Labour productivity key to becoming a developed nation

Increasing labour productivity is central to India's aspiration of becoming a developed nation in about two decades, as it would raise living standards and boost growth momentum, said Suman Bery, vice chairman, federal policy think tank NITI Aayog, on Thursday.

- Gireesh Chandra Prasad

The 'Viksit Bharat' vision entails India becoming a high-income society that empowers citizens to realize their potential and aspirations, for which the demographic dividend should be leveraged. Such a development would be a means to an end, which is ensuring the dignity of the people, Bery said, speaking at the Confederation of Indian Industry's (CII) annual business summit in New Delhi.

"The point I am going to make is that for these goals, a sustained rise in the productivity of labour is crucial."