Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics

Vidya Pitre , Latika Argade

Abstract

We are happy that our note on Industrial and Trade Classification establishing a broad correspondance between the old and new ASI classification at 3 digit level as also the MSP (New), ITC and RITC classifications (this journal, September 1978, Vol. 20, No.3) has caught the discerning eye of the critical researcher and we would like to offer some comments on his note.

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Vidya Pitre , Latika Argade

Abstract

The growth and diversification of the production and trade overtime requires changes in the classification. In addition to these changes in the definition of the unit such as factory or establishment, the objectives with which data are collected might also change over time. All these make the task of a researcher engaged in studies concerning changes over time, involving numerous adjustments in making the data comparable over the time, very difficult.

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Latika Argade , Vidya Pitre

Abstract

A judgement about the productivity trends is necessary both for analytical and policy purposes. Productivity of different factors sometimes vary in different directions and measurement of overall productivity becomes difficult. In order to form judgement about the drift of overall productivity data on total cost per unit of output can be made use of Conceptually total input is just another name for total cost and total productivity is just the inverse of average cost.

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Vidya Pitre

Abstract

INDIA'S industrial development has taken place within the framework of extensive economic planning wherein a major role has been assigned to industrialisation via import-substitution. This has ushered in the pattern of industrial growth which has encouraged the growth of capital intensive industries. To support such a pattern a vigorous policy of tariff and non-tariff protection was pursued. The overall impact of this strategy of industrial growth on factor-use has been noted at various places.

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