Profitability in India’s Organized Manufacturing Sector: The Role of Technology, Distribution and Demand
利用1982-83至2012-13年印度年度工业调查的汇总数据，分析了有组织制造业的盈利能力，发现利润率年均增长约1%，主要由利润份额上升驱动，且技术和总需求是短期盈利能力变化的重要因素。
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% per annum, primarily driven by a rising share of profits. We use visual inspection to identify five shorter-run profitability regimes: 1982–91, 1991–96, 1996–2001, 2001–07 and 2007–12. Profit rate decomposition analysis shows that both technological factors and aggregate demand have been important determinants of changes in profitability in these shorter periods.