Analysing Productivity Performance of Indian Fertiliser Industry

This book is an attempt to measure the productivity performance of fertiliser industry in India. This industry has played a remarkable role in increasing the productivity of Indian agriculture. At this backdrop, the analysis of productivity related aspects of this industry becomes highly significant. In this book, an attempt is made to study the productivity performance of fertiliser industry in the pre- and post-liberalization era using the econometric and growth accounting analysis. The various components of the productivity growth, viz. returns to scale, technical progress, elasticity of substitution and technical bias are also estimated. Findings of the study indicate productivity gain in Indian fertiliser industry in the pre- as well as post-liberalization period. Indian fertiliser Industry has performed reasonably well on productivity performance front inspite of the uncertain policy environment created by the Government due to its lopsided policies. Therefore there is an urgent need on the part of Government of India to undertake sustainable policy measures, which can put Indian fertiliser industry on a higher productivity growth trajectory.