There is no easy fix to declining workforce productivity in India
The global economy hasn’t been in a great shape of late and is hampering manufacturing activity back home
Labour productivity is calculated by dividing the output by the amount of labour used to generate that output
Labour productivity in India’s organized manufacturing sector continues its downward spiral. India Ratings and Research’s analysis of the Annual Survey of Industries (ASI) data showed India’s productivity has fallen significantly over the last eight years (see chart).
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