Resumen de Employment by sector and development in india for 1950- 2020 and international comparisons with China and OECD countries
María del Carmen Guisán Seijas
We analyze economic development in India for the period 1950-2020, in three sub-periods: 1950-1980, 1980-2000 and 2001-2020. We have into account production by sector and its effects on employment and productivity. We present a comparison of data with other economies, as China, Japan and some European countries, regarding some indicators of development and welfate. We include references to some interesting econometric models of Employment by sector in India and in other countries and we focus on the trends to diminution of Farm Employment and increase in Non Farm Employment. We highlight the important effects of industrial production on general productivity of workers, real income per capita and poverty diminution, as well as the positive effects, on development, of increase of schooling and social capital. For the next decade: 2021-2030, we conclude that there are good opportunities for advances on economic development in India and that good economic policies addressed to foster international investments and cooperation for the creation of Non Farm Employment in India may have a positive impact both for urban and rural areas.
