Using aggregate data from the Annual Survey of Industries, we analyze profitability in India's organized manufacturing … two medium run regimes, one of declining profitability (1982-83 to 2001-02), and another of growing profitability (2001 …-02 to 2012-13). We find six short run regimes, of which only two are periods of rising profitability, 1987-88 to 1996 …

We use a state-level panel data set for the period 1969-2005 to analyze the relative importance of profitability (rate … added, investment and employment - we find that profitability is more significant than industrial disputes in explaining the …