Quick Summary
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 manuf
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The paper found that poorer Indian states are converging in terms of Net Value Added per capita (NVApc) in manufacturing, while richer and middle-income states are diverging.
The study covers the post-global financial crisis period, from 2008-09 to 2017-18.
Convergence in poorer states is driven by a high rate of growth in fixed capital, indicating high capital intensity.
Richer states exhibit the highest growth in labour and a positive contribution from total factor productivity growth.
The paper examines the convergence pattern of 21 major states in India.
NVApc stands for Net Value Added per capita, a measure of economic output.
CAclubindia
