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The Impact Of Economic Reforms On Indian Manufacturers : Evidence From A Small Sample Survey

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  • Eckhard Siggel

    (IEG)

  • Pradeep Agrawal
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    Abstract

    Although there has been much theorising on the impact of Indias economic reforms of 1991 on Indian manufacturers, there is hardly any previous study that has taken up the task of actually asking the manufacturing firms as to what the true impact of economic reforms has been on them. In this paper, we report the findings of a small sample survey of manufacturing enterprises in the Delhi region regarding perceptions of the impact of economic reforms of 1990s. Most firms felt that the reforms were helpful by increasing access to foreign technology and making imports of capital and intermediate goods cheaper. They also felt that improvement in infrastructure and more flexible labour laws will facilitate further growth of Indias manufacturing sector.

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    Bibliographic Info

    Paper provided by East Asian Bureau of Economic Research in its series Development Economics Working Papers with number 22930.

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    Date of creation: Jan 2009
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    Handle: RePEc:eab:develo:22930

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    Related research

    Keywords: MANUFACTURERS; India; survey; economic reform; labour law; import; capital goods;

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    1. Pravin Krishna & Devashish Mitra, . "Trade Liberalization, Market Discipline and Productivity Growth: New Evidence From India," Working Papers 96-8, Brown University, Department of Economics.
    2. Petia Topalova, 2004. "Trade Liberalization and Firm Productivity," IMF Working Papers 04/28, International Monetary Fund.
    3. Suma Athreye & Sandeep Kapur, 2006. "Industrial concentration in a liberalising economy: A study of Indian manufacturing," Journal of Development Studies, Taylor & Francis Journals, vol. 42(6), pages 981-999.
    4. World Bank, 2004. "India : Investment Climate and Manufacturing Industry," World Bank Other Operational Studies 14378, The World Bank.
    5. V N Balasubramanyam & V Mahambare, 2001. "India's economic reforms and the manufacturing sector," Working Papers 539906, Lancaster University Management School, Economics Department.
    6. Uma Kambhampati & Ashok Parikh, 2003. "Disciplining firms: the impact of trade reforms on profit margins in Indian industry," Applied Economics, Taylor & Francis Journals, vol. 35(4), pages 461-470.
    7. Eckhard Siggel, 2007. "Economic reforms and their impact on the manufacturing sector: lessons from the Indian experience," Asia-Pacific Development Journal, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), vol. 14(1), pages 73-104, June.
    8. Bulent Unel, 2003. "Productivity Trends in India's Manufacturing Sectors in the Last Two Decades," IMF Working Papers 03/22, International Monetary Fund.
    9. Rashmi Banga, 2007. "Liberalisation and Wage Inequality In India," Working Papers id:805, eSocialSciences.
    10. Bishwanath GOLDAR & Suresh Chand AGGARWAL, 2005. "Trade Liberalization And Price-Cost Margin In Indian Industries," The Developing Economies, Institute of Developing Economies, vol. 43(3), pages 346-373, 09.
    11. Arvind Panagariya, 2004. "India in the 1980's and 1990's," IMF Working Papers 04/43, International Monetary Fund.
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