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Full Description
This book strengthens our understanding of Indian manufacturing. It argues that structural transformation should be guided by the given factor endowments. The book undertakes detailed empirical scrutiny to provide inputs for guiding the future industrial policy in India.
The book recognises the differential structure of organised and unorganised manufacturing with their distinguished response to the use of labour and capital. The analytical framework consists of an economy-wide approach and structural relationships at the industry level. The underlying sectoral interdependence highlights the job creation potential of domestic manufacturing, which spreads into the non-manufacturing sectors through the essential accounting of the embodied effects. The impact of import utilisations underscores the leakages in the domestic economy in terms of the employment forgone and capital use, thereby highlighting the need to strengthen domestic production. The book clearly identifies the labour- and capital-intensive categories of manufacturing for empirical investigations.
A comprehensive read on labour and capital use in Indian manufacturing, this book in the series Sustainable Industrial Development will appeal to scholars and researchers of economics, applied industrial economics, Indian economy, and business studies. It will also be of interest to professionals and practitioners in policy circles and research think tanks.
Contents
List of figures x
List of tables xii
Foreword xiv
Preface xvi
1 Structural transformation and Indian manufacturing 1
2 Analytical approach and database 16
3 Labour use as a factor of production: Accounting for indirect use 29
4 Capital use in production: Recognising the indirect effects 58
5 Relative use of capital and labour as factors of production 84
6 Structural patterns of factor endowments 96
7 Structural relationships of factor endowments 119
8 Key findings and policy implications 137
Annex 1 Details of the input-output model 145
Annex 2 Worker categories in unorganised manufacturing 155
Annex 3 Industry-level endowments of the factors of production 157
