I mpact of Employment on GDP Contribution of Various Sectors in India

Abstract

P
urpose: Gross domestic Product of a country is the combination of GDP of various sectors in the country. The growth of any sectors depends on various factors like capital formation, expansion, policies and the human capital. Productivity in any organization is directly linked with the efficiency of the human resource. Employment means capability and willingness of the individual to work. A sector fully employed indicates the efficiency and effectiveness of the organization or sector. So a relationship can be established between the employability and the productivity. For the rationality of study productivity is assumed to be the GDP of the particular sector. This purpose of this paper is to find out the trends in the GDP and the employability of India and its various sectors.
Design/Methodology/ Approach: Regression analysis is also done to analyze the effect of employment rate on the GDP of India and its agriculture sector, industry sector, and service sector.
Findings: it was concluded that employment is not an important factor which is affecting the GDP contribution of the sector. GDP in industry might have increased due to technological advancement, advance process, quality parameters, rapid expansion and growth.
Originality/ value-the study is investigated the relationship between the GDP and employability in various sector in India.