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