Abstract
With regard to the importance of the manufacturing, industrial sector for economic growth and its priority for motivating other sectors to development, the paper is aimed to study the structural changes condition in the Indian manufacturing industries. The changing in value-added of industrial activities due to industrial and economic policies is an important indicator for the recognition of manufacturing industries structure. We have analyzed the industrial structure and competitiveness of each industrial activity by using data value-added of manufacturing industries and common indexes such as the structural changes index in the period of 1980-2013. The results of structural index analysis showed that of textile products; leather; basic chemicals and chemical products in the periods of 1980-98 and also in the periods after 2000industries wearing apparel; dressing and dyeing of fur tanning and dressing of leather ; wood and products of wood; motor vehicles, trailers and semi-trailers; recycling; other transport equipment have been the industrial activities that their structural changes indexes has been positive and they have had the highest competitiveness in comparison to other industrial activities and the greatest opportunities to create value-added.
Highlights
Industrial development holds the key to fast economic development
Considering the importance of the Indian industry, we focus on the effects of structural change on the manufacturing sectors as the main purpose of this research and tries to find an answer to this question which industrial branches in the industrial structure of India have been more impressed by as the consequence of the changes in industrial policies and liberalization in the Indian economy during1998-2013.this study tries to survey the industrial changes, the process of the combination of industrial activity of factories and the focus of their industrialized activity
The aim of this study is to examine the impact of Structural change concept occurring in the manufacturing industry sector by change in quantity important economic index such as valueadded that it has changed during the change in Indian manufacturing industries after 1990 year
Summary
Industrial development holds the key to fast economic development. Realizing the political leadership of the economy chose to pursue the path of planned industrial development. The 1980s witnessed policy liberalizations of small doses (Panagariya, 2004) These included more liberal permission for capacity expansion, rising of investment limit for exemption from licensing, raising of the asset threshold for the application of the MRTP Act, delicensing of a number of industries, broad banding, liberalization of imports, liberalization of policy towards large houses and companies for encouraging industrialization of backward areas, etc. This trend towards liberalization became more pronounced since around the mid-eighties
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