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Growth and Productivity Analysis of Electrical Machinery and Parts Industry in Punjab

Gulshan Kumar and Avtar Singh

The IUP Journal of Managerial Economics, 2009, vol. VII, issue 3-4, 80-93

Abstract: Growth and productivity can be termed as two prominent factors that serve as the basis for the competitiveness and survival of an industry. The present study is an endeavor to investigate the growth pattern and productivity trends of small-scale electrical machinery and parts industry in Punjab. The growth of the industry has been measured in terms of number of units, fixed investment, direct employment and production. Yearly growth rates have been computed to find year-to-year fluctuations in growth, and Compound Annual Growth Rates (CAGRs) have been estimated to find the impact of the liberalized policies on growth and productivity of this industry. Productivity trends have been sketched in terms of capital intensity, capital-output ratio and partial factor productivities. In order to comprehend the strengths and weaknesses of the industry, SWOT analysis has been conducted. It has been observed that liberalization has provided a boost to mechanization, lowered capital-output ratio and enhanced factor productivities but has failed in employment generation.

Date: 2009
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