New Delhi, Oct. 31 -- Labour productivity in India has fell down over the last eight years from the average of 7.4% between 2010-11 and 2014-15 to a low of average 3.7% during fiscal year 2015-16 to 2017-18, says an analysis of India Ratings and Research.
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%, Ind-Ra analysis of data of Annual Survey of Industries (ASI) said on a slowdown in labour productivity growth in the Indian organised manufacturing sector on Thursday.
According to Ind-Ra, longer and sustainable labour productivity growth is dependent on investments in innovation, knowledge, and intangible capital by businesses, and governments commitme...