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Madhya Pradesh's Industrial Sector: Structure and Performance

Pranab K. Pani
Economic and Political Weekly
Vol. 42, No. 5 (Feb. 3-9, 2007), pp. 369-376
Stable URL: http://www.jstor.org/stable/4419209
Page Count: 8
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Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Madhya Pradesh's Industrial Sector: Structure and Performance
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Abstract

Though after its bifurcation the state of Madhya Pradesh was expected to be better administered and greater attention was supposed to be given to promotion of investment, the early signs of industrial development are not very encouraging. On all the key indicators, such as fixed capital investment, employment, net value added and capital formation, the state has witnessed a declining performance in absolute terms, albeit due mainly to bifurcation. In key aspects, such as employment per unit, capital intensity, labour productivity and capacity expansion, the state's industry has performed only marginally better than the national average. And, except for labour productivity, all the other key performance parameters have shown a declining trend. More importantly, MP has failed to generate employment through the growth of small-scale industry.

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