Using aggregate data from the Annual Survey of Industries, we analyze profitability in India's organized manufacturing sector from 1982-83 to 2012-13. Over the whole period of analysis, the rate of profit grew at about 1 percent per annum, primarily driven by a rising share of profits. We use...

This paper uses the data envelopment analysis (DEA) based Malmquist productivity index to estimate total factor productivity growth (TFPG), technical change, and efficiency change for a panel of firms during the period 1991 to 2001 in 26 Indian manufacturing industries. The paper then analyses...