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Inflation in India was gone upto 13 % and now reduced to 6.38 BUT in reality commodity prices increased when oil prices increased but not reduced when oil prices slashed..so until unless basic commodity prices reduce, Labour rate in India will not come down. as usual it increases Min 10% avg this year also.. Govt has to come forward now and reduce the commodity prices to control the labour rate in India..
What else can I help you with?
What is the elasticity of labor?
The rate at which any change in labor effects demand of labor or supply.
If the growth rate of labor force is 1.5 percent and the growth rate of labor productivity 1.25 percent then the potential growth rate is?
The formula is : Potential Growth rate = Annual Growth rate of labor force - Annual decline in the work weeks + Growth rate of labor productivity. So u need to have the annual decline in the work weeks to find the potential Growth Regards, Muntaha
Crude birth rate of India?
The crude birth rate of India is approximately 22.1/1000
Factors affecting the supply of labor?
wage rate, size of labor force, participation rate, trade-off between leisure and consumption
Which exchange rate is following by India?
Floating Exchange Rate
Is child labor most common in India?
child labor is most common in India (rumor)
What is direct labor hour rate?
Direct labor hour rate is the per hour wage rate paid to skilled or unskilled labor to make one unit of product.
What is the elasticity of labor?
The rate at which any change in labor effects demand of labor or supply.
When was labor India created?
Labour India was created in 1983.
Will the direct labor price variance always be unfavorable if more hours are worked than the standard hours allowed for the actual output attained?
No, Direct labor price variance is created due to difference in standard labor rate and actual labor rate for example standard labor rate per unit is 10 and actual labor rate is 11 then 1 per unit is unfavourable direct labor price variance.
How do you compute predetermined overhead rate as a percentage of direct labor costs and direct labor hours?
Predetermined overhead rate based on direct labor cost = Budgeted overhead cost / direct labor cost / 100 Predetermined overhead rate based on direct labor cost = budgeted overhead cost / direct labor hours.
What is India and China's death rate?
India's death rate is 7.43 and China's is 7.17
If the growth rate of labor force is 1.5 percent and the growth rate of labor productivity 1.25 percent then the potential growth rate is?
The formula is : Potential Growth rate = Annual Growth rate of labor force - Annual decline in the work weeks + Growth rate of labor productivity. So u need to have the annual decline in the work weeks to find the potential Growth Regards, Muntaha
India literacy rate?
The literacy rate in India is 76.9% for men and 54.5% for women. The overall literacy rate is about 66%.
What is the current rate of unemployment in India?
As of October 2021, the unemployment rate in India is around 6.91%. This rate can vary month to month due to various economic factors and changes in the labor market. It's important to check with official sources for the most up-to-date information on unemployment rates in India.
Crude birth rate of India?
The crude birth rate of India is approximately 22.1/1000
What is the Australian dollar currency selling rate in India?
What is Australian Dollar Selling rate in India?
