Indian non-electrical machinery industry

Pradeep Keshari

MPRA Paper from University Library of Munich, Germany

Abstract: Despite the implementation of economic reform measures, availability of cheap skilled and unskilled labour, good domestic demand and higher growth trend witnessed since 2003/04, India remains a marginal global player in the non-electrical machinery industry. The present status of the industry is unsatisfactory. It faces serious disadvantage while competing with the countries like China, which has developed strong presence in this industry. The industry is beset with many external and internal problems. Government of India may take important steps in creating level-playing field for the Indian manufacturers of machineries and equipments. Indian firms may attract FDI through MNEs with their potential to offer critical resources and assets, for developing additional capacities as well as for achieving global competitiveness in this industry.

Keywords: Indian non-electrical machinery industry; economic reforms; FDI (search for similar items in EconPapers)
JEL-codes: L64 (search for similar items in EconPapers)
Date: 2012-03-20
New Economics Papers: this item is included in nep-cwa
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Citations: View citations in EconPapers (1)

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