Centre for Development Studies, Working Paper, 495.Įusuf, M.A., Khaleque, M. Evolution of the Pharmaceutical Industry Bangladesh, 1982 to 2020. Reserve Bank of India, Mumbai: mimeo.Ĭhaudhuri, S.
Trends in Total Factor Productivity of Manufacturing Sector in West Bengal: A Sectoral and Temporal Analysis. Economic and Political Weekly.Ĭhattopadhyay, S. (2010, February 6): “Trade Unions and Business Firms: Unorganized Manufacturing in West Bengal”. What’s Next for Bangladesh’s Garment Industry After a Decade of Growth? Mckinsey & Company Insights Reports.Ĭhakravarty, D. īerg, A., Chhaparia, H., Hedrich, S., & Magnus, K. Covid-19 Pandemic: Inflicted Costs and Some Emerging Global Issues. International Journal of Science and Business, 5(11), 1–11.īarai, M. Impacts of Covid-19 Pandemic on RMG Sector: A Study of Bangladesh. International Journal of Building Pathology and Adaptation.Īktar, R., Siddika, S., Auntu, S. Implementation of Lean Construction in the Construction Industry in Bangladesh: Awareness, Benefits, and Challenges. More interestingly, the total factor productivity (TFP) of the West Bengal manufacturing sector as a whole has been declining, while it has been increasing in the case of India.Īhmed, S., Hossain, M. However, the latter has increased mainly due to a few industry groups, which are highly capital-intensive and have contributed around 85 per cent of the profit of the entire manufacturing sector. We find that capital productivity in the manufacturing sector has declined while labour productivity has increased. As for West Bengal, studies show there has been a deceleration of the manufacturing sector. This chapter finds that though the worker per capita value added is stagnating, Bangladesh has seen the emergence of other manufacturing areas like leather products, pharmaceuticals, shipbuilding, real estate construction, etc.
In the 2010s, the manufacturing sector surpassed the agricultural sector in terms of GDP contribution, thanks to the readymade garments (RMG) industry. It started transforming in the 1980s when the service sector’s Gross Domestic Product (GDP) contribution overtook the agriculture sector’s GDP. When Bangladesh achieved independence, it was an agriculture-dependent country.
The manufacturing sector is considered a growth engine in the two Bengals.
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