Growth and Structural Changes in India's Industrial Sector

International Journal of Economics, Volume 6, Number 2, December 2012, pp. 321-331

11 Pages Posted: 5 Aug 2013

See all articles by Nagendra Maurya

Nagendra Maurya

Giri Institute of Development Studies

Jayant Vaishampayan

University of Lucknow

Date Written: December 17, 2012

Abstract

Structural economists like Colin Clark, Fisher, Kuznets, etc. have empirically demonstrated that growth is brought about by changes in structural composition. Indian economy is also experiencing major changes in its structure in recent decades. The theory of structural transformation has given prime position to the industrial sector and termed it as engine of growth because industrial sector has strongest forward and backward growth linkages, subject to increasing returns for longer duration and greater labour absorption capacity. This paper is an attempt to show structural changes in the industrial sector in recent years.

Keywords: Structural Transformation, Secondary Sector, Industry

JEL Classification: E00, E01, E25, O11

Suggested Citation

Maurya, Nagendra and Vaishampayan, Jayant, Growth and Structural Changes in India's Industrial Sector (December 17, 2012). International Journal of Economics, Volume 6, Number 2, December 2012, pp. 321-331. Available at SSRN: https://ssrn.com/abstract=2305946

Nagendra Maurya

Giri Institute of Development Studies ( email )

Sector O
Aliganj
Lucknow, Uttar Pradesh 226024
India
05222325021 (Phone)

HOME PAGE: http://www.gids.org.in

Jayant Vaishampayan (Contact Author)

University of Lucknow ( email )

Lucknow, Uttar Pradesh 226007
India

HOME PAGE: http://www.lkouniv.ac.in

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