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Thursday, 12 December 2013

Fertilizer Industry In India: Share of Labour & Productivity Trends

Title: Fertilizer Industry In India: Share of Labour & Productivity Trends
Author: Dr. Kalyan Lal Meena, M.A. Economics, M.Phil, PhD., University of Rajasthan, Jaipur 
ISBN: 978-93-82395-10-2 
Binding: Hard Cover

About The Book:
The study comprises nine chapters. Chapter-I is related to introduction. Chapter-II deals with the nature of the fertilizers and the evolution of fertilizer industry in India since its very inception. Chapter-III analyses the most controversial issue of capital measurement. The various alternative definitions of employment has also been discussed in the chapter. Moreover, the variables used in the present study have also been defined elaborately in the appendix-3.C of the chapter. Chapter-IV gives an indepth study of labour productivity, capital productivity, total factor productivity, capital intensity, capital- output ratio and their inter-relationship for fertilizer industry in India. Chapter-V deals with the impact of liberalisation on the growth rates of total factor productivity (TFP). Besides, comparing with NFL level of TFP, the relative total factor productivity indices for other firms have also been analysed. Chapter-VI gives a detailed account of wage-productivity relationship with the help of correlation (r), regression and the co-efficient of variance (CV) analysis. Chapter-VII deals with the share of wages in gross value added with the help of growth rates, co-efficient of variance (CV) and analysis of variance (ANOVA). Moreover, the wage share constancy hypothesis has also been tested. Chapter-VIII discusses the gain sharing of total factor productivity (TFP) between labour and capital. The Sinha and Sawhney formula is the base of the analysis. Chapter-IX is related to the summary and conclusions with usefull policy suggestions for improving the health of the fertilizer industry in India.
Fertilizer is a major input to Indian agriculture, fulfilling the need of Nitrogen (N), Phosphate (P2O5) and Potash (K2O) nutrients to the plants and crops grown in Indian soil which is mostly deficient in these primary nutrients. The supply of fertilizers has always remained below their demand in India, hence we have to resort to the heavy imports from abroad e.g. the total imports of NPK fertilizers in India has been 4075 thousand tonnes (in material sense) during 1999-2000 (Economic Survey 2000-2001). Still, the fertilizer industry of India is not so small, as it ranks third in the world both in consumption and production of fertilizers during 1994-95 (Fertilizer Statistics 1995-96).
Since fertilizer industry is an intermediate industry, hence its healthy growth, high efficiency and productivity is necessary for healthy and rapid growth of agriculture sector in India. If there is inefficiency in fertilizer industry, it may be transmitted to the agriculture sector of India.
Modern age is the age of competition. Without it no industry can survive in the world market. Only the high level of efficiency and productivity can make an industry competitive in the market. Moreover, the productivity gains should be fairly shared by labour and capital for future expansion and healthy growth of the fertilizer industry in India.
In the light of the above facts the present study deals with the share of labour and productivity trends in fertilizer industry in India. Besides, wage-productivity relationship and sharing the productivity gains are also focussed. The study is mainly concerned with the trends of labour productivity, capital productivity, total factor productivity and wage share, the impact of liberalisation policies on productivity change, relationship between wages and productivity, testing the wage-share constancy hypothesis and sharing the total productivity gain between labour and capital.
The plan of the study is as follows:
The study comprises nine chapters. Chapter-1 is related to introduction. Chapter-2 deals with the nature of the fertilizers and the evolution of fertilizer industry in India since its very inception. Chapter-3 analyses the most controversial issue of capital measurement. The various alternative definitions of employment has also been discussed in the chapter. Moreover, the variables used in the present study have also been defined elaborately in the appendix-3.1 of the chapter. Chapter-4 gives an indepth study of labour productivity, capital productivity, total factor productivity, capital intensity, capital- output ratio and their inter-relationship for fertilizer industry in India. Chapter-5 deals with the impact of liberalisation on the growth rates of total factor productivity (TFP). Besides, comparing with NFL level of TFP, the relative total factor productivity indices for other firms have also been analysed. Chapter-6 gives a detailed account of wage-productivity relationship with the help of correlation (r), regression and the co-efficient of variance (CV) analysis. Chapter-7 deals with the share of wages in gross value added with the help of growth rates, co-efficient of variance (CV) and analysis of variance (ANOVA). Moreover, the wage share constancy hypothesis has also been tested. Chapter-8 discusses the gain sharing of total factor productivity (TFP) between labour and capital. The Sinha and Sawhney formula is the base of the analysis. Chapter-9 is related to the summary and conclusions with useful policy suggestions for improving the health of the fertilizer industry in India.

Online Purchasing:
1. http://www.infibeam.com/Books/fertilizer-industry-india-share-labour-productivity-trends-dr-kalyan-lal-meena/9789382395102.html?utm_term=Ruby_1_11

2. http://www.uread.com/book/fertilizer-industry-in-india-share/9789382395102

3. http://www.flipkart.com/fertilizer-industry-india-share-labour-productivity-trends/p/itmdmvs4zxsvskzf?pid=9789382395102&otracker=from-search&srno=t_1&query=Fertilizer+Industry+in+India+Share+of+Labour+and+Productivity+Trends&ref=0f06e7b3-29f9-4779-adcf-139b59f8dbf1

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