Manufacturing underperformed due to rise in multi-plants
Business Standard|November 29, 2024
Former chief economic advisor (CEA) Arvind Subramanian in his latest paper on Thursday highlighted the underperformance of the Indian manufacturing sector due to the rise in multi-plants, where a firm sets up multiple production facilities within a state.
SHIVA RAJORA
Manufacturing underperformed due to rise in multi-plants

Presenting his findings at a seminar organised by the policy think tank Centre for Social and Economic Progress (CSEP), Subramanian argued that multi-plants have grown dramatically over time. The share of multi-plants increased to 30 per cent in 2022 from 15 per cent in 2001 of the total large plants that employ more than 200 employees.

On the employment front, they constituted 43 per cent of total non-managerial employees in 2022, up from 17 per cent in 2001.

This story is from the November 29, 2024 edition of Business Standard.

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This story is from the November 29, 2024 edition of Business Standard.

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