Technological change and employment in India

This book is an analytical and empirical study of the labour- absorptive capacity of Indian industry in the light of technological changes taking place therein. The failure of Indian Industry to generate employment commensurate with the increase in industrial investment and output has caused serious concern among economists as well as policy makers. This phenomenon is sought to be explained by factors such as deceleration in the rate of growth of industrial output, inappropriate factor proportions and output-mix and, inefficient use of capital and idle capacity. These notions, however, lacked a rigorous analytical and empirical interpretation. The present book is an earnest attempt towards filling this gap. The book is refreshing, imaginative and informed; it is put at the readers' disposal in a clear and well-written exposition. It would prove to be extremely useful not only to the students of development economics and planners but also as a forerunner to future research in the area of industrial development strategy concerned with accelerating growth with employment.