On the Formation of New Growth Points in the Country's Industry

Abstract

The purpose of this article is to identify new growth opportunities for the country's industry, both at the sectoral and enterprise levels, which has become relevant in the context of the transition from an import substitution strategy to a technological breakthrough. Effective support for new growth opportunities is ensured by developing sound criteria for them and assessing expected results. Research in this area will enable the proactive development of industrial production facilities that will become flagships in the next stages of innovative development and will create the necessary scientific, technical, and personnel resources. A study of the experience of developing new growth opportunities in industrially developed regions, including the Republic of Tatarstan, allows us to identify potential risks, challenges in optimal selection, and the socioeconomic impact of this industrial development program in order to assess the feasibility of replicating the region's experience in other constituent entities of the Russian Federation. The research methodology utilizes general and specialized scientific methods, such as generalization and comparison, data analysis and synthesis, and expert assessment. Comparison and content analysis are used to identify emerging development trends. The research base is comprised of scientific publications devoted to the nature of new growth areas in industry and descriptions of the existing tools for supporting them. Regulatory and statistical data were used as research materials. The article proposes criteria for classifying industrial production as new growth areas for both the industry and individual enterprises. At the meso level, it is advisable to assess the degree of their impact on the growth of the gross regional product, the scale of export growth, and the increase in the share of innovative final products. For individual enterprises, this includes the number of new business lines and product line diversification, ensuring profit growth, expanding sales markets and channels, and the emergence of a new target audience. Regional measures aimed at creating new growth areas and their effectiveness are analyzed, allowing for the development of recommendations for scaling up the experience gained in the Republic of Tatarstan and disseminating it to other regions.