Industrial Employment Trends in India: Analyzing the Impact of GDP, FDI, and Labor Market Variables

Author(s): Swetha V and Dr. S Jayalakshmi Priya

Abstract:

The industrial sector in India has been instrumental in job creation, especially since the economic liberalisation of 1991. This research analyses the main economic determinants affecting industrial employment, including GDP growth, foreign direct investment (FDI), labour productivity, labour force participation rate, and unemployment rate. The research used regression analysis to assess the importance of these factors in influencing employment patterns. The results demonstrate that GDP growth and labour productivity positively correlate with industrial employment, although labour force participation and foreign direct investment display intricate dynamics. The report offers insights into the policy initiatives necessary to improve job prospects in India's industrial sector and promote inclusive economic development.

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Pages: 08-12     |    2 View     |    1 Download