Why Is Indias Labor Productivity Growth Faltering? Indias labor productivity grew by more than 14 percent a
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Why Is India’s Labor Productivity Growth Faltering?
India’s labor productivity grew by more than 14 percent a year between 2004 and 2008. But between 2016 and 2018, labor productivity grew by only 3.7 percent a year. Between 2001 and 2018, capital intensity increased, that is capital used per worker increased but the value of output per unit of capital decreased. What is happening to India’s labor productivity and capital productivity? How does this influence India’s economic growth?
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Labor productivity refers to the amount of goods and services that a worker produces in a certain am...View the full answer
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