PERFORMANCE OF SELECTED EXPORT INDUSTRIES OF PUNJAB SINCE 1990 AN ANALYSIS

Abstract

In this study exports performance of six selected (readymade garments and hosiery, sports good, leather good, yarn and textile, hand tools/machines and cycle and cycle parts) industries from Punjab since 1990 had been analyzed. Punjab has achieved remarkable growth since independence and is now one of the richest States of India. The success of industrialization in the context of dependence of industrialization not only on the capability of agriculture to generate surpluses but also on whether and how these surpluses could be channeled into industrial development. Punjab is mainly an agrarian state with 85.6 per cent of its total area under cultivation. It also accounts for 1 per cent of the world s rice production and 2 per cent of the world s wheat and cotton production. Being biased towards agriculture, much industry situated in the state is food and beverage based. newlineThe various studies had conducted on India/Punjab industrial export performance at national as well as State levels. These industries were playing very important role in terms of exports, employment, output, profitability and scope of development. Before the liberalization period the industrial exports was not able to achieve economies of scale, employment level etc. Various studies stated that after the liberalization period, there were huge increments in exports of Punjab as well as India at large scale due to up gradation of technology, increasing economies of scale. Another important factor that played important role was education which further leads to skilled labour and investment by MNC s. To sum up, growth of industrial exports leads to economic development of nations as well as states. newline