Employment Intensity of Growth in India: An Empirical Review of Long-run Evidence

In: Management and labour studies: a quarterly journal of responsible management, Band 38, Heft 4, S. 483-503

Abstract

In the face of the challenges of globalization, there are new questions about the ability of Indian economy to adjust to structural change and how to foster a more dynamic and competitive environment that encourages to enhance productivity and create new employment. However, there is a need to answer several important questions when examining the issue of employment intensity of growth: the patterns of economic growth and what are the sectors and subsectors in which output growth generates more jobs; and are these sectors getting sufficient priority to meet the employment objective? The findings suggest that favourable macroeconomic environment and improvements in the functioning of labour markets and institutions are essential to adjust to globalization and transformation of the Indian economy.