FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W314682317> ?p ?o ?g. }

• W314682317 startingPage "422" @default.
• W314682317 abstract "Introduction Indian economy witnessed quite a varied phase of growth and a mixed sectoral performance prior to the structural reforms. Growth scenario changed remarkably just before the 2007-08 recessions placing India amongst the fastest growing emerging economies in the world. However, a closer look on its sectoral distribution suggests that the main driving force has been the 'service sector' which constitutes a major share (54.1%) of GDP although a lower share (24%) in terms of work force participation. While agriculture (primary sector) has been incapable of creating any 'productive employment' (1) manufacturing (secondary sector) showed a staggering growth; its contribution of 16% in real GDP as in FY2012 was well below the targeted level and abysmal in comparison with other emerging economies (Fig. 1a). Closer investigation reveals that within manufacturing stark differences exist in terms of performance efficiency: labor intensive industries are found to be less efficient (Fig. 1b & Fig. 1c). Such sectoral composition of growth and employment points towards India's inability to create a balanced mix of 'employment' and 'quality employment', quality measured--broadly--in terms of productivity contribution. [FIGURE 1b OMITTED] [FIGURE 1c OMITTED] Employment in typical labor intensive sectors has tilted significantly in recent times. Employment elasticity in the first half of the decade 2000-2010 has changed from positive (0.76) to negative (-0.31) with a more pronounced decline in labor intensive manufacturing, which inter alia, points towards 'absence of skilled manpower' prompting substitution of labor. This was also mentioned in the Manufacturing Plan of 12th Five Year Plan prepared by the Planning Commission. Thus the concern is that, even for the sector that has been labor absorbing so far, if the workforce lacks quality quite persistently, it is bound to impact the employment generating potential of that sector in the medium run. Concerns were also raised on the 'sustainability of competitiveness' of India's highly remunerative IT sector owing to the abysmally low-skilled manpower in comparison with its ever growing need. Besides, within the service sub-sectors, lack of any direct relation between share of services income (implying productivity gaps) and that of employment has a direct policy implication of prioritizing employment quality improvement in low-end services (2). In order to make growth 'sustainable' proper identification of skilling techniques for the laggard sectors that have high absorptive capacity is crucial. On the other hand, to make growth 'inclusive' expanding employment base in the sectors that have less absorptive capacity but higher productivity, is essential. Thus, to embark on a sustainable, balanced and inclusive growth path policies need to target improving allocative (labor) efficiency. This encompasses creating incentives for a balanced mix of 'quantity and quality' in the employment base, in sync with the characteristics of our expanding labor force and simultaneously designing sector-specific skilling mechanisms to mitigate 'skill mismatches'. Skill Mismatches Persistent skill gaps and mismatches in the labor market lead to longer term joblessness, persistent productivity gaps between high and low-skilled jobs and polarization of incomes of high and low-skilled workers which is, undoubtedly, a major equity concern. Hence it is crucial to understand what we mean by existence of skill mismatch in the labor market and its measure. However, there is no simplistic way to define it. Skills are primarily thought to improve worker's productivity (Becker's view on human capital) but Schultz/Nelson-Phelps define skills from a much broader and dynamic perspective as the 'capacity to adapt with changing environment and needs'. Thus the absolute level of workers' skill might be high enough in a country/region in spite of that it falls short of the growing needs of the job market on retaining competitive advantages. …" @default.
• W314682317 created "2016-06-24" @default.
• W314682317 creator A5001220259 @default.
• W314682317 date "2014-01-01" @default.
• W314682317 modified "2023-09-26" @default.
• W314682317 title "Skill Mismatches in Indian Labor Market: Policy Priorities & Challenges Ahead" @default.
• W314682317 hasPublicationYear "2014" @default.
• W314682317 type Work @default.
• W314682317 sameAs 314682317 @default.
• W314682317 citedByCount "0" @default.
• W314682317 crossrefType "journal-article" @default.
• W314682317 hasAuthorship W314682317A5001220259 @default.
• W314682317 hasConcept C136264566 @default.
• W314682317 hasConcept C136376716 @default.
• W314682317 hasConcept C139719470 @default.
• W314682317 hasConcept C145236788 @default.
• W314682317 hasConcept C162324750 @default.
• W314682317 hasConcept C195742910 @default.
• W314682317 hasConcept C204983608 @default.
• W314682317 hasConcept C43246008 @default.
• W314682317 hasConcept C50522688 @default.
• W314682317 hasConceptScore W314682317C136264566 @default.
• W314682317 hasConceptScore W314682317C136376716 @default.
• W314682317 hasConceptScore W314682317C139719470 @default.
• W314682317 hasConceptScore W314682317C145236788 @default.
• W314682317 hasConceptScore W314682317C162324750 @default.
• W314682317 hasConceptScore W314682317C195742910 @default.
• W314682317 hasConceptScore W314682317C204983608 @default.
• W314682317 hasConceptScore W314682317C43246008 @default.
• W314682317 hasConceptScore W314682317C50522688 @default.
• W314682317 hasIssue "3" @default.
• W314682317 hasLocation W3146823171 @default.
• W314682317 hasOpenAccess W314682317 @default.
• W314682317 hasPrimaryLocation W3146823171 @default.
• W314682317 hasRelatedWork W1657093279 @default.
• W314682317 hasRelatedWork W2074396555 @default.
• W314682317 hasRelatedWork W2092003811 @default.
• W314682317 hasRelatedWork W2184249323 @default.
• W314682317 hasRelatedWork W2188835002 @default.
• W314682317 hasRelatedWork W2208009086 @default.
• W314682317 hasRelatedWork W2266765772 @default.
• W314682317 hasRelatedWork W2308583404 @default.
• W314682317 hasRelatedWork W2330356987 @default.
• W314682317 hasRelatedWork W2464927974 @default.
• W314682317 hasRelatedWork W2477692345 @default.
• W314682317 hasRelatedWork W2607299016 @default.
• W314682317 hasRelatedWork W2620847010 @default.
• W314682317 hasRelatedWork W2789733791 @default.
• W314682317 hasRelatedWork W2974378744 @default.
• W314682317 hasRelatedWork W3121085331 @default.
• W314682317 hasRelatedWork W3122345491 @default.
• W314682317 hasRelatedWork W2111409708 @default.
• W314682317 hasRelatedWork W2164763959 @default.
• W314682317 hasRelatedWork W2741951526 @default.
• W314682317 hasVolume "49" @default.
• W314682317 isParatext "false" @default.
• W314682317 isRetracted "false" @default.
• W314682317 magId "314682317" @default.
• W314682317 workType "article" @default.