Del. HC Stresses Mandatory Legal Assistance to Preserve Fairness and Integrity of Criminal Trials  ||  Supreme Court: Delhi High Court Ruling upheld on Taekwondo National Sports Federation Recognition  ||  SC: Blockchain-Based Digitisation of Land Records Necessary to Reduce Property Document Litigation  ||  Supreme Court to NCLT : Limit Power to Decide Intellectual Property Title Disputes under IBC  ||  Bombay HC: Railway Employee With Valid Privilege Pass is Bona Fide Passenger Despite Missing Entries  ||  Delhi High Court: Mere Pleadings Made To Prosecute or Defend a Case Do Not Amount To Defamation  ||  Delhi High Court: Asking an Accused To Cross-Examine a Witness Without Legal Aid Vitiates The Trial  ||  Delhi High Court: Recruitment Notice Error Creates No Appointment Right Without Vacancy  ||  Supreme Court: Subordinate Legislation Takes Effect Only From its Publication in The Official Gazette  ||  Supreme Court: DDA Must Adopt a Litigation Policy To Screen Cases and Avoid Unnecessary Filings    

RBI Working Paper No 02/2021: Regional Economic Convergence in the Manufacturing Sector: An Empirical Reflection- (Reserve Bank of India) (25 Jan 2021)

MANU/RPRL/0015/2021

Banking

Today the Reserve Bank of India placed on its website a Working Paper titled "Regional Economic Convergence in the Manufacturing Sector: An Empirical Reflection" under the Reserve Bank of India Working Paper Series*. The Paper is authored by Madhuresh Kumar. This paper uses data on registered manufacturing firms from the Annual Survey of Industries (ASI) for the post global financial crisis period (2008-09 to 2017-18) and examines the convergence pattern of 21 major states in India and their key drivers. While poorer states are found to have exhibited convergence to the mean Net Value Added per capita (NVApc), richer and middle-income states displayed divergence. Poorer states registered the fastest rate of growth among the three groups, driven by the highest rate of growth in fixed capital. They experienced the lowest rate of growth in labour and the contribution of total factor productivity growth (TFPG) was also negative, suggesting the role of high capital intensity in driving convergence. Richer states exhibited highest rate of growth in labour and the contribution of TFPG was also positive, which enabled them to perform better on overall growth compared with the states in the middle-income category. Within each group, this paper finds evidence of convergence to the mean NVApc.

Tags : WORKING PAPER   MANUFACTURING SECTOR   EMPIRICAL REFLECTION  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved