Assessing business activity of the Russian industry

Abstract

The relevance of the study is due to the fact that, despite the difficult economic and political situation for the Russian industry and the economy as a whole, there are problems not only with the arrival of foreign raw materials and goods in the domestic market, but also with the smooth operation of industry. It is necessary to develop and form new, more essential approaches to the industrial development strategy in the conditions of forced modernization of the industry. The factors that have the greatest and the least influence on the business activity of enterprises have been identified. The directions for forming new ways of domestic industry effective development through assessing the entrepreneurial confidence index on the part of enterprises of extractive and manufacturing industries have been analyzed. As the index evaluation result, the author concludes that the level of enterprises’ business activity has jumping values, in the course of which the factors that have a negative impact on industrial production development have been identified.

Keywords

• industry
• import substitution
• economic development
• factors
• production diversification