Labour share scenario based on real wage growth rates in indian manufacturing industries for the period of 1973-2020

Research Article
Dip Dutta and Byasdeb Dasgupta
DOI: 
http://dx.doi.org/10.24327/ijrsr.20241510.0950
Subject: 
Economics
KeyWords: 
Real wage growth rates, Wage Productivity Gap, Labour Share, Manufacturing industries, Labour Productivity
Abstract: 

This paper bears its justification on the ground of wage productivity gap measurement in Indian manufacturing industries at disaggregate level with the impact of variable: real wage growth. The analysis has been carried out taking the period from 1973-74 to 2019-20 under consideration. The categories of industries depict their different classified ranges and characteristics of their trends over time. The resultant curves show that the labour share curve for all the categories of industry groups is downward sloping throughout the period under study. The category of industries with lower wage growth shows the highest LS and medium category of industries suggest the lower LS whereas high category of industries possess their trend in between the LS curves of low medium wage growth category of industry groups.