What effects does the use of technology have on labor markets and productivity in Indian industries?
Industrial growth and urbanization in Indian cities are interdependent and have a symbiotic relationship.Industrial growth fuels Indian urbanization, driving migration, economic growth and infrastructure development in cities nationwide. Fuels job creation by attracting rural migrants and driving urRead more
Industrial growth and urbanization in Indian cities are interdependent and have a symbiotic relationship.Industrial growth fuels Indian urbanization, driving migration, economic growth and infrastructure development in cities nationwide.
- Fuels job creation by attracting rural migrants and driving urbanization with 10 million plus jobs created annually contributing to 30% plus urban population growth transforming cities like Bengaluru, Hyderabad.
- Triggers infrastructure development including roads, transportation, housing, utilities and amenities with investments exceeding $1 trillion transforming urban landscapes in cities like Mumbai, Delhi and Ahmedabad.
- Stimulates economic growth by boosting urban GDP by 20-30%, increasing per capita income and contributing 60-70% to national GDP as seen in cities like Bengaluru, Pune and Hyderabad.
- Fosters diversification by spawning services sectors like IT, finance, logistics and tourism, accounting for 50-60% of urban GDP and transforming cities like Chennai, Kolkata and Gurugram.
Industrial growth and urbanization in Indian cities pose challenges including environmental degradation, infrastructure strain, housing shortages, traffic congestion, social inequality and health concerns, affecting quality of life and sustainability in cities like Mumbai, Delhi and Bengaluru.
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Technology adoption in industries enhances productivity, efficiency and competitiveness through automation, digitalization and innovation driving economic growth, job creation and skill development while requiring strategic labor market adjustments. Productivity Implications - Boosts Indian industriRead more
Technology adoption in industries enhances productivity, efficiency and competitiveness through automation, digitalization and innovation driving economic growth, job creation and skill development while requiring strategic labor market adjustments.
Productivity Implications –
Labour Market Implications –
The Indian government addresses technology adoption challenges through initiatives like Digital India, Skill India and Make in India focusing on workforce upskilling, reskilling and entrepreneurship. Challenges include job displacement, skills gap and infrastructure limitations mitigated by policies like National Education Policy and Industrial Policy.