Central Data Catalog

Citation Information

Type Journal Article - Economic and Political Weekly
Title Industrial Policy and Performance since 1980: Which Way Now?
Author(s)
Volume 38
Issue 35
Publication (Day/Month/Year) 2003
Page numbers 3707-3715
URL http://202.54.18.156/faculty/nag/Industrial Policy and Performance since 1980.pdf
Abstract
Since 1980-81, manufacturing sector output has grown at 7 per cent per year, with economic reforms making little difference to the trend in the 1990s. But growth has decelerated over the last seven years, after peaking in 1995-96. Why is this so? The reforms have narrowly focused on policy-induced restrictions on supply, ignoring the demand constraint due to the cut in public infrastructure investment since the late 1980s and indifferent agricultural performance in the 1990s. These issues have to be squarely addressed to revive industrial growth, and to reap the benefits of the investment boom in organised manufacturing in the last decade.

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