Table 2.
Classification of Firms by Technological Orientation of Industries (%)
FY2003–2004 to FY2007–2008
Majority OwnedDominant_MinorityMinority OwnedExperiential_Foreign FirmsDomestic Firms
High technology and high product differentiation manufacturing 64.6 62.3 62.2 36.7 37.7
Medium technology and high product differentiation manufacturing 6.3 7.5 2.7 10.0 13.2
Low technology and low product differentiation manufacturing 1.3 9.4 13.5 0.0 5.5
High technology and high product differentiation services 19.0 18.9 13.5 46.7 32.2
Medium technology and high product differentiation services 8.9 1.9 8.1 6.7 11.4
Total 100.0 100.0 100.0 100.0 100.0
Standard deviation 25.7 24.4 24.0 20.4 14.1
FY2008–2009 to FY2013–2014

Majority Owned Dominant_Minority Minority Owned Experiential_Foreign Firms Domestic Firms
High technology and high product differentiation manufacturing 62.4 56.0 50.0 46.2 37.7
Medium technology and high product differentiation manufacturing 7.3 12.0 9.3 19.2 12.9
Low technology and low product differentiation manufacturing 0.9 4.0 11.1 7.7 5.4
High technology and high product differentiation services 22.9 22.0 18.5 26.9 32.0
Medium technology and high product differentiation services 6.4 6.0 11.1 0.0 11.9
Total 100.0 100.0 100.0 100.0 100.0
Standard deviation 25.1 21.3 17.1 17.9 14.0
FY2003–2004 to FY2007–2008
Majority OwnedDominant_MinorityMinority OwnedExperiential_Foreign FirmsDomestic Firms
High technology and high product differentiation manufacturing 64.6 62.3 62.2 36.7 37.7
Medium technology and high product differentiation manufacturing 6.3 7.5 2.7 10.0 13.2
Low technology and low product differentiation manufacturing 1.3 9.4 13.5 0.0 5.5
High technology and high product differentiation services 19.0 18.9 13.5 46.7 32.2
Medium technology and high product differentiation services 8.9 1.9 8.1 6.7 11.4
Total 100.0 100.0 100.0 100.0 100.0
Standard deviation 25.7 24.4 24.0 20.4 14.1
FY2008–2009 to FY2013–2014

Majority Owned Dominant_Minority Minority Owned Experiential_Foreign Firms Domestic Firms
High technology and high product differentiation manufacturing 62.4 56.0 50.0 46.2 37.7
Medium technology and high product differentiation manufacturing 7.3 12.0 9.3 19.2 12.9
Low technology and low product differentiation manufacturing 0.9 4.0 11.1 7.7 5.4
High technology and high product differentiation services 22.9 22.0 18.5 26.9 32.0
Medium technology and high product differentiation services 6.4 6.0 11.1 0.0 11.9
Total 100.0 100.0 100.0 100.0 100.0
Standard deviation 25.1 21.3 17.1 17.9 14.0

Source: Author's calculations.

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