The insuring better allocation of resources could

The study is based on
secondary sources of data and quantitative method of research.  The major data sources are Annual Survey of
Industries in India, Ministry of Micro, Small and Medium Enterprises,
Directorate of Economics and Statistics 2011-12, Census 2011, Economic Survey
of Jammu and Kashmir 2014-15, State Developmental Report 2011, Agricultural
Survey Jammu and Kashmir 2005-06 and Below Poverty Line Survey 2008.

There are three major ways to decide as to whether
one national or regional economy is undertaking industrialization. The first
requires a comparison of the relative contribution to the gross domestic
product of the secondary sector versus that of the primary sector (agriculture,
fisheries, hunting, and extraction of raw materials). The second compares the
percentage of the workforce employed in industry versus agriculture. The third
is more subjective, but also more geographical, in that it assesses the extent
of industrialization by simply observing the landscape of a region. Since
industrial activities necessitate a drastic change of the physical landscape
(e.g., fixed capital in the form of built environments), they are easier to
spot than more subtle social processes such as exploitation, racism, or social
stratification (
Simandan, 2009).

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The present research work has taken
utmost care to select most relevant determinants of industrlisation in Jammu
and Kashmir. These indicators will provide an obvious representation of industrlisation
scenario of Jammu and Kashmir and are as follows:

Financial
Development: The presence of financial institutions
insuring better allocation of resources could affect the industrialization
process. In particular, existence of efficient banking system insuring careful
financing to firms, notably small and medium sized firms, reinforce domestic
entrepreneurship capabilities.

 

Governance:
The
presence of institutions capable of guaranteeing better rule enforcement,
transparency, absence of corruption and government stability could improve
doing business climate and stimulate entrepreneurial spirit. On the contrary,
the existence of significant governance deficiencies could render difficult the
building up of a solid industrial sector and complicate the leading of
appropriate industrial policy.

Human
Capital: Human capital development in the form of sufficient
technically and scientifically qualified personnel allows coping with the
increase of demands and industrial development. Indeed, creating immobile
national assets, notably through education, training and healthcare spending
could provide the base for competitive industrial sector and improve the
attractiveness of investments. Therefore, increasing government support to
education, improving vocational training and guaranteeing access to healthcare
are prerequisites for any form of industrialization

Macro
Stability: Generally, a stability of the macro
environment encourages growth given that it leads firms to act in a rational
manner. That’s because, in a context of low inflation, suitable deficit and
public debt, more risk-averse investment behavior is limited and access to
financial and capital markets is less difficult.

Economic
Openness: Following outward-looking industrial strategy allow
access to large markets and a growing demand which encourage a large scale
industrialization programs moreover, trade liberalization allows access to
imported inputs at free trade prices, access to technology and capital as well
as a more competitive exchange rate which boost industry growth.

Labour: The employment opportunities created by the
industrial units in the state.

Investment: The relation between industrlisation and investment
on industries both domestic and foreign will be tested to examine the cause and
effect.

Education (Sec. Enrolment): Education
Attainment (secondary school enrollment) including the vocational training
schools, ITI, s and polytechnic colleges.

Entrepreneurship: Entrepreneurs play an important part in economic growth and
development.
Entrepreneurs are also vital in the process of structural change or industrialization, Hence the role
entrepreneurship becomes vital.

Industrial
Output Growth: Contribution of the industrial sector
to the GDP.

Electricity
Generation: This will examine the role played by electricity in the
course of industrial development, knowing that Jammu and Kashmir have rich
water resources.

Infrastructure: The good infrastructure
base in the state can attract the more investors towards the state. Hence, the
role of infrastructure will be analyzed.

The data on all above determinants will
be collected from the resources mentioned above and thereafter we will analyze
the relation between industrlisation and all selected determinants. The
appropriate statistical tool will be used in the later stage of our work.

 

 

 

 

 

 

 

 The study is based on
secondary sources of data and quantitative method of research.  The major data sources are Annual Survey of
Industries in India, Ministry of Micro, Small and Medium Enterprises,
Directorate of Economics and Statistics 2011-12, Census 2011, Economic Survey
of Jammu and Kashmir 2014-15, State Developmental Report 2011, Agricultural
Survey Jammu and Kashmir 2005-06 and Below Poverty Line Survey 2008.

There are three major ways to decide as to whether
one national or regional economy is undertaking industrialization. The first
requires a comparison of the relative contribution to the gross domestic
product of the secondary sector versus that of the primary sector (agriculture,
fisheries, hunting, and extraction of raw materials). The second compares the
percentage of the workforce employed in industry versus agriculture. The third
is more subjective, but also more geographical, in that it assesses the extent
of industrialization by simply observing the landscape of a region. Since
industrial activities necessitate a drastic change of the physical landscape
(e.g., fixed capital in the form of built environments), they are easier to
spot than more subtle social processes such as exploitation, racism, or social
stratification (
Simandan, 2009).

The present research work has taken
utmost care to select most relevant determinants of industrlisation in Jammu
and Kashmir. These indicators will provide an obvious representation of industrlisation
scenario of Jammu and Kashmir and are as follows:

Financial
Development: The presence of financial institutions
insuring better allocation of resources could affect the industrialization
process. In particular, existence of efficient banking system insuring careful
financing to firms, notably small and medium sized firms, reinforce domestic
entrepreneurship capabilities.

 

Governance:
The
presence of institutions capable of guaranteeing better rule enforcement,
transparency, absence of corruption and government stability could improve
doing business climate and stimulate entrepreneurial spirit. On the contrary,
the existence of significant governance deficiencies could render difficult the
building up of a solid industrial sector and complicate the leading of
appropriate industrial policy.

Human
Capital: Human capital development in the form of sufficient
technically and scientifically qualified personnel allows coping with the
increase of demands and industrial development. Indeed, creating immobile
national assets, notably through education, training and healthcare spending
could provide the base for competitive industrial sector and improve the
attractiveness of investments. Therefore, increasing government support to
education, improving vocational training and guaranteeing access to healthcare
are prerequisites for any form of industrialization

Macro
Stability: Generally, a stability of the macro
environment encourages growth given that it leads firms to act in a rational
manner. That’s because, in a context of low inflation, suitable deficit and
public debt, more risk-averse investment behavior is limited and access to
financial and capital markets is less difficult.

Economic
Openness: Following outward-looking industrial strategy allow
access to large markets and a growing demand which encourage a large scale
industrialization programs moreover, trade liberalization allows access to
imported inputs at free trade prices, access to technology and capital as well
as a more competitive exchange rate which boost industry growth.

Labour: The employment opportunities created by the
industrial units in the state.

Investment: The relation between industrlisation and investment
on industries both domestic and foreign will be tested to examine the cause and
effect.

Education (Sec. Enrolment): Education
Attainment (secondary school enrollment) including the vocational training
schools, ITI, s and polytechnic colleges.

Entrepreneurship: Entrepreneurs play an important part in economic growth and
development.
Entrepreneurs are also vital in the process of structural change or industrialization, Hence the role
entrepreneurship becomes vital.

Industrial
Output Growth: Contribution of the industrial sector
to the GDP.

Electricity
Generation: This will examine the role played by electricity in the
course of industrial development, knowing that Jammu and Kashmir have rich
water resources.

Infrastructure: The good infrastructure
base in the state can attract the more investors towards the state. Hence, the
role of infrastructure will be analyzed.

The data on all above determinants will
be collected from the resources mentioned above and thereafter we will analyze
the relation between industrlisation and all selected determinants. The
appropriate statistical tool will be used in the later stage of our work. 

 

 

 

 

 

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