2024, Vol. 5, Issue 1, Part G
Analysis of variables affect the average productivity of labour of the manufacturing industry (From 2004-05 to 2017-18)
Author(s): Pushpa Choudhary
Abstract: Worker’s productivity is a highly significant part of Indian industries and their efficiency. The objective of this paper is how average labour productivity is influenced, as such productivity is a measure of internal and external efficiency of the whole system. Productivity can be shown with the help of input, output and other total material in the form of total output to total cost occurred. It is also known as the efficiency of the internal organization of four-factor of resources. ILO defines it as the ratio of the total output of volume production to total labour input. According to the Japanese view, it is a comprehensive holistic phenomenon for the requirement of improving output and related input. Ultimately worker productivity is a synonym for various economic indicators because it is a continuous and comprehensive phenomenon for the growth of the nation and standard of living of the nation. For the period from 2003-04 to 2008-09 the industry sector experienced a rapid rise in the employment of industries. That is because different factories in the private sector had more labour-intensive technology. That would lead to a large share in employment in the organized sector (Goldar, 2011).
Pages: 549-555 | Views: 39 | Downloads: 21
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How to cite this article:
Pushpa Choudhary. Analysis of variables affect the average productivity of labour of the manufacturing industry (From 2004-05 to 2017-18). Asian J Manage Commerce 2024;5(1):549-555.
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