Industrial growth in India: stagnation since the mid-sixties
This comprehensive analysis of industrial growth in India over the past twenty years charts the marked decline in growth after the mid-sixties. Using a wealth of empirical data, the author examines how income distribution, investment and demand for capital goods, and policy constraints have all affected industrial growth.
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AGRICULTURAL DRAG ON INDUSTRY
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added and value agricultural incomes agro-based industries availability of foodgrains Basic metals beverages capacity utilization capital stock capital-output ratio cent per annum Chandhok chemical constant prices consumer durables consumer non-durables cost deceleration in growth decline deflated demand domestic earlier period economy electricity estimates evidence exports factor productivity growth footwear foreign fur products Gini Coefficients Government of India gross heavy industries import substitution income distribution increase industrial growth industrial licensing industrial sector industrial stagnation Input-based Classification labour Leather and fur marketed surplus Metal products mid-sixties National Accounts overall public investment public sector railways rural saving second period share significant slow growth slowdown in public Source Table terms of trade textiles TFPG tion total factor productivity Translog trends twenty industry groups Two-Digit Industry Groups Use-based and Input-based value added value of output wage goods constraint Wholesale price index Wood and cork