Keywords
Structural Change
Industrial Economy
Industrial Growth
How to Cite
Abstract
India adopted the New Economic Policy (NEP) in 1991 and opened its economy to global investment. The overall structural change in the economy invited lots of investment and technical progress. In the present study, we aim to examine and compare the structural changes across various industries in India. To assess the structural change in the industrial economy secondary data for the different periods have been collected from the Annual Survey of Industries. The methodology used for comparison and analysis of structural transformation mainly comprises a percentage distribution. The study finds that post-liberalization the Indian industrial sector witnessed a huge improvement in the productive capital, output, Inputs used, or the labour force in the ten major industries in India’s Industrial sector.
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