State and directions for increasing competitiveness of regional industry

Abstract

The competitiveness of industry is an essential factor and condition for the economic development of the Russian Federation. The work characterizes the state of development of Russian industrial production in the context of sanctions pressure, identifies the main factors hindering the development of this industry in recent years, such as the severance of cooperative ties, restriction of the activities of most foreign companies in Russia, import dependence, low level of digital infrastructure, local implementation of technologies, technological unemployment, lack of highly qualified employees, low level of automation and innovation activity, poor technology uptake, low level of digital literacy of specialists and management personnel in the industrial sector, insufficient financial resources for the development of the industry, underdeveloped social responsibility of companies, etc. With the help statistical indicators, the dynamics of the development of regional industrial production were analyzed, and the directions for the development of this sector were determined. It has been proven that, despite a number of destructive factors, the total volume of industrial production in Russia has increased over the past five years. The industry of the Ulyanovsk region demonstrates similar dynamics. Among the key sectors for increasing the level of competitiveness of the region's industrial sector, one can highlight the development of high-tech industries, technical re-equipment, and growth in labor productivity.