GROWTH AND PRODUCTIVITY ANALYSIS OF NON METALLIC MINERALS PRODUCTS INDUSTRY OF PUNJAB

Dr. Gulshan Kumar

GROWTH AND PRODUCTIVITY ANALYSIS OF NON METALLIC MINERALS PRODUCTS INDUSTRY OF PUNJAB

Dr. Gulshan Kumar * §

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Punjab University

GROWTH AND PRODUCTIVITY ANALYSIS OF NON METALLIC MINERALS PRODUCTS INDUSTRY OF PUNJAB

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Abstract

In the fast changing liberalized global environment where growth and productivity have emerged as the important agents of growth and development, present study is an effort to investigate growth pattern and productivity trends of small scale non metallic mineral products industry in Punjab. The growth of industry has been measured in terms of four variables namely: number of units, fixed investment, direct employment and production. Yearly growth rates have been computed to mirror year to-year fluctuations in growth and compound annual growth rates (CAGRs) have been worked out to find the impact of the policies of liberalized regime on growth of this industry. Productivity trends have been sketched in terms of capital intensity, capital output ratio and partial factor productivities. The study observed that the significant growth rate was observed in the variables namely number of units, fixed investment and production. But the policies of liberalized regime have resulted in qualitative rather than quantitative growth in the small scale non-metallic minerals products industry in Punjab. Highly significant growth rate was recorded in fixed investment and production, a slow growth was noticed in number of units but insignificant growth was gauged in employment during the liberalization period. However, in the overall period of the study, significant growth rate was registered in the case of all the four variables. Thus, it could safely be inferred from the analysis that the liberalization has resulted in jobless growth as the rate of growth of employment has gone down miserably.The profile of labour and capital productivity reflects that in absolute terms the labour and capital productivity and the capital intensity exhibited significant growth rate capital output ratio recorded negative growth during the liberalization period. The comparative profile of pre-liberalization and liberalization period indicates that during liberalization period, productivities of labour and capital accompanied by capital intensity have improved significantly whereas capital output ratio decelerated.

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No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

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How to Cite This Article

Dr. Gulshan Kumar. 1970. "GROWTH AND PRODUCTIVITY ANALYSIS OF NON METALLIC MINERALS PRODUCTS INDUSTRY OF PUNJAB". Global Journal of Science Frontier Research - I: Interdisciplinary GJSFR-I Volume 11 (GJSFR Volume 11 Issue I2).

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Journal Specifications

Crossref Journal DOI 10.17406/GJSFR

Print ISSN 0975-5896

e-ISSN 2249-4626

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Classification

GJSFR-I Classification FOR Code: 120405

120103

Submission ReceivedJanuary 25, 2011
Peer Review Double Blind
Handling Editor
Accepted February 17, 2011
Published March 3, 2011

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v1.2

Language

English

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Total Score: 150

Country: India

Subject: Global Journal of Science Frontier Research

Authors: Dr. Gulshan Kumar (PhD/Dr. count: 1)

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