A Study of Macroeconomic Dynamics and Manufacturing Productivity in India: Integration with Structural breaks

Author(s)	Manisha Yadav, Waqar Ahmed, Manju Yadav
Country	India
Abstract	This study examines India’s macroeconomic and structural transformation and its association with economic growth and manufacturing productivity during 1985-2022. Using secondary data and descriptive analysis, it evaluates capital formation, human capital, financial development, FDI, trade, technology, R&D, infrastructure, and macroeconomic conditions. The main finding is that, despite substantial improvement in India’s structural and macroeconomic foundations, manufacturing total factor productivity remained low and highly volatile, recording an average growth of only about 0.38% over the study period. Major fluctuations in productivity were associated with periods of economic reforms and domestic and global shocks. The findings highlight the need to strengthen productive investment, technological adoption, innovation, human capital, financial intermediation, and macroeconomic stability to achieve sustained improvements in manufacturing productivity and economic growth.
Keywords	Keywords: Economic Growth, Manufacturing productivity, Structural transformation, Macroeconomic variables, structural breaks and Indian economy
Field	Sociology > Economics
Published In	Volume 8, Issue 5, September-October 2026
Published On	2026-10-04
DOI	https://doi.org/10.36948/ijfmr.2026.v08i05.89058

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