The Structure of the Labour Market, Patterns of Employment Growth, Play an Important Role in Shaping Development Patterns and Outcomes.

The Structure of the Labour Market, Patterns of Employment Growth, Play an Important Role in Shaping Development Patterns and Outcomes.

Intro

The structure of the labour market, patterns of employment growth, play an important role in shaping development patterns and outcomes.

Today, India is counted among the most important emerging economies of the world but employment conditions in the country still remain poor.

Overview: Slide

What seems to be the problem?

Although these figures, based on National sample Survey Organisation (NSSO) surveys, do not capture many types of skills that are informally acquired, it still suggests that skill-acquisition is generally very low.

Concerns:

There has been increasing informalization of the workforce. The transfer of workers from

agriculture to non-agriculture has been slow, with some acceleration in recent years, but most of the employment generated has been informal and insecure.

Other issues

The increasing ‘informalization’ of employment has gradually eroded the strength of ..

As such, the space for collective bargaining has been shrinking. Recent years have witnessed a significant rise in industrial unrest in several new manufacturing units, which poses a challenge for industrial peace, and is detrimental to the growth of the manufacturing sector.