Professional Documents
Culture Documents
It has been subdivided on the basis of Overview, events post-independence, events post
liberalization, identification and analysis of economic concepts
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Post Liberalisation, the country has been witnessing high GDP growth without a parallel
increase in the formal employment in the organized sector. This can be termed as a
situation of JOBLESS ECONOMIC GROWTH. Analysis this statement. State the reasons (e.g
service sector is not has not been "particularly employment-intensive")
The sectoral composition of labour has witnessed a notable change. The agriculture
sector, which is considered India’s backbone, now employs less than 50% of the labour
force, while industrial and service sectors have marginally surged ahead.
providing
loans and subsidy to enable
people to engage in self
employment
providing
loans and subsidy to enable
people to engage in self
employment
providing
loans and subsidy to enable
people to engage in self
employment
providing
loans and subsidy to enable
people to engage in self
employment
providing
loans and subsidy to enable
people to engage in self
employment
providing loans and subsidy to engage people in self employment
https://www.macrotrends.net/countries/IND/india/youth-unemployment-rate- youth
unemployment rate, participation rate
Only a little over 2% of the workforce have secure formal jobs with access to social
security - a retirement savings scheme, health care, maternity benefits - and written
contracts of more than three years. A paltry 9% have formal jobs with access to at
least one social security source.
"The majority of India's workforce is vulnerable and leads a precarious existence," Dr
Kapoor said.
Earnings are slim. Surveys show 45% of all salaried workers earn less than 9,750
rupees ($130; £96) a month. That's less than 375 rupees a day, the minimum wage
proposed in 2019 but later dropped.
In the long run, the challenge is to ensure that all workers have a basic minimum
wage and social security.
Liberalisation The policy, which met with wide opposition from within the Congress and
even the domestic industry, was seen as the only way out for India after the balance of
payments crisis that brought the country to its knees.
Casualization of labour
Informalisation of labour force