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Impact of the ATC on the performance and productivity of Indian apparel manufacturing

Impact of the ATC on the performance and productivity of Indian apparel manufacturing This paper aims to study the productivity growth in the Indian apparel industry in aggregate over the period 1995–2015 and compare the performance of the Indian apparel industry during the decade of the Agreement on Textiles and Clothing (ATC) and the decade post its expiry.Design/methodology/approachThe aggregate productivity performance has been studied using the technique of growth accounting and the translog index. A comparison of industry performance has also been made by analysing data. The data has been collated from Annual Survey of Industries reports, CMIE Economic Outlook and CMIE Industry Outlook databases.FindingsThe apparel industry has seen significant growth in terms of all industry variables and exports. However, the growth in exports is much lower than the growth in other industry variables related to output and input. While there is productivity improvement in aggregate over the study period, the quantum is low. Total factor productivity growth is positive and higher for the period post the ATC.Originality/valueTo the best of the author’s knowledge, there has been no such recent study comparing performance and productivity in Indian apparel manufacturing during and after the expiry of the ATC. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Development Issues Emerald Publishing

Impact of the ATC on the performance and productivity of Indian apparel manufacturing

International Journal of Development Issues , Volume 21 (3): 11 – Sep 20, 2022

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References (43)

Publisher
Emerald Publishing
Copyright
© Emerald Publishing Limited
ISSN
1446-8956
eISSN
1446-8956
DOI
10.1108/ijdi-02-2022-0045
Publisher site
See Article on Publisher Site

Abstract

This paper aims to study the productivity growth in the Indian apparel industry in aggregate over the period 1995–2015 and compare the performance of the Indian apparel industry during the decade of the Agreement on Textiles and Clothing (ATC) and the decade post its expiry.Design/methodology/approachThe aggregate productivity performance has been studied using the technique of growth accounting and the translog index. A comparison of industry performance has also been made by analysing data. The data has been collated from Annual Survey of Industries reports, CMIE Economic Outlook and CMIE Industry Outlook databases.FindingsThe apparel industry has seen significant growth in terms of all industry variables and exports. However, the growth in exports is much lower than the growth in other industry variables related to output and input. While there is productivity improvement in aggregate over the study period, the quantum is low. Total factor productivity growth is positive and higher for the period post the ATC.Originality/valueTo the best of the author’s knowledge, there has been no such recent study comparing performance and productivity in Indian apparel manufacturing during and after the expiry of the ATC.

Journal

International Journal of Development IssuesEmerald Publishing

Published: Sep 20, 2022

Keywords: India; WTO; Total factor productivity; Apparel manufacturing; ATC; Growth accounting

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