Open AccessASSESSING THE COMPETITIVENESS OF FIRMS IN THE INDIAN MANUFACTURING SECTOR: AN INTER INDUSTRY ANALYSIS
Author(s) -
Pradipta Kumar Sahoo,
Badri Narayan Rath,
Viet Le
Publication year - 2022
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.505
H-Index - 4
ISSN - 2460-9196
DOI - 10.21098/bemp.v24i4.1678
Subject(s) - business , manufacturing , competition (biology) , manufacturing sector , capital intensity , sample (material) , index (typography) , capital (architecture) , foreign ownership , industrial organization , foreign direct investment , market economy , labour economics , economics , human capital , marketing , history , ecology , chemistry , macroeconomics , archaeology , chromatography , world wide web , computer science , biology
This study measures the competitiveness of Indian manufacturing industries by covering 650 firms from 11 industries using the composite index approach. Firms are classified into two broad groups based on labor-capital intensity and ownership. The study found that capital-intensive industries are more competitive than labor-intensive industries. With regards to ownership of firms, the study finds that foreign-owned firms are more competitive than domestic firms. The study also divides the sample into two sub-periods based on India’s Competition Act 2002. The results reveal that competitiveness has slightly increased after the implementation of the Act.