Productivity - One More Time
Published: 2024
Author(s) Name: R Sridhar, Roy John and Navneet Damani |
Author(s) Affiliation: Employee Relations, ITC Limited, India
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Abstract
The “Make in India” initiative, launched in 2014, is receiving a fresh impetus in 2023 due to developments external to the country. Global firms want to diversify and de-risk their sources of manufacturing supply to minimize supply chain snarls that unforeseen events like the Covid pandemic could bring about and avoid overreliance on a single country like China due to geopolitical tensions. India wants to harness this opportunity fully and aspires to increase the manufacturing sector’s contribution to GDP substantially and quickly. However huge challenges have to be overcome to achieve the status of a preferred supply chain partner of global firms. This paper discusses one such challenge – firm-level productivity –and suggests some ways to overcome that challenge.
Keywords: N.A.
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