Business Standard

Pushing productivity

India must address basic structural flaws


Business Standard Editorial Comment Mumbai

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Rigidities in the labour market often tend to create friction, which can affect productivity and general economic well-being. Supported by digitisation, flexibility in hiring rules, wages, and work hours can help both businesses and workers. Studies have shown that there are benefits associated with limited work hours and flexible work schedules. These include a higher self-perceived health status among workers, lower stress levels, and increased labour productivity. When Microsoft Japan introduced a four-day work week back in 2019, it reported a 40 per cent boost in productivity. This simply means that people get more work done in less time. General

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First Published: Oct 29 2023 | 9:53 PM IST

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