Productivity has assumed the central stage in economic development and
industrial growth today It has become further vital in gauging the progress of an
industry or a nation by how much it efficiently produces in the liberalised
the environment of the World Our country has faced two major phases of change as
far as economic and industrial development is concerned First, when it attained
independence and adopted a mixed pattern of the economy and second when it
deviated from the earlier one, on liberalization