DECLINING TREND OF GDP AND ROLE OF MANUFACTURING SECTOR WITH SPECIAL EMPHASIS ON LABOUR MARKET

Abstract

This paper aims to study both the short term and the long-term fluctuations in the GDP growth pattern of Indian economy with special emphasis on labour market trends The study basically concentrates an analysis taking into account time periods ranging from 2015 to 2022 during the first three quarter. The empirical evidence reveals that the fixed effect model shows a positive effect between certain variable and a negative effect with one variable. This paper contributes to the literature field by making a comparative study on the performance of manufacturing sector with special emphasis on labour market functions considering its productivity trends. The results formulated have high potential usage for policy frame workers, Economists and investors.

Keywords

balance payment, gross domestic product, national sample survey office, liberalisation privatisation, globalisation, indian standards institute, international fiscal associations, manufacturing, technology, gross fixed capital formation, labour force participation rate.

References

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https://www.rbi.org.in/scripts/PublicationsView.aspx?id=13366

https://www.rbi.org.in/scripts/PublicationsView.aspx?id=13366#43

https://timesofindia.indiatimes.com/business/india-business/indian-economy-grows-6-3-in-q2-of-fy23/articleshow/95885736.cms

To cite this article

Kaveya, P.  (2022). Declining Trend of GDP and Role of Manufacturing Sector with Special Emphasis on Labour Market. John Foundation Journal of EduSpark, 4(3), 15-33.