Fiscal Incentives of the Private Sector for Job Creation in Industry

N. J. Jhaveri
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N. J. Jhaveri: Industrial Credit and Investment Corporation of India

Chapter 14 in Employment Policy in a Developing Country A Case-study of India Volume 1, 1983, pp 307-324 from Palgrave Macmillan

Abstract: Abstract The emphasis on heavy industries in India’s five-year plans, together with the objective of industrial ‘self-reliance’, has led to vigorous promotion of investment in import substitution industries. To this end, various fiscal incentives linked to fixed capital have been introduced, especially by the central government. It is claimed that these incentives have encouraged capital-intensive rather than labour-intensive techniques of production, thereby undermining the objective of job creation in industries. Based on this argument, the abolition of all capital-linked incentives and the institution of generalised employment-linked incentives in their place is often advocated.

Keywords: Labour Input; Capital Asset; Fixed Capital; Capital Input; Wage Bill (search for similar items in EconPapers)
Date: 1983
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-06267-6_15

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DOI: 10.1007/978-1-349-06267-6_15

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