Indian Manufacturing Sector: Competitiveness at Stake

Sapovadia, Vrajlal (2015): Indian Manufacturing Sector: Competitiveness at Stake.

Abstract

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. India is ranked 71 on Global Competitive Index (GCI), while Management Score is 2.60 against 3.38 of China. India trails on most of the global indexes. This paper investigate reasons for low competitiveness and productivity of Indian manufacturing sector around 12 pillars determined by GCI.

• Item Type: MPRA Paper
• Language: English
• Keywords: Indian manufacturing sector, competitiveness, productivity
• Subjects: A - General Economics and Teaching > A1 - General Economics > A19 - Other

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