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    India has a huge working age population of 900 million people between 15-64 years old, which is 67% of the total population and places India in a unique position globally. From 2030 to 2050, India will have a "Golden Period" where the working age population will further increase, which will be an important time for the country's development. Currently, India has around 52 crore workers, with 47.5% labor force participation and 43.9% working population ratio, though unemployment remains at 7.6%. Much of the workforce is engaged in unorganized sectors like agriculture without social security or strong labor protections. The government is focusing on formalizing employment, providing training and upskilling workers, and improving

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    India has a huge working age population of 900 million people between 15-64 years old, which is 67% of the total population and places India in a unique position globally. From 2030 to 2050, India will have a "Golden Period" where the working age population will further increase, which will be an important time for the country's development. Currently, India has around 52 crore workers, with 47.5% labor force participation and 43.9% working population ratio, though unemployment remains at 7.6%. Much of the workforce is engaged in unorganized sectors like agriculture without social security or strong labor protections. The government is focusing on formalizing employment, providing training and upskilling workers, and improving

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    4 views1 page

    Employment

    Uploaded by

    prithvi.drprithvipatel
    India has a huge working age population of 900 million people between 15-64 years old, which is 67% of the total population and places India in a unique position globally. From 2030 to 2050, India will have a "Golden Period" where the working age population will further increase, which will be an important time for the country's development. Currently, India has around 52 crore workers, with 47.5% labor force participation and 43.9% working population ratio, though unemployment remains at 7.6%. Much of the workforce is engaged in unorganized sectors like agriculture without social security or strong labor protections. The government is focusing on formalizing employment, providing training and upskilling workers, and improving

    Copyright:

    © All Rights Reserved
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    Employment - intro

    India has a huge working age population (15-64 yrs) of 900 million (est. 2020)
    which is 67% of the population. This high Ratio of working to non-working
    population place India in a Unique position in the world.

    The Golden Period from 2030 to 2050 is a very important for India as our working
    age population will further increase.

    Info - Indian workforce has about 52 crore workers.


    - PLFS - June 2022 -
    - Labor force participation is 47.5%.
    - Working population Ratio is 43.9%.
    - Unemplyoment rate is 7.6%.

    46% - workers employled in agriculture. (>51% agriculture and its allied


    activities)

    Challanges -
    - majority of workforce is in un-organised sector.
    - so they are devoid of social security and labor regulation.
    - India has large unskilled workers - need of multi-skilling.
    - Lack of availability of accurate data.
    - Low participation of women workforce.
    - Recession/Covid-19/declinig economy - increases the unemployment.

    Measures -
    - Formalization of workforce.
    - providing social security
    - providing good labor regulation - working condition & wage.
    - Upskilling of workers.
    - Increase the wormen participation.
    - improve the Data collection - PLFS

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