Policy interventions needed for achieving 10pct. industrial growth in Andhra Pradesh

Abstract

Chapter I talks of how the interest in the topic came to the researcher. It was due to heavy criticism, on Government of Andhra Pradesh Vision 2020 statement, even by eminent people as a daydream and the goals stated there in as not attainable prompted this work. As I had the personal experience of working for seven years in the central excise department at Hyderabad, and having interacted with the industry I felt the industrial growth was not much and some where the policy was not appearing to be in tune with the needs of the goals set. Chapter II deals with literature review. To get an understanding on the industrial growth I had to do a lot of literature review not for merely doing the research, but due to the fact of having no special domain knowledge on the subject, it was essential to get a feel before attempting any research. I had also written a policy paper on China's economic growth at Maxwell. Even my other assignments in course were on related issues like TRIMS, VAT, and Service Tax etc. to prepare myself for this research. The literature has been to get an understanding of industrial growth in India especially in reform era. Except for three articles which are specific to A.P. rest all deal with reports suggesting what the Government should do and what the industry should be doing. Al this leading of literature makes the issue clear that the future growth of industry in India is dependent on how the industry copes up with improving its productivity, skill levels and innovate to stay in the market, and that for any Government is how to device policies which do not act as bottle necks of growth and provide good governance to ensure that the industry thrives. Today there is a real fear of Indian capital flying out of the country to places like China. So states within India are not only competing among themselves but also with other nations of course, not only for Indian capital investment but also for FDI. This comes out in the literature review. Chapter III talks of the research objectives, questions and methodology. The objective was to primarily see whether 10pct. industrial growth is possible and whether, any sincere efforts are being made to increase the growth rate from 5 to10 percent. Another objective was to see the acceptance level of policies being advocated. Another objective was to make any practical and useful policy suggestions after interacting with the industry in a different setting of academic research. Questions to meet the objectives were designed in consultation with my guide who gave me a more focused approach. Methodology adopted was both quantitative and qualitative. Chapter IV is devoted to research analysis and findings and has two components one on quantitative findings, which is explained on the basis of data, analysed in the computer on the SPSS package. The qualitative findings are analysed on the basis of opinions gathered during interview sessions and all opinions have been discussed with other respondents to know their viewpoint. However there is no correlation attempted between quantitative and qualitative research findings as the objective of quantitative research to ascertain all the objectives set forth, and the qualitative research objective was only for making policy suggestions which does not strike the mind of the researcher. Chapter V talks of conclusions drawn as a result of findings made through both quantitative and qualitative methods. The growth target of 10 per cent though achievable has many hurdles to cross as many policy issues are in the realm of centre and A.P.state can only hope for the best. Finally the conclusion drawn was to give maximum fillip to existing industry to enable them to become global majors so that the growth objective can be achieved especially when the industry has become so competitive and it has become a race of survival of the fittest, and Government should not hope for fresher to come and start.