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Manufacturing Sector in Punjab: Evolution, Growth Dynamism, Key Concerns and Rejuvenation Strategy

In: Economic Transformation of a Developing Economy

Author

Listed:
  • Varinder Jain

    (8-B, Jhalana Institutional Area)

Abstract

Despite being the agrarian economy, the state of Punjab has witnessed a rapid growth of sound manufacturing sector that catered not only the domestic needs but its products contributed significantly to export markets. However, the growth trajectory has not been smooth. In the recent past, Punjab’s manufacturing segment received setbacks that resulted in a slow growth in both absolute and relative sense. This study along with tracing historical evolution of manufacturing sector in the agrarian state of Punjab examines its growth, since 1970–71, in comparison to the states of Haryana and Himachal Pradesh. It also provides a comparative assessment of Punjab’s industrial policy framework vis-à-vis that was adopted by the states of Haryana and Himachal Pradesh.

Suggested Citation

  • Varinder Jain, 2016. "Manufacturing Sector in Punjab: Evolution, Growth Dynamism, Key Concerns and Rejuvenation Strategy," India Studies in Business and Economics, in: Lakhwinder Singh & Nirvikar Singh (ed.), Economic Transformation of a Developing Economy, edition 1, chapter 0, pages 251-272, Springer.
    • Handle: RePEc:spr:isbchp:978-981-10-0197-0_12
    DOI: 10.1007/978-981-10-0197-0_12
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