Arbeitspapier

What Constrains Indian Manufacturing?

India has undertaken extensive reforms in its manufacturing sector in the last two decades. However, an acceleration of growth in manufacturing, and a concomitant increase in employment, has eluded India. What might be holding the sector back? Using Annual Survey of Industries data at the three-digit level and difference in estimates this paper finds that the post-reform performance of the manufacturing sector is heterogeneous across industries. In particular, industries dependent on infrastructure or external finance, and labour-intensive industries have not been able to reap the maximum benefits of reforms. The results point to the importance of infrastructure development and financial sector development for the manufacturing sector's growth to accelerate further. They also emphasize the need to clearly identify and address the factors inhibiting the growth of labour-intensive industries.

Language
Englisch

Bibliographic citation
Series: Working Paper ; No. 211

Classification
Wirtschaft
Subject
De-licensing
external finance dependence
infrastructure intensity
labour intensity
manufacturing
reforms
Industrie
Infrastruktur
Finanzsektor
Arbeitsintensität
Indien

Event
Geistige Schöpfung
(who)
Gupta, Poonam
Hasan, Rana
Kumar, Utsav
Event
Veröffentlichung
(who)
Indian Council for Research on International Economic Relations (ICRIER)
(where)
New Delhi
(when)
2008

Handle
Last update
20.09.2024, 8:23 AM CEST

Data provider

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Object type

  • Arbeitspapier

Associated

  • Gupta, Poonam
  • Hasan, Rana
  • Kumar, Utsav
  • Indian Council for Research on International Economic Relations (ICRIER)

Time of origin

  • 2008

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