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Book Code: 9789386397249

Rajendra Prathipati

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ABOUT THE BOOK

The advancement in economic development, in industrial sector has helped us to achieve greater dependence in pre and post globalised world. In order to understand the internal dynamics of Indian Industrial sector, how it is performed during this period can be understood by the findings born out of a research which has been provided in this book. The introduction of technology as an obligatory means enforced within the sector with various degrees of implementation based on High, Medium, Medium Low and Lower usage.

On the one hand the analysis and result has provided greater insights within and across India to foresee the implications with the optimal use of technology by minimizing the use of human resources and on the other it has also to do with the realization which is based on the principles of human development in all its manifestation. Policy makers need to provide a balance between industrial productivity and the importance of human intervention.

Through the Make in India policy, it should not only provide an ecosystem where things are made in our country but also need to provide an unbiased opportunity to those who will be part of this Make in India initiative.

ABOUT THE AUTHOR

Dr. Rajendra Prathipati (born on 07.08.1979) educated at Andhra Loyola College, Vijajawada, graduated in APRDC, Nagarjuna Sagar, Guntur. He received his Master's degree in Economics, and M. Phil was on the “Impact of New Economic Policy on Indian Industry Growth and its Export Performance” and also did Ph D (2015) on the topic entitled the “Impact of Economic Openness on Industrial Efficiency: A Study on Transition in Indian Manufacturing Sector” from the University of Hyderabad, Hyderabad, India. At Present, working as the Senior Assistant at Acharya Nagarjuna University, Nh16, Nagarjuna Nagar, Guntur, Andhra Pradesh 522510, India.

He served as the Research Supervisor and Field Investigator (2015) for the prestigious projects of the National and International Importance namely..

“National Study on Evaluation of...the Scheduled Tribes in the Residential Schools” and the primary focus is on Guntur District. (2015)-A National Survey of ICSSR, MHRD, New Delhi. He was also worked as Project Assistant (2015) for the National demonstration Project, jointly organized by the World Bank and Government of India, “India: Capacity building for Industrial pollution management project (P091031). He is well acquainted with Data Envelopment Analyses (DEA) to measure the efficiency and performance of the man power and technology of the Industrial Sector.

His scholarly papers presented in the seminars and conferences received much attention and well appreciation from the eminent scholars of field (Economics): “The Environmental Regulation in India-a case Study of Pharmaceutical Industry” (2003), “Small & Medium Enterprisers in transition Economics- A Comparative Study of India and Russia” (2003), “Globalization impact on Weaker Section in India” (2008) and “Economic reforms and its impact on Indian Industrial Growth” (2008). His participation made a remarkable contribution in the national and International conferences in the field of Industrial Economics. Currently engaged in and working on a suitable model for the Indian economic growth and sustainable development.

CONTENTS

Foreword ................................................................................................... 9

Preface ..................................................................................................... 11

Acknowledgements .................................................................................. 15

1. Industrial Scenario in Transition - An Overview ...................... 17
• Introduction • External and internal Pressures • Economic Openness and Economic Prosperity • Structural Changes in the Industrial Sector • The Total Factor Productivity [TFP] factor • Empirical Studies Related to the Inter-Relationship [Economic Openness and (Technical Efficiency) Industrial Performance] • Analytical Framework • Objectives of the Study • Hypothesis • Methodology • Organization of the Study • References.

2. Evaluation of Industrial Policies .............................................. 57
• Introduction • Circumstances during NIP • Industrial Policy Regime • Industrial Licensing • Foreign Investment • Foreign Technology • Public Sector Role • Monopolies and Restrictive Trade Practices Act (MRTP) • Industrial location policy liberalized • Abolition of Phased-Manufacturing Programmes [new projects] • Removal of mandatory convertibility clause • Appraisal of New Industrial Policy • Boosting Manufacturing Sector [Other major policies] • References.

3. Growth Performance Analysis [Domestic Industries under Technological Classification]........ 73
• IntroductionGrowth Performance Analysis • GPA at Macro-level • International level comparison [GDP and Employment]; • Trends in Export of Indian Manufacturing Sector • Growth Performance Analysis of Technology Based Classification • Growth Rates of Gross Value Added, Capital and Labour in High Technology Manufacturing Sector • Growth Rates of Gross Value Added, Capital and Labour in Medium High Technology Manufacturing Sector • Growth Performance Analysis of Technology Based Classification • Growth Rates of Gross Value Added, Capital and Labour in Low Technology Manufacturing Sector • Growth Rates of Gross Value Added, Capital and Labour in Medium Low Technology Manufacturing Sector.

4. Economic Openness Impact [Pre and Post-Transition] ............ 91
• Methodology Framework • Malmquist Total Factor Productivity (TFP) Index • Empirical Findings • TFP Trends - High-technology Manufacturing Sector • TFP Trends - Medium High-technology Manufacturing Sector • TFP Trends - Low-Technology Manufacturing Sector • TFP Trends - Medium Low Technology Manufacturing Sector • References.

5. Conclusion and Recommendations ........................................ 125
• Findings of the Study • Growth Performance Analysis • Industry-wise findings- TFPG and Sources • Recommendations and Policy implications.

Bibilography .......................................................................... 133

Appendices ............................................................................ 143

Index...................................................................................... 169


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