INDIAN MANUFACTURING SECTOR : PRODUCTIVITY, WAGES AND EMPLOYMENT – A Firm-Level Study by Dr. Sandeep Kumar Baliyan
This book presents an analysis of firm-level performance and development experience of the organized manufacturing sector in the sphere of wages/salary of employees, employment and output growth in the past 25 years. Wages and employment issues have been vital to India’s growth and development debate in the 1990s through recent times. The manufacturing industry’s expansion provides a wider range of alternatives to firm producers, promotes skill formation, improves total factor productivity, innovation, and enhances invention with technological changes and technical efficiency progress to the developing sector. In this book, we intend to study the trends in the value of output; wages & employment and capital in the organized manufacturing sector have surged in the initial years after the introduction of reforms. A firm’s performance growth depends on the interaction of several circumstances, including the capabilities of its managers & labour, its financial assets and investment inflow (FDI), its investment in research and development (R&D) and innovation (technology change), and its imports intensity of capital goods and soft technology of the firm and geographical location. The following specific questions are addressed in the study. First, is there is a long-run equilibrium relationship between firm performance, real wages, and employment? Second, what are the short-term relationships between these variables? The new policies have liberalized many government controls on production capacity, imported capital goods, intermediate inputs, and technology, foreign investment has also been liberalized.
Dr. Sandeep Kumar Baliyan (b. 1983), obtained his Masters, M.Phil and Ph.D degrees in Economics from the Ch. Charan Singh University, Meerut. He has completed Post-Doctoral Fellow (ICSSR), Giri Institute of Development Studies, Lucknow. He has nine years of experience teaching and research in economics. Dr. Baliyan has worked as a researcher in different renowned institutions/universities viz, University of Lucknow, IIM, Lucknow, NIAP, New Delhi, IIPA, New Delhi and IARI, Pusa, New Delhi. He has participated in Second International Training Programme for Young South Asian Scholars on “Labour Economics: Theories, Methodologies and Research Issues”, organized by IHD, New Delhi and International Labour Organization (ILO). His specific area of research is Manufacturing & Services Sector growth linkages to employment and human resource development with agriculture and rural development. Dr. Baliyan has contributed over one Book and 39 papers in the National & International referred journals. He has participated and presented papers in more than thirty-five national and international seminars & conferences.
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