Language
Download App

Bookmark Bookmark

National Productivity Week being observed

National Productivity Week being observed

The National Productivity Day is observed every year in India on February 12.

Besides, February 12-18 is observed as National Productivity week.

The purpose is to draw the attention of all concerned, towards the concept and encourage implementation of productivity tools and techniques with contemporary relevant themes.

What is National productivity?

Productivity at the national level is typically defined and measured in terms of Gross Domestic Product (GDP) per capita, per employed person or per hour worked.

It is viewed by many as a key indicator of the economic health of the country.

Actions that improve productivity typically enable wage gains to occur without producing inflation. Therefore, productivity so defined is essential to an economy’s ability to create real wealth.

Which countries are most productive?

According to OECD Most Productive Countries list (2015); Luxemburg is the most productive country of the world followed by Ireland, Belgium, Sweden and USA.

India is not in the top 35 list.

According to Forbes 2018; Russia ranks at 1st position in finishing the least work. India ranks second in this list.

Productivity Formula = Total Output/Total Input

Example: Suppose a company produces Rs. 5 lakh worth of goods utilizing 1000 hours of work. So Labor Productivity: Rs. 5 Lakh/1000 = 500

You might be interested:

Prime Minister launches Swachh Shakti 2019

Prime Minister launches Swachh Shakti 2019 Prime Minister Narendra Modi will unveil several development projects during his visit to Kurukshetra on 12 Feb where he will be participating in Swachh Shakti- 2019 programme. In Kurukshetra, he will distri ...

2 months ago

Prime Minister inaugurates PETROTECH 2019

Prime Minister inaugurates PETROTECH 2019 Prime Minister Narendra Modi on 11 Feb 2019 inaugurated the 13th International Oil and Gas Conference - PETROTECH-2019 in Greater Noida.  This event mainly focuses on the development of Petroleum product ...

2 months ago

Cancer drug to destroy tumours from inside shows promising results

Cancer drug to destroy tumours from inside shows promising results Researchers from the Institute of Cancer Research in the UK have discovered a new innovative drug called tisotumab vedotin (TV). The results of this study were published in The Lance ...

2 months ago

Hindi included as third official court language in Abu Dhabi

Hindi included as third official court language in Abu Dhabi Abu Dhabi (Capital of UAE) has decided to include Hindi as the third official language used in its courts, alongside Arabic and English, as part of a move designed to improve access to just ...

2 months ago

Railways lift Senior Men's National Hockey title

Railways lift Senior Men's National Hockey title Railway Sports Promotion Board (RSPB) defeated the defending champion Punjab by 3-2 and lifted the ninth Senior National Men’s Hockey Championship crown in Gwalior on 10 Feb 2019. Harshabib Singh ...

2 months ago

Corentin Moutet wins Chennai Open ATP Challenger title

Corentin Moutet wins Chennai Open ATP Challenger title In Tennis, France’s Corentin Moutet has clinched the Chennai Open ATP Challenger tournament title after beating Andrew Harris of Australia 6-3, 6-3 in the singles final. Types of Tennis Tou ...

2 months ago

Provide your feedback on this article: