India needs 6.3% labour productivity growth to clock 8% GDP: India Ratings

India Ratings and Research on Thursday said that the country will have to increase its labour productivity growth to 6.3 per cent to attain 8 per cent economic growth.

The labour productivity growth in FY19 was 5.2 per cent.

"India will have to raise its labour productivity growth to 6.3 per cent to achieve 8 per cent GDP growth. And to attain nine per cent growth, labour productivity growth will have to be raised to 7.3 per cent," India Ratings and Research (Ind-Ra) said in a statement. This is 40.4 per cent higher than the level attained in FY19, it said.

Given the