Structural Changes in Indian Economy - An Input-Output Analysis

As the Indian economy has grown, it has witnessed several changes in its structure. The 1990s have been a period of transition and structural change for the Indian industrial economy. In this paper, it is attempted to study the structural changes in the Indian economy over a period of ten years using input-out analysis, which provides the tools necessary to evaluate industries, including their relationships to the rest of the economy. The present study adopts the technique called “Multiplier Product Matrix” to study these structural changes. The variations observed in the visual presentation of MPM analysis, denominated economic landscapes, show the changing linkages between the industries.