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👆🏻Summary of Tamil Nadu's Industrial Strikes and Factory Growth
• High Strike Rate: Tamil Nadu recorded over 26% of all industrial strikes in India from 2008 to 2018, leading among states.
• Factory Presence: The state also hosted 16% of India's factories and a similar share of factory workers during the same period.
• Strikes vs. Business Growth: Despite concerns that strikes harm business, Tamil Nadu's industrial growth continued, with an increase in both strikes and factory numbers.
• Man Days Lost: Tamil Nadu accounted for 15% of total man days lost due to strikes in India.
• Investment Indicators: The state leads in Gross Fixed Capital Formation (GFCF), indicating strong investment in fixed assets.
• Union Density: India's trade union density is about 20%, significantly lower than China's 44.2%.
• Long-Term Trends: From 2008 to 2018, Tamil Nadu's share of worker strikes increased from 28% to 30%, while its factory share grew from 14% to 16%.
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👆🏻Summary of Tamil Nadu's Industrial Strikes and Factory Growth
• High Strike Rate: Tamil Nadu recorded over 26% of all industrial strikes in India from 2008 to 2018, leading among states.
• Factory Presence: The state also hosted 16% of India's factories and a similar share of factory workers during the same period.
• Strikes vs. Business Growth: Despite concerns that strikes harm business, Tamil Nadu's industrial growth continued, with an increase in both strikes and factory numbers.
• Man Days Lost: Tamil Nadu accounted for 15% of total man days lost due to strikes in India.
• Investment Indicators: The state leads in Gross Fixed Capital Formation (GFCF), indicating strong investment in fixed assets.
• Union Density: India's trade union density is about 20%, significantly lower than China's 44.2%.
• Long-Term Trends: From 2008 to 2018, Tamil Nadu's share of worker strikes increased from 28% to 30%, while its factory share grew from 14% to 16%.
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