Dynamics of Industrial Growth and Workers Employed in Punjab under Liberalization Era

Dr. Bhagwant Singh

Volume : V, Issue : XII, December - 2015

Dynamics of Industrial Growth and Workers Employed in Punjab under Liberalization Era

Dr. Bhagwant Singh

Abstract :

This paper ings out the impact with liberalization on Indian Industries with special reference to Punjab under Liberalization Era. Under this period industrial units of Punjab facing lot of challenges in various areas such as low growth rate of industrial units and employment, stiff market competition, quality of product and shift in labour etc. The paper especially highlighted the impact with liberalization on the growth of employment and industrial units. The annual growth rate (AGR) and compound annual rate (CAGR) has calculated to know the impact. From the data, it was concluded that the policy of liberalization remained unfavorable for growth of the industrial units and their employment in Punjab.