Globalization and Industrial Development in Developing Countries: Evidence from India’s Automobile Industry

By : Jatinder Singh , Maninder Deep Cheema

Page No: 159-171

Abstract
The objective of this paper is to analyze the impact of the changing economic environment on the structure and development of the automobile industry in India since 1991. This study, using various concentration indices and growth measures, has shown that the policy changes do influence the structure and contribute to the growth of the industry. However, the impact of liberalization policies differs across sub-sectors of the industry, with the passenger vehicles segment witnessing a consistently high growth and greater restructuring as compared to others segments of the industry. Thus, besides liberalization policy, sector-specific factors remain critical in determining the outcomes for any sector.

Authors :
Jatinder Singh : Centre for Economic Studies and Planning, Jawaharlal Nehru University, New Delhi.
Maninder Deep Cheema : Institute of Company Secretaries of India