Considering disaggregated data on Indian manufacturing at two- & three-digit levels, provided by Annual Survey of Industries during 1970-71 to 2001-02, a performance related overview is constructed to observe whether the feat of Indian industries has generated sufficient growth potential in terms of industrial output. A dummy-variable approach is adopted here. The study also focuses on the effects of trade-liberalization policies on output growth process by estimating break points & examining its occurrence & persistence level in pre- or post-liberalization era by employing unit-root...