All Dressed Up and Nowhere to Go

Metz-Wiseman, Monica

doi:10.7771/2380-176x.6846

Cited by 1 publication

(1 citation statement)

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“…There is a decrease of approximately 2 percentage points of average economic growth due to the informal labour market. As per the National Sample Survey Office, only 18 per cent of the youths passing out of the vocational schools have regular jobs and 60 per cent of these get employed as informal workers (Gupta, 2014). Ninety-two per cent of approximately 470 million workers (Sharma, 2014), currently in India, are categorised as informal who work largely in unregistered and small enterprises.…”

Section: Literature Reviewmentioning

confidence: 99%

Integrated impact of highway infrastructure, labour productivity and circular material consumption on Indian manufacturing growth

Ojha

Vrat

2017

JAMR

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Purpose Manufacturing sector growth continues to be topical in the growth journey of Indian economy. The purpose of this paper is to present the modelling and analysis of the combined impact of three key driving sub-systems on the Indian manufacturing growth. It has provided relevant insights and recommendations for its sustainable growth. Design/methodology/approach The impact of three key driving sub-systems: quality of highway-related infrastructure, manufacturing labour productivity and circular material-consumption in the growth of manufacturing has been studied. A System Dynamics (SD) based model to understand long-term implications of the policy variables on manufacturing growth has been developed. Five scenarios have been simulated for analysis. Findings Seven policy variables have been identified which have a significant impact on Indian manufacturing growth. Some relevant insights from the analysis of SD based system-behaviour have been provided which would facilitate the manufacturing growth. Research limitations/implications The paper has addressed the dynamics of only three sub-systems in the study of manufacturing growth. The other sub-systems which also have an impact on the manufacturing growth: Good governance, education quality and technology are recommended to be studied through SD based modelling. Practical implications Specific recommendations for accelerating the manufacturing growth have been made in the paper which has strong practical implications for growth of Indian economy. Social implications Manufacturing sector continues to have a significant impact on the prosperity of India. It facilitates in enhancement of employment and the micro-economic health aspects. Therefore, there is a need to understand the dynamics of the key policy variables affecting manufacturing growth which is very relevant for the society at large. Originality/value An application of the SD approach to analyse long-term implication of policy variables of three sub-systems that have a significant impact in manufacturing growth and five specific recommendations to the policy makers is the value-add.

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Section: Literature Reviewmentioning

confidence: 99%