India's productivity gap with China widens despite strong GDP growth; manufacturing leap still missing: Report - The Economic Times
⢠A new report reveals that India's labour productivity gap with China has widened significantly since 2000, despite the country's strong overall GDP growth. ⢠India has failed to achieve the industry-led productivity transformation seen in peer nations like China and South Korea due to structural constraints and pandemic-related disruptions. ⢠This gap matters because it indicates that India's economic growth is not yet driven by a high-efficiency manufacturing leap, limiting its global competitiveness.
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