Indian Industry: Restructuring and Growth

The present book is an attempt towards an empirical analysis of the Indian industry. Both time-series and cross-sectional analysis have been used. The time-series specifies a double-log model to compute the impact of important variables on the output and employment of various industries. The cross-sectional analysis examines the relationship between regional inequality and industrial growth. Restructuring of manufacturing sector is observed and expontential growth rates have been computed to establish the trend line at the disaggregative level. Shifts in the income distribution though the Ginicoefficient at the state level has been looked into, for the restructuring of industries is linked to changes in the demand structure. As the industrial development takes place within the given socio-political system. The behaviour of the state, the individual and the group is also observed. Some inference have been drawn about the linkages between industrial growth, the income distribution and development of Indian economy. The book is likely to prove highly useful to the students of industrial economics in particular and researchers in the field of economics in general.