Estimating the Impact of Human Capital Underutilization on the Productivity and Economic Growth in India

The study investigates the impact of human capital underutilization on India’s economic growth and labor productivity. For this purpose, we have employed Autoregressive Distributed Lag (ARDL) model, which was applied using annual time series data from 2005 to 2019. ARDL estimation results revealed that has a negative but statistically insignificant relationship with in long run. We also found short-run decrease time-related underemployment increased Therefore, recommend policymakers consider utilization measures perspective both individuals economy, should be addressed their policy framework. Furthermore, empirical insights could helpful for future recommendations India emerging economies across globe.