During the last two decades, India has experienced a high growth rate, but the contribution from productivity growth and technological progress has been very low. This has resulted in a poor performance in the employment generation in the formal sector, and this book examines this phenomenon and the Indian growth pattern.
Using primary and secondary data, the book looks at the impact of economic reform on technological change and total productivity growth, and in turn its impact on the labour market. It examines the effect of trade reform on the form and functioning of labour markets, and goes on to look at the impact of the global financial crisis on the Indian labour market.
Offering interesting modelling exercises and empirical verifications that bring fresh ideas and new content, this book is of interest to academics in the fields of development economics, international economics and South Asian studies.
1. Introduction 2. Market Distortions and Productivity Growth 3. Trade Reform and Productivity Growth 4. Labour Market Flexibility and Productivity Growth 5. Informal Sector, Subcontracting and Productivity Growth 6. Foreign Competition, Bargaining Power and Cost-Price Margin 7. Financial Crisis and Labour Market Adjustment 8. Contractualisation and Industrialization 9. Institutions and Issues of Industrial Growth in India 10. Summary and Concluding Observations