Manufacturing and trade liberalisation of India: The continuing debate
AuthorsGhosh Dastidar, Sayantan
AffiliationUniversity of Derby
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AbstractThe paper identifies the reasons behind the differential performance of the registered and unregistered manufacturing sectors of India during the post-reform period. The motivation for this study comes from the econometric findings of Ghosh Dastidar and Veeramani (2014) that trade liberalisation has positively influenced the growth performance of the unregistered sector but not that of the registered segment.Trade liberalisation seems to have benefitted the unregistered sector indirectly through the increase in sub-contracting activities from the registered sector. The absence of rigid labour regulations also helped the unregistered sector undergo re-structuring during the post-reform period and achieve faster growth through the elimination of inefficient firms, something that the registered segment failed to do.
CitationDastidar, S. G., (2015) 'Manufacturing and trade liberalisation of India: The continuing debate', Review of Development and Change, 20(2) pp. 225-244
JournalReview of Development and Change