Volume : V, Issue : I, January - 2015

The Impact of Industrial Policies on the Performance of Punjab's Manufacturing Sector

Dr. Satish Verma, Dr. Gurinder Kaur

Abstract :

The present paper aims to analyse the industrial policies of Punjab and their impact on production and employment of Punjab’s manufacturing sector. For this, data has been culled from Annual survey of industries and Directorate of Industries, Government of Punjab. All the industrial policies are categorised into incentive based policies i.e. Industrial policy of 1978, 1987, 1989, 1992, 1996, 2013 and competition based policies i.e. industrial policies of 2003 and 2009. Using Gross Value Added and number of workers as the performance measurement variables, and applying the dummy variable technique, it was found that incentive based industrial policies have a positive significant impact on production and employment. On the other hand, the introduction of competition based policies worsened the performance of Punjab’s manufacturing sector.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Dr. Satish Verma, Dr. Gurinder Kaur The Impact of Industrial Policies on the Performance of Punjab¥s Manufacturing Sector Indian Journal of Applied Research, Vol.5, Issue : 1 January 2015

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