ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Factors behind the Performance of Pharmaceutical Industries in India

Changes in various policies related to trade and entry of multinational companies in the Indian pharmaceutical industry were initiated in the early 1970s. However, the pace of growth of this industry has shown a remarkable upswing only after 1991, and particularly after 2005. The introduction of pharmaceutical product patents brought new business opportunities. But the increase in competitive pressure has possibly induced the exit of small and inefficient firms and plants from the market. Against this backdrop, it is necessary to assess the performance of the pharmaceutical industry and find the factors responsible for the variation in industry efficiency and productivity. In this paper, stochastic frontier analysis has been used to estimate the efficiencies of plants using unit-level panel data (2000-05). An analysis of the forces of variation in the efficiencies and productivities of these industrial units has been conducted. Plants with low efficiencies have not survived - they have either merged with other plants or been compelled to discontinue their operations. Managerial skill and wage rates have had a significant positive effect on the performance of these plants. Some of the newly identified areas, with special facilities, are conducive to better performance.

Relative Tax Performances

Analysis for Selected States in India In a federal form of government structure like that of India, the state-level governments receive supplementary budgetary resources from the central government as support for the former

Economic Growth and Regional Divergence-in India, 1960 to 1995

Sugata Marjit Chiranjib Neogi The current literature on regional convergence has centred on the empirical relationship between initial income and its long run growth rate found among the regions in the developed countries. The fundamental basis of the 'converging' outcome is the neo-classical assumption of the law of diminishing returns to capital In contrast to the conventional results of the developed countries, the present paper has found that Indian states have been diverging over the period of last 35 years, Moreover, this result does not nullify the role of planning through disbursement of development funds across the states. The Indian scenario exhibits interesting relationship between private and public capital in the regional contextLater a simple model is developed to highlight the relationship between growth and public investment.

Impact of Liberalisation on Performance of Indian Industries-A Firm Level Study

of Indian Industries A Firm Level Study Chiranjib Neogi Buddhadeb Ghosh This paper tries to see the impact of liberalisation on the performance of selected Indian industries with firm level data. The performance indicators chosen for this study are growth of value added, capital intensity, labour productivity (partial productivity indicator) and total factor productivity (TFP). The paper also observes the performance of these industries in terms of inter-temporal changes in efficiency from 1989 to 1994. It concludes that productivity growth and efficiency level have not improved as per expectation during the post-reform period and the distribution of efficiency is skewed. However, the time period is not long enough to reach any final conclusion. But such study is needed to review the impact of liberalisation on Indian industries for better monitoring of reform policies.

Technology-Intensive Industrialisation in LDCs-Experience of Indian Industries

in LDCs Experience of Indian Industries Dipankor Coondoo Chiranjib Neogi Buddhadeb Ghosh The growth and composition of industries have been fast changing in the LDCs mainly through foreign collaborations during the last few decades. But does this tendency of technology import generate efficient utilisation of inputs when the process is becoming more capital deepening as reflected in rising capital coefficients? This study aims at revealing some interesting phenomena regarding the performance of Indian manufacturing industries over the period 1974-75 to 1985-86. First, the growth of output in individual industries and their corresponding changes in capital coefficients have been studied. Second, a decomposition analysis has been done to find out the factors responsible for the rise in capital-output ratio. Finally the question of efficiency is examined from the relationship between capital-labour ratios and labour productivities by a comparative static analysis over different time spans. The study shows that while output grows at a very moderate rate, capital coefficients, on the other hand, rise at remarkably high rates. But this increasing capital coefficient fail to produce higher labour productivities across industries. Hence inefficiency of input used is the order of Indian industries during the period under review.
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