New Delhi: India’s manufacturing sector output increased at a sharp pace in June as new business continued to flow in amid favourable demand conditions and resulted in record upturn in employment, a monthly survey said on Monday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) increased from 57.5 in May to 58.3 in June, … Read more
Mumbai: The Indian economy is expected to sustain its “high growth” trajectory in the current fiscal, driven by strong momentum in infrastructure investments and a pickup in private consumption, ITC Ltd said. Growth will come on the back of a moderation in inflation, improvement in agricultural trade, a good rabi harvest and a normal monsoon, … Read more
Yet, curiously, the dominant policy debates are all about maximizing GDP growth, with little attention paid to accelerating employment growth. Our economic strategy lens needs to change, focusing on employment growth alongside GDP growth. In the early years of planned development, the emphasis was on heavy industries producing capital goods. Consumer goods industries were given … Read more
PwC’s 2024 survey also showed workers are embracing emerging technologies such as generative AI. Mumbai: The proportion of workers who expect to switch employers in the next 12 months is higher than that from the “Great Resignation” period of 2022, a PwC survey of the global workforce found. Around 28% of more than 56,000 workers … Read more
But today’s manufacturing is different. Innovation in manufacturing has taken a predominantly skill-biased form, reducing demand for workers with relatively low levels of education. New technologies such as automation, robots and 3D printing directly substitute physical capital for labour. While firms in developing countries have an incentive to use more labour-intensive techniques, competing in the … Read more