Volume : V, Issue : X, October - 2015

TRENDS IN EMPLOYMENT AND ELASTICITY IN INDIAN REGISTERED MANUFACTURING SECTOR

R. Bagavathi Muthu, P. Asokan

Abstract :

 India is proud of having made unprecedented economic progress in the recent past, which is skewed geographically in the field of generating employment opportunities, but particularly in the registered manufacturing sector there appear a dismal picture. In this perspective, this paper attempts to examine the relationship between output growth and employment growth in the organized manufacturing sector in India for the period 1980–2012, taking a panel of 15 states. At the individual state level, the atmosphere scenario of employment growth has gloomy in Indian manufacturing industry since 1990, changed to move in the right and positive direction during the period of consolidation of economic reforms (2001–12) in Indian manufacturing. It clearly reveals that economic reforms have positive impact on employment especially in the manufacturing sector and sounds an optimistic note of a ight future proving the adage that however long and dark the night be there is certainly to be dawn. The inevitable outcome of the tactics adopted under the banner of LPG is strongly felt in the recent time in the creation of employment opportunities. A good performance has been found, a period of consolidation of economic reforms, in respect of wage rate at the aggregate level and as well as in most of the states under considered. The employment elasticity of output has been found to be either negative or sluggish during a phase of piecemeal and ad hoc policy changes (1980–91) and a phase of major changes in economic policy (1991–01) in most of the states under study compared to a period of consolidation of economic reforms (2001–12). This result shows that capacity to create employment in the manufacturing states during 2001–12 has been relatively well.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

R.BAGAVATHI MUTHU, P.ASOKAN Trends in Employment and Elasticity In Indian Registered Manufacturing Sector Indian Journal of Applied Research, Vol.5, Issue : 10 October 2015

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