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Indian Manufacturing Sector: Competitiveness at Stake

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  • Sapovadia, Vrajlal

Abstract

Productivity is a matter of survival for any business. Higher productivity is sine-qua-non for “survival and growth” of business prospects. India’s series of economic reforms since 1991 have accelerated economic growth but not productivity. India’s productivity remained low compared to global but peers as well. High productivity is good for business, consumers and economy. Higher the productivity, higher the profit, lower the price. Productivity in manufacturing sector in the last two decades remains stagnant, but nobody sincerely has bothered to measure and improve. India’s various global indices, ranking and score relevant to measure productivity, including manufacturing productivity remains poor. This paper attempts to identify role and lacuna by manufacturing sector in productivity.

Suggested Citation

  • Sapovadia, Vrajlal, 2015. "Indian Manufacturing Sector: Competitiveness at Stake," MPRA Paper 68777, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:68777
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    References listed on IDEAS

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    1. Knudsen, Eric I. & Heckman, James J. & Cameron, Judy L. & Shonkoff, Jack P., 2006. "Economic, Neurobiological and Behavioral Perspectives on Building America's Future Workforce," IZA Discussion Papers 2190, Institute of Labor Economics (IZA).
    2. James J. Heckman, 2007. "The Economics, Technology and Neuroscience of Human Capability Formation," NBER Working Papers 13195, National Bureau of Economic Research, Inc.
    3. Richard E. White & John N. Pearson & Jeffrey R. Wilson, 1999. "JIT Manufacturing: A Survey of Implementations in Small and Large U.S. Manufacturers," Management Science, INFORMS, vol. 45(1), pages 1-15, January.
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    1. Sapovadia, Vrajlal & Patel, Sweta & Patel, Akash, 2015. "Policy Design & Delivery: Undermanaged Human Resources as Determinants of India’s High Growth & Low Productivity," MPRA Paper 68780, University Library of Munich, Germany.

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    More about this item

    Keywords

    Productivity; Indian Manufacturing Sector; Entrepreneurship;
    All these keywords.

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • M0 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General
    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics

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