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Indian Manufacturing Sector: Competitiveness at Stake

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  • Sapovadia, Vrajlal

Abstract

India’s series of economic reforms since 1991 have accelerated economic growth but not productivity. India’s productivity remained low compared to global but peers as well. High productivity is good for business, consumers and economy. Higher the productivity, higher the profit, lower the price. Productivity in manufacturing sector in the last two decades remains stagnant, but nobody sincerely has bothered to measure and improve. India’s various global indices, ranking and score relevant to measure productivity, including manufacturing productivity remains poor. India is ranked 71 on Global Competitive Index (GCI), while Management Score is 2.60 against 3.38 of China. India trails on most of the global indexes. This paper investigate reasons for low competitiveness and productivity of Indian manufacturing sector around 12 pillars determined by GCI.

Suggested Citation

  • Sapovadia, Vrajlal, 2015. "Indian Manufacturing Sector: Competitiveness at Stake," MPRA Paper 64208, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:64208
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    1. Eric Knudsen & James J. Heckman & Judy Cameron & Jack P. Shonkoff, 2006. "Economic, Neurobiological and Behavioral Perspectives on Building America's Future Workforce," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 7(3), pages 17-41, July.
    2. Richard E. White & John N. Pearson & Jeffrey R. Wilson, 1999. "JIT Manufacturing: A Survey of Implementations in Small and Large U.S. Manufacturers," Management Science, INFORMS, vol. 45(1), pages 1-15, January.
    3. James J. Heckman, 2007. "The Economics, Technology and Neuroscience of Human Capability Formation," NBER Working Papers 13195, National Bureau of Economic Research, Inc.
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    2. Sapovadia, Vrajlal & Patel, Sweta & Patel, Akash, 2015. "Policy Design & Delivery: Undermanaged Human Resources as Determinants of India’s High Growth & Low Productivity," MPRA Paper 68780, University Library of Munich, Germany.

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    • A19 - General Economics and Teaching - - General Economics - - - Other

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