This book discusses the role historical events played in determining the pattern of growth of Indian manufacturing. Two important historical events significantly influenced the course of Indian manufacturing from the 15th century AD. The first was the arrival of European merchants via sea route pioneered by Vasco-da-Gamma in 1498 and the other was the dawn of the Mughal Empire in 1526. The book explores how these two events provided the appropriate stimulus for the emergence of traditional flexible manufacturing in India and how they played a vital role in the pattern of growth of the Indian manufacturing: The Mughal Empire created an integrated economy of continental size whereas European trading companies expanded the commercial connectivity of the Indian economy and South East Asia. It further investigates how the circumstances created by the colonial administration, factor endowment and market conditions created the complex forms of manufacturing enterprises that India inherited at the time of independence. It is a valuable resource for students of history, economic history, business history and the history of technology.

This book discusses the role historical events played in determining the pattern of growth of Indian manufacturing. Two important historical events significantly influenced the course of Indian manufacturing from the 15th century AD. The first was the arrival of European merchants via sea route pioneered by Vasco-da-Gamma in 1498 and the other was the dawn of the Mughal Empire in 1526. The book explores how these two events provided the appropriate stimulus for the emergence of traditional flexible manufacturing in India and how they played a vital role in the pattern of growth of the Indian manufacturing: The Mughal Empire created an integrated economy of continental size whereas European trading companies expanded the commercial connectivity of the Indian economy and South East Asia. It further investigates how the circumstances created by the colonial administration, factor endowment and market conditions created the complex forms of manufacturing enterprises that India inherited at the time of independence. It is a valuable resource for students of history, economic history, business history and the history of technology.

Among the numerous issues dealt in this book are debate on employment potential in the organized industry at various stages of policy reforms, variations in demands for labour across policy reforms, methods of labour adjustments and so on. This book will provide useful insights to organizations that are concerned with the interests of workers. An invaluable reference for economists, policy makers and management experts. Contents Acknowledgements List of Tables List of figures Introduction CHAPTER : 1 Demand for labour in the Organised Industry 1.1 Macro economic Perspective 1.2 Micro economic perspective 1.3 Dynamic Micro Level influences on Labour Demand CHAPTER : 2 Labour Market Institution in India 2.1 Institutional Setting of the Working of the Organised Industry 2.2 Institutional Setting of the Indian Labour Market 2.3 Restructuring of the Organised Industrial Sector 2.4 Summary and Conclusion CHAPTER : 3 Demand for Labour in the Indian Organised Industry 3.1 Review of Literature on Labour Demand function 3.2 Methodology and Database 3.3 Estimates of Demand for Labour in the Aggreagate Industrial Sector 3.4 Inter- industry Variation in Demand for Labour 3.5 Employment Functions 3.6 Summary and Conclusion Appendix A 3.1 Annual Survey of Industries Appendix A 3.2 Economics of Non Production Workers CHAPTER : 4 Structural Changes in Demand for Labour in the Organised Industry 4.1 Identification of Structural Breaks Based on Growth Rates 4.2 Estimation of Inter-temporal Variation in Elasticity of Labour Demand 4.3 Variables and Estimates 4.4 Elasticity of Labour Demand Using Labour Demand Function 4.5 Inter industry Variation in Demand Function 4.6 Summary and conclusion