Challenges and Opportunities of India's Manufacturing Sector:
The manufacturing sector has contributed little to income growth and its share in total merchandise exports has been declining. Manufacturing has not brought much new employment, and most of the recent rise in manufacturing employment has been in the informal sector, where workers are not covered by...
Gespeichert in:
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| Weitere Verfasser: | , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2015
|
| Schriftenreihe: | OECD Economics Department Working Papers
no.1183 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | The manufacturing sector has contributed little to income growth and its share in total merchandise exports has been declining. Manufacturing has not brought much new employment, and most of the recent rise in manufacturing employment has been in the informal sector, where workers are not covered by social security arrangements. Productivity of the manufacturing sector is low, partly because the relatively small size of manufacturing firms makes it difficult to exploit economies of scale. Despite abundant, low-skilled and relatively cheap labour, Indian manufacturing is surprisingly capital and skill intensive. Furthermore, firms have little incentive to grow, since by staying small they can avoid taxes and complex labour regulations. Land acquisition is slow, companies face frequent power outages and transport infrastructure is below par. This is especially harmful as manufacturing is highly reliant on well-functioning infrastructure. Stronger manufacturing would increase productivity and make growth more inclusive, while contributing to improved current account balance. In particular, India should aim for more formal jobs, as these tend to be the most secure and of highest productivity. |
| Beschreibung: | 1 Online-Ressource (44 p.) 21 x 29.7cm. |
| DOI: | 10.1787/5js7t9q14m0q-en |
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| indexdate | 2024-11-26T14:55:59Z |
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| spelling | Joumard, Isabelle VerfasserIn aut Challenges and Opportunities of India's Manufacturing Sector Isabelle, Joumard, Urban, Sila and Hermes, Morgavi = Défis et opportunités pour le secteur manufacturier en Inde / Isabelle, Joumard, Urban, Sila et Hermes, Morgavi Défis et opportunités pour le secteur manufacturier en Inde Paris OECD Publishing 2015 1 Online-Ressource (44 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.1183 The manufacturing sector has contributed little to income growth and its share in total merchandise exports has been declining. Manufacturing has not brought much new employment, and most of the recent rise in manufacturing employment has been in the informal sector, where workers are not covered by social security arrangements. Productivity of the manufacturing sector is low, partly because the relatively small size of manufacturing firms makes it difficult to exploit economies of scale. Despite abundant, low-skilled and relatively cheap labour, Indian manufacturing is surprisingly capital and skill intensive. Furthermore, firms have little incentive to grow, since by staying small they can avoid taxes and complex labour regulations. Land acquisition is slow, companies face frequent power outages and transport infrastructure is below par. This is especially harmful as manufacturing is highly reliant on well-functioning infrastructure. Stronger manufacturing would increase productivity and make growth more inclusive, while contributing to improved current account balance. In particular, India should aim for more formal jobs, as these tend to be the most secure and of highest productivity. Economics Industry and Services India Sila, Urban MitwirkendeR ctb Morgavi, Hermes MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/5js7t9q14m0q-en Volltext |
| spellingShingle | Joumard, Isabelle Challenges and Opportunities of India's Manufacturing Sector Economics Industry and Services India |
| title | Challenges and Opportunities of India's Manufacturing Sector |
| title_alt | Défis et opportunités pour le secteur manufacturier en Inde |
| title_auth | Challenges and Opportunities of India's Manufacturing Sector |
| title_exact_search | Challenges and Opportunities of India's Manufacturing Sector |
| title_full | Challenges and Opportunities of India's Manufacturing Sector Isabelle, Joumard, Urban, Sila and Hermes, Morgavi = Défis et opportunités pour le secteur manufacturier en Inde / Isabelle, Joumard, Urban, Sila et Hermes, Morgavi |
| title_fullStr | Challenges and Opportunities of India's Manufacturing Sector Isabelle, Joumard, Urban, Sila and Hermes, Morgavi = Défis et opportunités pour le secteur manufacturier en Inde / Isabelle, Joumard, Urban, Sila et Hermes, Morgavi |
| title_full_unstemmed | Challenges and Opportunities of India's Manufacturing Sector Isabelle, Joumard, Urban, Sila and Hermes, Morgavi = Défis et opportunités pour le secteur manufacturier en Inde / Isabelle, Joumard, Urban, Sila et Hermes, Morgavi |
| title_short | Challenges and Opportunities of India's Manufacturing Sector |
| title_sort | challenges and opportunities of india s manufacturing sector |
| topic | Economics Industry and Services India |
| topic_facet | Economics Industry and Services India |
| url | https://doi.org/10.1787/5js7t9q14m0q-en |
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