India's labor productivity challenges and economic shifts

In India, the number of self-employed people has grown, making up more than half of the workforce.

This shift has led to lower productivity and economic contributions from these workers.

While employee wages have increased, especially in agriculture and manufacturing, the overall labor productivity remains low compared to global standards.

The government's focus on creating job providers rather than supporting job seekers has resulted in more people working in subsistence sectors.

To improve the situation, there is a need for better support for small businesses, including access to credit, skill development, and marketing assistance.