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India's bane: Low productivity

India's bane: Low productivity

Despite the steroid-charged 9.4 per cent growth in Indian GDP in 2006-07, the country still lags way behind other Asian economies in a crucial, even critical, parameter-labour productivity.

Despite the steroid-charged 9.4 per cent growth in Indian GDP in 2006-07, the country still lags way behind other Asian economies in a crucial, even critical, parameter-labour productivity.

Indian workers rank #9 in productivity in the continent and are unlikely to catch up with their counterparts in other countries over the next two decades.

There's some good news, though. Their productivity has improved more than 50 per cent since 1995, the second-fastest rate of improvement after China.

Published on: Sep 03, 2007, 5:18 AM IST
Posted by: AtMigration, Sep 03, 2007, 5:18 AM IST