Salary spiral

The government’s aim of increasing the manufacturing sector’s share to 25 per cent of gross domestic product (GDP) will likely remain just a dream. That’s because, even as the government sets up multiple entities charged with helping the manufacturing sector, it is itself creating a high-cost economy through policy, rules and regulations, and its own salaries. Achieving manufacturing growth will require first putting its own house in order by giving salaries that are in sync with the low productivity levels of its staff.

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