MACROECONOMIC AND TECHNICAL FACTORS AFFECTING WAGES, EMPLOYMENT, AND PRODUCTIVITY IN THE TAMIL NADU CONSTRUCTION SECTOR - AN ASSESSMENT Dr. G. YOGANANDHAM, Professor& Head, Department of Economics, Director- Centre for Knowledge, Thiruvalluvar University (A State University) Serkkadu, Vellore District, Tamil Nadu, India- 632 115. Abstract The construction sector is crucial to the economic growth of localities since it generates jobs, distributes revenue, and boosts productivity in general. The purpose of this study is to examine the intricate interactions between technical and macroeconomic factors that affect productivity, employment, and salaries in Tamil Nadu, India's construction sector. The research combines technology improvements with quantitative analysis of economic indicators in a descriptive and diagnostic approaches approach. Macro-level factors that affect salaries and employment dynamics in the construction sector are examined, such as GDP growth, inflation rates, and governmental regulations. The research paper also explores the industry's technological environment, looking at the use of contemporary technology, skill-development programs, and construction methods. The Tamil Nadu construction sector's labor market outcomes are linked to macroeconomic variables, with increased demand positively impacting economic growth and job opportunities. However, inflationary pressures may hinder wage growth, necessitating flexible policy responses and skill development programs. The research proposes a comprehensive plan that prioritizes job creation, technological innovation, and skill development and combines macroeconomic policies with focused interventions in the construction sector. Through its insights into Tamil Nadu's labor market characteristics, it helps scholars and stakeholders promote sustainable economic growth. Despite the above, the main objectives of this research article is to analyze the macroeconomic and technical factors affecting wages, employment, and productivity in the Tamil Nadu construction sector, as well as other related issues in a macroeconomic theoretical analysis using secondary sources of information and statistical data relevant to the article's topic. According to this point of view, the current situation is both critically important and relevant in terms of both the economy and society. Keywords: Construction Sector, Economic Growth, Gross Domestic Product, Inflationary Pressures, Skill Development, Technological Innovation and Sustainable Economic Growth. ISSN NO:0376-8163 PAGE NO: 44 Degres Journal Volume 9 Issue 2 2024