Finally, industries are
analysed with respect to their capacity to deliver job
and wage growth.
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