The Dimensions of Industrial Growth in Tamil Nadu, India: Three Decades of Experience
DOI:
https://doi.org/10.18034/abr.v4i1.69Keywords:
Manufacture, India, Industrial Growth, Tamil NaduAbstract
Industrial development plays a momentous role in all walks of development. The empirical investigations of world famous works pursued by Simon Kuznets(1966) Chennery(1980), Hoffman(1958), Murray & Bryce(1960) and Kaldor(1978) found that there is a positive and significant association between industrial development and overall development of a nation. In this paper an attempt is made to assess the various dimensions of industrial development of Tamil Nadu, India. To examine the performance of the industrial economy of Tamil Nadu, statistics have been collected from Annual Survey of Industries, published by Central Statistical Organization, Government of India. The variables administered in this work to evaluate the performance of agro based and non agro based manufacturing industries of Tamil Nadu include number of factories, productive capital, employment, value of output and value added. This study covers the period of three decades form 1980-81 to 2010-11, so as to understand the effects of the new economic policy. Further, the entire study period has been classified into two folds as pre reform period (1980-81 to 1990-91) and post reform period as (1991-92 to 2010-11). Collected statistics are deflated using wholesale price index to overcome the price fluctuation. The result obtained using annual compound growth rate reveals that almost all the variables express the same level of growth in both agro and non-agro related industries. But, owing to extraordinary performance of chemical based industries the value added of non- agro related industries reveal a dramatic growth. Mention should be made that the growth of employment has shown a negative sign during the reform period. Hence, it is suggested that the policy makers should frame the effective and suitable policy considering the employment generation. Such kind of strategies will give a new life not only to India but also all the developing countries.
Downloads
References
A. Sullivan, “Economics: Principles in action- Upper Saddle River”. New Jersey, Prentice Hall. P.472, 2003.
B.Goldar, “Indian Manufacturing: Productivity Trends in Pre- and Post- Reform Periods”, Economic and Political Weekly, vol: XXXIX, no.46, pp. 5033-5043. Nov. 2004.
C. Clark, The Conditions of Economic Progress, Macmillan, London, pp. 123-135. 1940.
C.Rangarajan “Industrial Growth: Another Look”, Industrial Growth and Stagnation- The Debate in India, Deepake Nayyar, eds, OUP, Bombay, pp 289-317, 1994.
D. J. Treiman, “Industrialization and social Stratification”, Sociological Inquiry, vol.40, no.9, pp. 207-234, Jan.2007.
D. Jayasree, “Industrial Pattern of Gujarat”, Perspectives on Industrial Development in India, N.K.P. Sinha and M.B. Singh, eds, Deep & Deep Pub, New Delhi, pp. 61-74, 1993.
H. Park, “Industrialization and Social Mobility in Korea”, CDE Working Paper, No. 99-32, University of Wisconsin-Madison, pp. 1-58. Nov. 2001.
H.B. Chenery, “Interaction Between Industrialization and Export”, American Economic Review, vol .10, no. 2. Pp. 281–287, Sep.1980.
H.B. Chenery, “Patterns of Industrial Growth”, American Economic Review, vol .50, no. 4. pp. 624-654, Sep.1960.
I.J. Ahluwalia, Industrial Growth in India: Stagnation since the Mid-Sixties, Oxford University Press, Delhi, pp. 65-82, 1985.
Igor Vrišer, “Industrialization of Slovenia”, GeoJournal, vol. 27, no. 4, pp. 365-370. Aug. 1992.
J. V. V. Sickle, “Industrialization and the South”, Southern Economic Journal, vol. 15, no. 4, pp. 412-424, Apr. 1949.
J.C Sandesare, “Industrial Growth in India- Performance and Prospects”, Studies n Industrial Economy of India, V.S Mahajan, eds, Deep & Deep, New Delhi, pp. 19-81, 1987.
J.P. Nettl. and Roland Robertson, “Industrialization, Development or Modernization”, The British Journal of Sociology, vol. 17, no. 3, pp. 274-291, Sep. 1966.
