Indian non-electrical machinery industry
AbstractDespite the implementation of economic reform measures, availability of cheap skilled and unskilled labour, good domestic demand and higher growth trend witnessed since 2003/04, India remains a marginal global player in the non-electrical machinery industry. The present status of the industry is unsatisfactory. It faces serious disadvantage while competing with the countries like China, which has developed strong presence in this industry. The industry is beset with many external and internal problems. Government of India may take important steps in creating level-playing field for the Indian manufacturers of machineries and equipments. Indian firms may attract FDI through MNEs with their potential to offer critical resources and assets, for developing additional capacities as well as for achieving global competitiveness in this industry.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 43047.
Date of creation: 20 Mar 2012
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Indian non-electrical machinery industry; economic reforms; FDI;
Find related papers by JEL classification:
- L64 - Industrial Organization - - Industry Studies: Manufacturing - - - Other Machinery; Business Equipment; Armaments
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- Basant, Rakesh, 1997. "Technology strategies of large enterprises in Indian industry: Some explorations," World Development, Elsevier, vol. 25(10), pages 1683-1700, October.
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