International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 7, Issue 3 (May-June 2025) Submit your research before last 3 days of June to publish your research paper in the issue of May-June.
Submit Research Paper Join as a Reviewer

Plagiarism is checked by the leading plagiarism checker TurnItIn

Call for Paper

Volume 7 Issue 3
May-June 2025

Submit your research paper

Indexing Partners
Academia Advanced Sciences Index Bielefeld Academic Search Engine CiteSeer DRJI Google Scholar Independent Search Engine & Directory Network ISI (International Scientific Indexing) Issuu Mendeley Research Networks
RefSeek ResearcherId - Thomson Reuters ResearchGate Scirus Scribd Semantic Scholar UTeM - Universiti Teknikal Malaysia Melaka Wiki for Call for Papers WorldCat Zenodo

An Analysis on the Transformative Growth of Machine Tool Industry in India

Author(s) Mr. Lakshmanan M, Dr. Sumathi V
Country India
Abstract This study examines the evolution and performance of India's metalworking machine tool industry, focusing on both Computer Numerical Control (CNC) and Conventional Lathe sectors from 2006–07 to 2022–23. Using secondary data from the Indian Machine Tool Manufacturers' Association (IMTMA) and the Reserve Bank of India (RBI), the research applies statistical tools like Annual Growth Rate (AGR) and Compound Annual Growth Rate (CAGR) to analyse trends in production and exports. The study situates the industry's development within the theoretical frameworks of Arthur Lewis and Maurice Dobb, highlighting structural transformation, capital accumulation, and labour dynamics in a developing economy. Findings reveal significant volatility in the early years, with CNC production and exports showing strong, sustained growth post-2014, while Conventional Lathe production declined. Technological advancements, particularly the adoption of CNC and Industry 4.0 innovations, along with government initiatives like ‘Make in India,’ have played a pivotal role in enhancing competitiveness. The study concludes that India’s machine tool industry holds substantial potential as a global export powerhouse, provided challenges like cost disadvantages, skill gaps, and limited R&D investment are effectively addressed.
Keywords Metalworking Machine Tools, production trends, export performance, Computer Numerical Control (CNC), Conventional Lathes and Cost Disadvantages.
Field Sociology > Economics
Published In Volume 7, Issue 2, March-April 2025
Published On 2025-04-30
DOI https://doi.org/10.36948/ijfmr.2025.v07i02.43213
Short DOI https://doi.org/g9g75q
View / Download PDF File

Share this



E-ISSN 2582-2160
CrossRef

CrossRef DOI is assigned to each research paper published in our journal.

IJFMR DOI prefix is
10.36948/ijfmr

Downloads
Research Paper Format Copyright Permission Form and Undertaking Form Cover Page Vol 7 Isu 3Cover Page Vol 7 Isu 2Cover Page Vol 7 Isu 1

All research papers published on this website are licensed under Creative Commons Attribution-ShareAlike 4.0 International License, and all rights belong to their respective authors/researchers.

CC-BY-SA Open Access

About IJFMR
Fees & Payment
Current Issue
Publication Archive 		Submit Research Paper
Track Submission Status
Publication Guidelines
Publication Ethics
Peer Review & Plagiarism 		Join as a Reviewer
Editors & Reviewers
Reviewer Referral Program
Get Reviewer Membership Certi. 		Website/Journal Policies
Usage Policy
Content Policies
Privacy Policy
Contact Us +91-9687-828-838 editor@ijfmr.com