Impact of liberalisation on performance of Indian industries - A firm level study

This paper tries to see the impact of liberalisation on the performance of selected Indian industries with firm level data. The performance indicators chosen for this study are growth of value added, capital intensity, labour productivity (partial productivity indicator) and total factor productivity (TFP). The paper also observes the performance of these industries in terms of inter-temporal changes in efficiency from 1989 to 1994. It concludes that productivity growth and efficiency level have not improved as per expectation during the post-reform period and the distribution of efficiency is skewed. However, the time period is not long enough to reach any final conclusion. But such study is needed to review the impact of liberalisation on Indian industries for better monitoring of reform policies.