Abstract
In this paper, Sumit Majumdar analyses the patterns of utilization of various key resources — production staff, administrative staff, physical capital, and working capital — in the Indian indus try between the period 1950-51 and 1992-93. The ratio of optimal to actual input usage is calculated for the four key resource inputs. It is found that Indian industry was relatively efficient in the 1950s, but efficiency had plummeted in the 1960s and 1970s relative to the 1950s. The regression of industrial performance in the 1960s and 1970s was reversed in the 1980s. However, in the 1990s, the Indian industry has merely caught up with a performance level once attained in the 1950s and no dynamic progress in its performance over time is noted.
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