K. Alamar and N.Murali, “Industrial Sector: An Engine of Growth”, Kissan World, vol:34, no:11, pp42-44, Oct. 2007.
K. Venkataramaiah, and L.G. Burange, “Structure and Growth of Industry”, Economic and Political Weekly, vol: XXXVII, pp. 1212-1218, Apr. 2003.
L.G.Burange, “Industrial Growth and Structure- Manufacturing sector in Maharashtra”, Economic and Political Weekly, vol: XXXIV, no.9, pp. 39-48, Feb.1999.
L.J. Perry, “Singapore’s Rapid Industrialization: A Re-assessment”, An Interdisciplinary Journal of Southeast Asian Studies, vol. 10, no. 1, pp. 67-76. Dec. 1996.
L.J. Taylore, “Development Patterns: A Simulation Study”, The Quarterly Journal of Economics, vol. 83, no. 2, pp. 200-241, May. 1969.
M. Kevin, Murphy.K, Andrei Shleifer and R. W. Vishny, “ Industrialization and the Big Push”, Journal of Political Economy, vol. 97, no.5, pp. 1003-1026, Oct. 1989.
M.D. Bryce, Industrial developed A guide for accelerating economic growth”, The McGraw, London, p. 3, 1960.
N.Kaldor, Further Essays in Economic Theory, Duckworth, London. pp. 156-170,1978.
P. Balakrishinan and M. Suresh Babu, “Growth and Distribution in Indian Industries in the Nineties”, Economic and Political Weekly, vol. XXXVIII, no: 38, pp. 3997-4005, Sep.2003.
R. Nagaraj, “Industrial Policy and Performances Since 1980: Which Way Now?”, Economic and Political Weekly, vol. XXXVIII, no.35, pp. 3707-3715, Sep.2003.
R. Nagaraj, “Organized Manufacturing Employment”, Economic and Political Weekly, vol. XXXV, no. 38, pp. 3445-48, Oct. 2000.
S. Chaudhri, “Economic Reforms and Industrial Structure in India”, Economic and Political Weekly, vol. XXXVI, no. 2, pp.155-162, Jan.2002.
S. Chaudhuri, “Structural Changes and Fluctuations in Manufacturing Factory Secto- A Disaggregative Analysis: 1959-1984-85”, Working paper series –121 (89), Indian Institute of Management, Calcutta, pp 1-52. Nov. 1989.
S. Kuznets, Modem Economic Growth: Rate, Structure, and Spread, New Haven: Yale University Press, pp. 1-32. 1966.
S. M. Greenfield, “Industrialization and the Family in Sociological Theory”, American Journal of Sociology, vol. 67, no. 3, pp. 312-322, Nov. 1961.
Sudhakar Reddy, “Industrial Performance of Andhra Pradesh”, Political Economy of Rural Development, K. Murali Manohar, eds, Kanishka Pub, New Delhi, pp. 177-185, 1994.
Thomas, “A Review on Indian Manufacturing”, Indian Development Report, IGIDR, Mumbai. pp. 84-101, Apr. 2002.
Uma Rani and Jeemol Unni, “Unorganized and Organized Manufacturing in India- Potential for Employment Generating Growth”, Economic and Political Weekly, vol: XXXIX, no. 41, pp 4568-4580, Oct. 2004.
V.Rajeswari, “Growth and Diversification of Industries, Industrial Development of Andhra Pradesh, J.Manender Reddy, eds, Streling Pub, Bangalore, pp. 122-135, 1989.
World Bank, “Structural and Sectoral Adjustment - World Bank Experience, 1980–92”, A World Bank Operations Evaluation Report. Washington, D.C. Oct.1995.
--0--
Published
Issue
Section
License
Asian Business Review is an Open Access journal. Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal the right of first publication with the work simultaneously licensed under a CC BY-NC 4.0 International License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of their work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal. We require authors to inform us of any instances of re-publication.
How to Cite
