Indian manufacturing sees boost in productivity, employment, and real wages.
The study looked at how labor productivity, employment, and wages are connected in Indian manufacturing. They analyzed data from 17 industries over a span of 26 years. The researchers found that productivity, wages, and employment are linked in all industries. They also discovered that higher employment and wages lead to increased productivity. The study suggests that a flexible labor market plays a big role in shaping productivity, employment, and wages in Indian manufacturing.