Production Function In Indian Industry

Monograph on the measurement and theoretical framework of production functions in the industrial sector in India - examines the suitability of the CES production function (constant elasticity of substitutes) for the Indian manufacturing industry, estimates variations in capital worker ratio, correlation between capital intensiveness and wage rates, analyses the cost-price relationship with regard to industrial products, and includes a comparison with the USA manufacturing sector. Bibliography pp. 303 to 321, references and statistical tables.

What caused the increase in industrial productivity in the marketing sector of India in the 1980s after nearly two decades of industrial stagnation? This book examines the causes of this turn around, including improvements in planning and performance of infrastructure sectors, as well as changes in industrial and trade policies. The study emphasizes the need for policy reform at the microeconomic level combined with strong measures designed to enhance a macroeconomic environment which is conducive to growth.

This volume comprehensively captures trends in productivity and its determinants in the post-reform period for Indian manufacturing. It provides an up-to-date survey of different methods employed in measuring productivity and their applications across organized and unorganized sectors, including food, beverages, furniture, gems, chemicals, petroleum and rubber, metals and minerals, paper products, publishing, textiles, etc. The essays examine the uneven impact of economic reforms and growth on the performance of the manufacturing sector. This will be especially useful to students and scholars of economics, business and management, policymakers and governmental agencies, particularly those interested in Indian economy and manufacturing.