| ISID organised a research seminar on Factor Content of India’s Exports on February 7, 2025. Ms Rekha Misra, Adviser-in-Charge, Department of Economic & Policy Research, Reserve Bank of India (RBI), and Mr Shobhit Goel, Manager, Department of Supervision, RBI, jointly delivered a presentation that examined shifts in the factor composition of India’s exports and highlighted a declining labour content of exports driven by structural changes in sectoral composition and intensity. The distinguished panellists included Prof M Parameswaran, Centre for Development Studies, Thiruvananthapuram; Dr R Rijesh, Assistant Professor, ISID; and, Dr Ramaa Arun Kumar, Assistant Professor, ISID. The seminar was moderated by Prof Aditya Bhattacharjea, Visiting Professor, ISID and former Professor at the Delhi School of Economics. |
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Meeting ID: 823 6158 8903 | Passcode: 20250207 |
| Abstract: The factor content of India’s export basket is examined by mapping the KLEMS database with India’s export basket. The share of labour, capital, and materials in India’s export basket and their shift over time are analysed. While India’s exports increased rapidly in size in the first decade of the 21st century, they were accompanied by a fall in the labour content of exports due to a fall in the labour intensity of the different sectors as well as a change in the sectoral composition of India’s export basket towards less labour-intensive sectors like coke and petroleum products, and chemical and chemical products. While India’s exports were more labour-intensive than the overall economic production till 2006–07, it has been less labour-intensive since then. |