인도 제조업의 세부 업종별 특성 분석을 통한 한·인도 협력방안 (Analysis of the Manufacturing Sector in India and Its Implications for Korea–India Cooperation)

237 Pages Posted: 26 Mar 2018

See all articles by Woong Lee

Woong Lee

Korea Institute for International Economic Policy

Chankwon Bae

Korea Institute for International Economic Policy

Jung Mi Lee

Korea Institute for International Economic Policy

Date Written: December 27, 2017

Abstract

Korean Abstract: 본 연구는 인도 제조업의 세부 업종별 구조와 특성을 연구했다. 특히 본 보고서는 기업 수준의 자료를 이용하여 인도 제조업을 24개 소분류 및 137개 세부 분류로 구분하여 분석을 수행했다. 먼저 본고는 세부 업종별 분석 전 인도 제조업의 현황, 제도, 정책을 조사했다. 특히 주요 신흥국과 인도와의 비교를 통해글로벌 경제에서 현재 인도 제조업의 상황을 파악하는 데 주력했으며, 제조업 관련 정책을 세부산업별, 지역별로 파악했다. 또한 선행연구를 면밀히 검토하여 인도 제조업의 실태를 조사했다. 세부 업종별 분석에서는 시장지배력, 성과, 연구개발, 글로벌화, 생산성으로 구분하고 산업집중도, 허핀달-허쉬만지수, 러너지수, 매출액, 총자산, 영업이익률, 연구개발비, 수출, 수입, 노동생산성을 산출했다. 다음으로 인도 제조업의 총요소 생산성을 확률적 프런티어 모형을 이용한 회귀분석을 통해 추정하고 이에 대한 결정요인을 세부 업종과 기업특성별로 비교분석했다. 또한 인도 제조기업을 인도 국내기업, 해외기업(한국기업 제

외), 한국기업으로 나누어 이들의 특성을 비교분석했으며, 본 연구의 결과를 바탕으로 한·인도 제조업 유망업종을 선정했으며, 우리기업의 인도 제조업 진출관련 우리정부에 대한 정책적 시사점을 제시했다.

English Abstract: "Make in India", the well-known national manufacturing policy of India, has raised attention around the world as it presents its vision of developing India into a global manufacturing hub. First and foremost, it will be significant for Korea to establish additional strategies toward the Indian market in order to diversify its exports. Furthermore, India is growing in its importance for Korea when considering its increasing need to re-adjust from dependence on the G2 economies, amidst rapidly changing circumstances surrounding the Korean Peninsula. Therefore, this research explores the structure and characteristics of each sector of the Indian manufacturing industry. In particular, this study analyzes the manufacturing industry in India, categorized into 24 sections and 137 divisions, by using firm-level data. First, prior to the analysis, this research investigated the current status, system, and policy of the overall manufacturing industry in India. Particularly, we focused on pinpointing the status of India’s manufacturing industry within the global economy through comparison with other major emerging economies. Our study also examines related policies at the sectoral- and state-level. In addition, this research conducted a thorough review of the literature available on the Indian manufacturing industry.

For the sectoral analysis, this research examined the areas of market power, performance, research & development (R&D), globalization, and productivity and estimated industrial concentration, HHI (Herfindahl-Hirschman Index), Lerner index, sales, total assets, operating margin, R&D expenses, exports, imports, and labor productivity. Next, our research performed a regression analysis using a probabilistic frontier model to estimate the total factor productivity (TFP) of Indian manufacturing industries, with the determinants analyzed through comparative analysis of industrial sectors and firm characteristics. Moreover, this research conducted a comparative analysis on the characteristics of Indian domestic companies, foreign companies (excluding Korean companies), and Korean companies in the Indian manufacturing sector.

Based on the research results, our study first and foremost strove to provide qualified guidelines for Korean companies to select potential industries for entry into the Indian market. Finally, this paper aims to provide valuable insights in different manufacturing sectors to determine whether the Indian economy is better suited as a production center, or as an export market.

Note: Downloadable document is in Korean.

Keywords: Korea-India Cooperation, Manufacturing Sector

Suggested Citation

Lee, Woong and Bae, Chankwon and Lee, Jung Mi, 인도 제조업의 세부 업종별 특성 분석을 통한 한·인도 협력방안 (Analysis of the Manufacturing Sector in India and Its Implications for Korea–India Cooperation) (December 27, 2017). KIEP Research Paper. Policy Analyses 17-17, ISBN: 978-89-322-1072-8. Available at SSRN: https://ssrn.com/abstract=3147562 or http://dx.doi.org/10.2139/ssrn.3147562

Woong Lee (Contact Author)

Korea Institute for International Economic Policy ( email )

Seoul 137-602

Chankwon Bae

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Jung Mi Lee

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

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