Industrial Stagnation in Eastern India: A Statistical Investigation

This paper tries to establish the empirical basis of the industrial 'stangation' in esatern India in general and West Bengal in particular. The analysis is carried out in terms of symptoms, such as a declining or decelerating rate of industrial growth, or an actual decline in output, or a...

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Bibliographic Details
Published in:Economic and political weekly 1982-02, Vol.17 (9), p.334-340
Main Author: Debdas Banerjee
Format: Article
Language:English
Subjects:
Employment
Industrial growth
Industrial machinery
Industrial products
Labor
Manufacturing industries
Public sector
Rail industry
Special Articles
Steel industry
Textile industry
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Summary:This paper tries to establish the empirical basis of the industrial 'stangation' in esatern India in general and West Bengal in particular. The analysis is carried out in terms of symptoms, such as a declining or decelerating rate of industrial growth, or an actual decline in output, or a decline in the share of output. Two important structural phenomena, namely(i) change in the relative growth of the large-scale and the medium-scale manufacturing sector, and (ii) change in the product-composition, are seen to have important causal relationships with the industrial stagnation in eastern India. On the other hand, labour disputes as the principal explanatory variable of stagnation fails to satisfy questions related to industrial stagnation and growth. However, further study will be needed to decide whether the problem is merely structural and regional or whether it is more directly linked to the lack of investment on an all-India scale. This paper has been published in two parts. Sections I-VII appeared last week.
ISSN:0012-9976
2349-8846