Industrial Growth in India: Stagnation Since the Mid-sixtiesThis 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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added and value adjusted Ahluwalia analysis Basic metals beverages capacity utilization capital formation capital stock capital-output ratio cent per annum Chandhok coal coefficient constant prices consumer durables consumer non-durables cost over-run decline deflated demand domestic earlier period economy electricity estimates evidence exports factor productivity growth footwear foreign fur products Gini Coefficients Government of India gross growth of consumer heavy industries hydel import substitution income distribution increase industrial growth industrial production industrial sector industrial stagnation inequality Input-based Classification Leather and fur manufacturing marketed surplus mid-sixties National Accounts net domestic product Non-metallic mineral products overall price of foodgrains public investment public sector railways rural poverty saving share significant slowdown in public Source Table terms of trade textiles TFPG tion tonne total factor productivity Translog trends Two-Digit Industry Groups Tyagi Use-based and Input-based value added value of output wage goods constraint WGKFS Wholesale price index Wood and cork