Examining and Comparing Structural Changes Across Different Industries in India: Evidence from the Annual Survey of Industries

India adopted the New Economic Policy (NEP) in 1991 and opened its economy to global investment. The overall structural change in the economy invited lots of investment and technical progress. In the present study, we aim to examine and compare the structural changes across various industries in India. To assess the structural change in the industrial economy secondary data for the different periods have been collected from the Annual Survey of Industries. The methodology used for comparison and analysis of structural transformation mainly comprises a percentage distribution. The study finds that post-liberalization the Indian industrial sector witnessed a huge improvement in the productive capital, output, Inputs used, or the labour force in the ten major industries in India’s Industrial sector.

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Journal
South India Journal of Social Sciences
Published
2024-09-30
DOI
https://doi.org/10.62656/sijss.v22i3.704
Primary Topic
Indian Economic and Social Development
Type
article
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Examining and Comparing Structural Changes Across Different Industries in India: Evidence from the Annual Survey of Industries

Mukesh Kumar Gupta
South India Journal of Social Sciences
Indian Economic and Social Development
article

Examining and Comparing Structural Changes Across Different Industries in India: Evidence from the Annual Survey of Industries

Mukesh Kumar Gupta
article en

Abstract

India adopted the New Economic Policy (NEP) in 1991 and opened its economy to global investment. The overall structural change in the economy invited lots of investment and technical progress. In the present study, we aim to examine and compare the structural changes across various industries in India. To assess the structural change in the industrial economy secondary data for the different periods have been collected from the Annual Survey of Industries. The methodology used for comparison and analysis of structural transformation mainly comprises a percentage distribution. The study finds that post-liberalization the Indian industrial sector witnessed a huge improvement in the productive capital, output, Inputs used, or the labour force in the ten major industries in India’s Industrial sector.

South India Journal of Social SciencesVol. 22(3)
International Institute for Population Sciences (IN)
Openalex Percentile: Top 78%
Indian Economic and Social Development
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