Industry-Led Growth Issues and Facts
The book explores, for India and other developing countries, the potential role the organized manufacturing sector could play as an engine of growth. Alongside growth, can this sector generate adequate employment opportunities to facilitate the trans
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Arup Mitra
Industry-Led Growth Issues and Facts
123
SpringerBriefs in Economics
More information about this series at http://www.springer.com/series/8876
Arup Mitra
Industry-Led Growth Issues and Facts
123
Arup Mitra Institute of Economic Growth Delhi University Enclave New Delhi India
ISSN 2191-5504 SpringerBriefs in Economics ISBN 978-981-10-0007-2 DOI 10.1007/978-981-10-0009-6
ISSN 2191-5512
(electronic)
ISBN 978-981-10-0009-6
(eBook)
Library of Congress Control Number: 2015952767 Springer Singapore Heidelberg New York Dordrecht London © The Author(s) 2016 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper Springer Science+Business Media Singapore Pte Ltd. is part of Springer Science+Business Media (www.springer.com)
Preface
From the historical experience of the present-day developed nations, we note that one important determinant of economic growth is industrialization. The role of industry is crucial in generating high-productivity employment and enhancing the standard of living of the population. In the process of development, there takes place a structural shift both in the value added growth and in the workforce composition away from the primary sector first towards the secondary and later towards the tertiary sector. This structural change is accompanied not only by a rise in per capita income but also improvement in many other development indicators. It involves upward mobility of individual occupations and incomes and a shift in rural–urban composition of the population. However, in the Indian context, the share of manufacturing in the total workforce has been dwindling at a low level of 11 % or so even after experiencing rapid economic growth in the last several years. This study focuses on the manufacturing sector in the Indian context. Though both the components—organized and unorganized—have been looked into, the emphasis is laid on the employment aspect of the organized manufacturing group so as to identify the subsect
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