International Journal For Multidisciplinary Research

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Labour Force Participation: Does It Really Affect the Economy of the Country?

Author(s) Mr. Ruchir Khemka
Country India
Abstract This paper seeks to look into the extent of impact of Labour Force Participation Rate (LFPR) on the economic performance and the budgetary performance of India, especially between 1991 and 2021, a post-liberalisation era. The aim is to determine whether the changes in the degree of involvement of the working age population contribute greatly to the GDP growth and fiscal indicators in the country. As the Indian economy is experiencing significant structural, technological, and demographic changes in the course of this time, it would be necessary to know the way in which alterations in the labour market are associated with macroeconomic factors and financial sustainability of the government. The research uses descriptive and statistical analysis, especially use of correlation and regression analysis to assess the relationship between the labour participation and GDP growth rate. Through these associations, the study will seek to find out whether the increased labour participation is an appropriate factor to enhancing economic growth and fiscal well-being or other factors like technological advancement, capital accumulation, and policy modifications are more significant. It analyses secondary data based on the trustworthy institutional sources, like World bank, the International Labour Organisation (ILO) and the Union Budget of India. Through the application of statistical measures to this three decades old data, the research intends to give some empirical understanding of evolving dynamics of the Indian economy- especially the relationship between the inputs of labour to the total economic output and the fiscal balance in the government.
Keywords Participation rate in labour force, Economic growth, Regression, Correlation, Fiscal Balance, India.
Published In Volume 7, Issue 6, November-December 2025
Published On 2025-11-26
DOI https://doi.org/10.36948/ijfmr.2025.v07i06.61144
Short DOI https://doi.org/hbdrc8
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