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

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Total Factor Productivity Growth in Indian Industry

Total Factor Productivity Growth in Indian Industry Ravindra H Dholakia Bakul H Dholakia IN response to our comment (EPW, December 31, 1994) on the paper by Balkrishnan and Pushpangadan (henceforth BP 1994), the authors have sought a few clarifications on the numbers we have estimated using their data (EPW, March 4, 1995). In their reply [BP 1995] they have also repeated some results already reported in their original paper [BP 1994] and claimed it to be substantial further work which strengthens their finding of no turn-around during the 1980s in the total factor productivity (TFP) growth in the Indian registered manufacturing sector. Moreover, they have ignored and tried to minimise the genuine limitations of the method of double deflation by referring to the ideal conditions which are hardly ever obtained or are practically non-feasible even in the most advanced countries. Here, we would like to provide the necessary clarifications on the method and data used by us to estimate the TFPG in the Indian Registered Manufacturing Sector through the double deflation method; and aIso examine BP'sclaim (1995) of further support to their findings of no turn-around during the 1980s.

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