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Economics · Ch 14 — Employment: Growth, Informalisation and Other Issues

Recap

Recap

Key points of the chapter

  • All persons engaged in economic activities, and therefore contributing to gross national product, are workers.
  • About two-fifths of the country's total population is engaged in economic activities.
  • Men, and rural men in particular, form the largest section of India's workforce.
  • Most Indian workers are self-employed; casual wage labourers and regular salaried employees together make up less than half the workforce.
  • About three-fifths of the workforce depends on agriculture and allied activities as its main livelihood.
  • In recent years the growth of employment has slowed down.
  • In the post-reform period new employment opportunities have appeared in the service sector, but these jobs are mostly in the informal sector and are largely casual in nature.
  • The government is the country's major formal sector employer. …