Industrial growth patterns across Global, Income groups and Major Countries
K. Deepika1* and B. Mathavan2
1*2Department of Economics, Faculty of Arts, Annamalai University, Annamalai Nagar, Chidambaram, Address for Correspondence : K. Deepika Ph.D. Research Scholar, Department of Economics, Faculty of Arts, Annamalai Nagar, Annamalai University, Chidambaram – 608002. Tamil Nadu, (India) Email ID: deepukamal296@gmail.com Contact details of authors: 1K. Deepika – 9486399327 ORCID ID: https://orcid.org/0009-0000-8420-0699 2B. Mathavan – 9042218660 ORCID ID: https://orcid.org/0000-0001-9908-8994
ABSTRACT
Industrial growth remains a fundamental driver of economic transformation, yet its patterns differ considerably across the world. This paper examines industrial growth across global regions, income groups, and major countries to identify trends of divergence and convergence. The emerging economies such as China and India have demonstrated accelerated industrial expansion; advanced economies like Japan, United States, and Germany have experienced stagnation or slower growth rates in recent decades. Similarly, middle- and low-income countries often exhibit accelerated industrial growth compared to highincome nations, highlighting a divergence in growth trajectories. These variations raise important questions about the nature, pace, and sustainability of industrial development across different contexts. So, the findings provide insights into the uneven nature of industrialization and emphasize the need for inclusive strategies that bridge growth gaps across income groups and countries.