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Recession and Its Aftermath pp 179–213Cite as

Output Growth in Post Liberalized India: An Input–Output Structural Decomposition Analysis

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Abstract

Over time, with changes in the structure of the economy, economic activities will expand and these structural changes are the prerequisite for development. For the Indian economy, it was in mid 1991 when the process of adjustment and reforms was initiated with greater zeal. The present study analyzes the sources of output growth from 1993–1994 to 2006–2007. The time point falls in the period of the ongoing reforms, and the period since then is long enough to attempt an assessment. The method of demand-side decomposition of output growth within an input–output framework has been utilized. The output growth over the study period has been divided into four components, viz, growth in output due to average growth of final demand, growth in output due to changes in the composition of the final demand, growth in output due to changes in input–output coefficients, and growth in output due to interaction of the change in final demand and change in technology.

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Notes

  1. 1.

    The export share of this sector is significant as Indian textiles are world-class textiles.

References

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Authors and Affiliations

  1. Department of Humanities and Social Sciences, Indian Institute of Technology, Kanpur, India

    K. K. Saxena, Sarbjit Singh & Rahul Arora

Authors
  1. K. K. Saxena
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  2. Sarbjit Singh
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  3. Rahul Arora
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Corresponding author

Correspondence to K. K. Saxena .

Editor information

Editors and Affiliations

  1. , Economics, BB Ambedkar University, Rbly Road, Lucknow, 226025, Uttar Pradesh, India

    NMP Verma

Appendix

Appendix

Table A1 Total change in output (in 100,000 rupees)
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Table A2 Sources of output growth (in 100,000 rupees): 1993–1994 to 2006–2007
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Table A3 Contributions of different demand categories (in 100,000 rupees)
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Table A4 Decomposition of first component of output change (in 100,000 rupees), i.e., due to average growth
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Table A5 Decomposition of first component of output change (%), i.e., due to average growth
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Table A6 Decomposition of second component of output change (in 100,000 rupees), i.e., due to compositional change
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Table A7 Decomposition of second component of output change (%), i.e., due to compositional change
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Table A8 Decomposition of third component of output change (in 100,000 rupees), i.e., due to technological change
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Table A9 Decomposition of third component of output change (%), i.e., due to technological change
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Table A10 Decomposition of fourth component of output change (in 100,000 rupees), i.e., due to interaction factor
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Table A11 Decomposition of fourth component of output change (%), i.e., due to interaction factor
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Table A12 Sectors classified by the Central Statistical Organization (CSO) in 1993–1994
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Table A13 Sectors classified by CSO in 2006–2007
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Table A14 Detailed list of sector aggregation
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Saxena, K.K., Singh, S., Arora, R. (2013). Output Growth in Post Liberalized India: An Input–Output Structural Decomposition Analysis. In: Verma, N. (eds) Recession and Its Aftermath. Springer, India. https://doi.org/10.1007/978-81-322-0532-6_9

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