Economics · Ch 14 — Employment: Growth, Informalisation and Other Issues
Conclusion
Conclusion
The structure of India's workforce has clearly changed. Most newly emerging jobs are in the service sector, and the growth of that sector together with high technology now allows efficient small-scale and even individual enterprises to compete alongside multinationals. Outsourcing has become common: a large firm often finds it profitable to shut down specialist departments — such as legal work, computer programming or customer service — and hand many small piecemeal tasks to tiny enterprises or individual specialists, sometimes located in other countries. As a result, the traditional idea of the factory or office has been transformed, and for many people the home has become the workplace. …