Inefficient Trickle Down of Policy and Under-Managed Human Resources As Determinants of India’s High Growth & Low Productivity
12 Pages Posted: 17 Oct 2019
Date Written: October 7, 2019
India’s series of economic reforms since 1991 have accelerated the growth but not the productivity. Productivity in the past many decades remained stagnant or not improved at pace to its peers. There are several ways and means to measure the productivity. Productivity is defined differently by different scholars. It is a fact that even using the same data set, different methodology will give different numbers of productivity. But whatsoever methodology we use to measure productivity, India’s productivity is quite low compared to USA, Europe, Japan, South Korea & BRIC nations.
This research aims at investigating reasons of low productivity specifically in the area of human resource management of industry and within the government. The government policy in limited sense means what is inferred by the person who implements it. The policy is implemented through various stages and each stage has its own nuances. It is the person on ground who understands the policy and implements which determine the fate of the policy. The policy is framed at high level after detailed study of the relevant factors and with full knowledge. But on the ground those who are responsible to implement such policy at micro level hardly understands the rationale and have same self-drive to implement and same understanding as the policy makers.
Keywords: Policy, Implementation, Execution, Monitoring, Control, Dilution, Communication and Commitment Gap, Conflict of Interest
JEL Classification: A00
Suggested Citation: Suggested Citation