Effect of Macroeconomic Fundamentals on the Financial Performance of Select Companies in Indian Manufacturing Sector in Post-Liberalization Era

Abstract

THERE IS NO doubt that the manufacturing sector is th e prime iver of economic growth for a country. Presence of a strong manufacturing sector is also quintessential in generating adequate employment opportunity in an economy. With the gradual opening up of the Indian economy since mid- eighties, the opportunity for growth for the Indian manufacturing firms has multiplied on one hand and on the other hand the firms has to face the externalities emanating from the exposure to the industry specific and macroeconomic factors which were not so powerful prior to the opening up of the economy as a whole.