Conclusion
The reduction in the capital-labour output ratio gives a good indication of investment growth and of self-reliance. How quick demands are met, and how soon the products are produced depend upon the growth of productivity. Self-reliance can be brought about by encouraging private sector which knows when, where, and how to reward merit where merit is due. In order to increase net national product of the country, let us join hands and encourage methods to increase productivity by co-ordination of techniques and their use.
This is a preview of subscription content, log in via an institution to check access.
Similar content being viewed by others
Author information
Authors and Affiliations
Additional information
With 5 Figures
The author wishes to express his high appreciation to Messrs. Krishnamurthi of the Mysore Chamber of Commerce, Arya of the Bangalore Institute of Management, and Gangadhara Setty of the Mysore State Productivity Council for their warm and helpful remarks. Of course, the author is highly indebted to Micro-Macro Economic Analyst Dr. Giovanni Caravale and Agriculture Economist-Vice-Chancellor of Poona University Dr. D. R. Gadgil for their helpful suggestions. The monopoly of ideas, contained in this paper, rests with Professor Dr. Kumara Swamy.
The paper shall be divided into two parts. In part I, we deal with the subject of productivity. In part II, we discuss upon the relationship between productivity and devaluation.
Rights and permissions
About this article
Cite this article
Kumara Swamy, M.R. The impact of rupee devaluation on productivity. Zeitschr. f. Nationalökonomie 27, 460–474 (1967). https://doi.org/10.1007/BF01318677
Received:
Issue Date:
DOI: https://doi.org/10.1007/BF01318677