EMPLOYMENT BY SECTOR AND DEVELOPMENT IN INDIA FOR 1950- 2020 AND INTERNATIONAL COMPARISONS WITH CHINA AND OECD COUNTRIES

Maria-Carmen Guisan

Applied Econometrics and International Development, 2021, vol. 21, issue 1, 59-70

Abstract: We analyze economic development in India for the period 1950-2020, in three sub-periods: 1950-1980, 1980-2000 and 2001-2020. We have into account production by sector and its effects on employment and productivity. We present a comparison of data with other economies, as China, Japan and some European countries, regarding some indicators of development and welfate. We include references to some interesting econometric models of Employment by sector in India and in other countries and we focus on the trends to diminution of Farm Employment and increase in Non Farm Employment. We highlight the important effects of industrial production on general productivity of workers, real income per capita and poverty diminution, as well as the positive effects, on development, of increase of schooling and social capital. For the next decade: 2021-2030, we conclude that there are good opportunities for advances on economic development in India and that good economic policies addressed to foster international investments and cooperation for the creation of Non Farm Employment in India may have a positive impact both for urban and rural areas.

Keywords: Farm and Non-Farm Employment; Production by sector. Human Capital; Population and Development of India for 1950-2020; Industry and Productivitivity; Comparative studies of India; China and OECD countries. (search for similar items in EconPapers)
JEL-codes: C51 E24 I3 J13 J21 J43 L6 N15 N35 O40 O53 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (2)

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