Post-Covid Labour Shortage, Wages and Mitigation Strategies in Punjab Agriculture
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Post-Covid Labour Shortage, Wages and Mitigation Strategies in Punjab Agriculture
Authors: Kamal Vatta, Atinder Pal Kaur and Gaganpreet Kaur
DOI Link: 10.63066/23220457.34.1.014
Abstract
This paper highlights the trends of economic growth and structural change in the economy of Rajasthan and discusses its relative share in the national economy of India. It reviews the trends of year-wise growth rate of NSDP and per capita income for Rajasthan state during 1955-56 to 2019-20. The long term rate of growth of income came to about positive more than 3 per cent percent during 2012-13 to 2019-20. The semi-log equation was fitted to the data of NDP for the period 1955-56 to 2019 and its shows that the income of the state had increased, on an average, at the rate of 13.47 percent per annum at current prices and 3.75 per cent at constant prices. It is indicative of ups and downs that economy has registered in the growth trajectory. The income concentration ratio of per capita income varied from 0.597 to 0.968 at current prices and from 0.015 to 0.886 at constant prices. The overall index of infrastructural facilities stood at 50.31 in 1965-66 and increased to 74.58 in 2010-11, with all India bases taken as 100 in both the year. The share of primary sectors has gone down from 40.81 percent in 1959-60 to 26.73 percent in 2019-20. Similarly, the share of the tertiary sector improved from 32.29 percent in 1969-70 to 44.70 percent in 2019-20.
Keywords : Economic growth, Structure change, Income, NDP
JEL Classification : O4, Q1, P2
DOI Link: 10.63066/23220457.34.1.014