Boosting Total Factor Productivity in India Leads to Economic Growth Spike.
Total Factor Productivity (TFP) in India affects economic growth by measuring how efficiently resources are used and technological progress. Boosting TFP leads to higher GDP and labor productivity. TFP's impact on employment is complex due to the gig economy. Research and development (R&D) and strong institutions can enhance TFP by promoting innovation. Human capital in India also influences TFP. These factors provide insights for policy decisions.