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Conclusion and future in the Structural Characteristics of India's Manufacturing Industries Before and After Reform

JOURNAL:MAZEDAN JOURNAL OF CIVIL ENGINEERING & ARCHITECTURE

#	Authors	First Online	DOI	Downloads	Citations
1.	ASHAQ HUSSAIN GANIE	30 Sep 2021	na	12	0

Abstract

India is one of the leading industrialized nations in the world. Manufacturing sector is the key pillar for economic growth as it provides a significant multiplier to the economy both in terms of output and employment. During 1991 new industrial policy was introduced with an aim to correct the distortion and weakness of the industrial structure of the country. The economic reforms of 1991 brought drastic changes in Indian economy. Under this reform, the government of India abolished industrial licensing, dismantled price controls, diluted reservation of small- scale industries and virtual abolished monopoly law enabled industry to blossom. The primary objective of this model was to make the economy of India the fastest developing economy in the globe with capabilities that help it match up with the biggest economies of the world. Keeping this in view the study intended to analyze the growth trends in structural characteristics of manufacturing industries in India during pre and post reform period. And to analyze the growth trends in important structural characteristics of manufacturing industries in major states of India. To analyses these objectives the study used secondary data collected from Annual survey of Industries (ASI), Central Statistics Office (CSO). The Period of the study were divided into Pre-reform period (1981-1991) and Post reform period (1991- 2017). To reach the objectives of the study Compound Growth Rate (CGR) and Coefficient of Variation (CV) was used

Keywords

Manufacturing Industries, Economic Reforms, Growth Trends

References

[1]           Annual Survey of Industries (2017), Ministry of Statistics and Programme Implementation Central Statistics Office - Industrial Statistics Wing, Government of India. (Issues from 1979-80 to 2016-17).

[2]           Burange L. G. (1999) “Industrial Growth and Structure Manufacturing Sector in Maharashtra” Economic and Political Weekly 2, pp M39 –M48

[3]           Development of Industries in India from Independence till Today. www.Gr8ambitionz.Com/2016/12/Development-Of-Industries-In-India

[4]           Ravindra Kumar Sharma (2014), “Industrial Development of India in Pre and Post Reform Period” ISOR Journal of Humanities and Social Science, 19 (10) pp 01- 07.