Estimating TFP of Leather Industry: With special reference to State Tamil Nadu
Leather is one of the most prominent and growing industry in India contributingtotal skin productionup to 13% of global contribution, and also global production of leather from footwear is approx. 10 percent. Footwear, fashion, furniture, automotive and interiorsare the key segmentsof leather demand. An attempt had been made to estimate TFPG and to analyse the performance of Leather industry in Tamil Nadu on basis of productivity and efficiency. time series data from 1998-99 to 2012-2013 with five variables:- fixed capital, depreciation, net value added, total emoluments, no. of workers employed have been taken. To estimate TFP some tools have been used namely Kendrick, Solow and Tornquist. Depreciation of 2% was taken and base year taken is 2011-12 to deflate the several values. Findings of the study reveals that TFP of leather industry in Tamil Nadu was high in the year 2009-10 followed by 2012-13, whereas lowest was recorded in 2004-05.