Over half of the increase in labour productivity in India since 1993 has been due to

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Total factor productivity growth refers to improvement in the efficiency and effectiveness of resources used in production, including labour, capital, and technology. This has been the primary driver of the increase in labour productivity in India since 1993, accounting for over half of the growth. The other options, such as the growth rate of the capital stock or successful infrastructure investment, may have contributed to productivity improvement, but to a lesser extent. A decrease in population would not lead to an increase in productivity, as it would generally lead to a decrease in the labour force.

Over Half of the Increase in Labour Productivity in India