New and Dynamic Sources of Industrial Growth

Abstract

An attempt is made in this paper to analyse the sources of industrial growth then and now, focussing largely on new sources which rekindle dynamic growth across manufacturing subsectors. While the past academic exercises on the sources of industrial growth were demand-centric, decomposing the sources of industrial growth into domestic demand, external demand and import substitution, current research on the sources of industrial growth concentrates on knowledge, skills, information, technology, innovation and networking as new and dynamic sources of industrial growth.