Sources of Growth and Inter-Industry Linkages in Indian Economy with Special Reference to the Manufacturing Sector

This paper analyzes the factors of industrial growth in India from a multi-sectoral perspective and also highlights inter-industry linkages in the economy during the period 1973-74 through 1984-85. The analysis at aggregate level, indicates the dominance of the domestic final demand expansion; the r...

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Bibliographic Details
Published in:Indian economic review 1991-07, Vol.26 (2), p.189-219
Main Authors: BHARDWAJ, R.N., CHADHA, RAJESH
Format: Article
Language:English
Subjects:
Commodities
Demand change
Economics
Imports
Industrial growth
Industrial output
Industrial products
Industrial sectors
Input output
Manufacturing industries
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Summary:This paper analyzes the factors of industrial growth in India from a multi-sectoral perspective and also highlights inter-industry linkages in the economy during the period 1973-74 through 1984-85. The analysis at aggregate level, indicates the dominance of the domestic final demand expansion; the role of export expansion decreasing over time. The ratio of intermediate input use fo total demand which measures inter-industry linkages, does not appear to have risen markedly. Disaggregative analysis, however, presents important variations from the above pattern. Liberalization attempts undertaken since the late seventies have not so far yielded the expected results. Policies that foster greater coordination beween demand and supply so as to step-up the momentum of growth require urgent attention.
ISSN:0019-4670