Examining and Comparing Structural Changes Across Different Industries in India: Evidence from the Annual Survey of Industries
Year: 2024
Type: article
Abstract: India adopted the New Economic Policy (NEP) in 1991 and opened its economy to global investment. The overall structural change in the economy invited lots of investment and technical progress. In the present study, we aim to examine and compare the structural changes across various industries in India. To assess the structural change in the industrial economy secondary data for the different periods have been collected from the Annual Survey of Industries. The methodology used for comparison and analysis of structural transformation mainly comprises a percentage distribution. The study finds that post-liberalization the Indian industrial sector witnessed a huge improvement in the productive capital, output, Inputs used, or the labour force in the ten major industries in India’s Industrial sector.
Author: Mukesh Kumar Gupta
Institution: International Institute for Population Sciences
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4403500462