Labour productivity falls over the last eight years

Labour productivity fell to 2.6% and 2.9% in FY17 and FY18 respectively compared to high growth phase of FY04-FY08 when it grew 14.2%, said an Ind-Ra analysis. Longer and sustainable labour productivity growth is dependent on investments in innovation, knowledge, and intangible capital by businesses, and governments’ commitments towards structural reforms, the report said.

from Economy-News-Economic Times https://ift.tt/3327mIP