Increase in self-employed workers: Economic Survey
1 month, 3 weeks ago

Increase in self-employed workers: Economic Survey

The Hindu  

Pointing towards a decrease in regular jobs and shift towards casual employment, the Economic Survey tabled in Parliament on Friday found that the proportion of self-employed workers in the workforce has risen from 52.2% in 2017-18 to 58.4% in 2023-24. Together, these measures foster a ‘virtuous cycle of job creation,’ supporting sustainable employment growth and economic inclusivity,” the survey concluded. The other key indicators of the labour market in the survey, citing various Periodic Labour Force Surveys and other government statistics, include that the unemployment rate, for individuals aged 15 years and above, has steadily declined from 6% in 2017-18 to 3.2% in 2023-24. “Nearly 61% of net payroll addition came from less than 29 years of age indicating that new jobs in the organised sector are going to the youth,” the Union Labour Ministry said in a release.

Employment Labour Survey  workers  selfemployed  labour  jobs  202324  workforce  employment  economic  increase  survey  201718  share  shift

History of this topic

Does the Economic Survey 2024-25 have unrealistic expectations?
1 month, 3 weeks ago

Does the Economic Survey 2024-25 have unrealistic expectations?

New Indian Express  

The Economic Survey 2024-25 is shorter than last year’s survey by forty-two pages and is missing a few important promises held out for us last time. Similarly, we have no reference to India’s rising ‘Global Value Chain Participation.’ We had an outline of growth vision and strategy for New India in the chapter on Medium-Term Outlook last year. “Harnessing the …

2014-2024 has seen jobloss growth: Congress questions govt’s job creation claims
5 months, 3 weeks ago

2014-2024 has seen jobloss growth: Congress questions govt’s job creation claims

Hindustan Times  

The Congress on Monday questioned the government’s claims on job creation data, adding that no spin doctoring can take away from the fact that 2014-2024 has seen “jobloss” growth. Quoting the content of the report, Congress claimed that the current ruling dispensation equated the unpaid household to the work done by women as “employment” which is not a new job …

Analysing the rising gap in incomes
1 year, 2 months ago

Analysing the rising gap in incomes

The Hindu  

According to a recent report by the State Bank of India, India has witnessed a significant fall in inequality over the last decade. Examining taxpayer data, the report claims that the Gini coefficient — a standard measure of inequality that ranges from 0, indicating perfect equality, to 1, indicating perfect inequality — has fallen from 0.472 in 2014-15 to 0.402 …

As self-employed work soars, worker productivity stalls
5 years, 3 months ago

As self-employed work soars, worker productivity stalls

NL Times  

Worker productivity was largely flat between 2008 and 2018, despite a large increase in the number of hours worked by self-employed people. Business sectors with more self-employed people generally see lower growth in productivity, according to Statistics Netherlands. That represents a sharp contrast against the 20.7 percent of productivity growth measured between 1998 and 2008, Statistics Netherlands said. The statistics …

No talk of jobs will not make the issue go away
5 years, 8 months ago

No talk of jobs will not make the issue go away

Deccan Chronicle  

Before the elections, Prime Minister Narendra Modi, then Bharatiya Janata Party president Amit Shah and then Union finance minister Arun Jaitley had offered anecdotal evidence to argue that it was not true that there were no jobs. Of course, messrs Modi, Shah, Jaitley did not feel the need to refer to the exact number of jobs that could have been …

Opinion | Jobs growth claims in India: a fact check
6 years, 6 months ago

Opinion | Jobs growth claims in India: a fact check

Live Mint  

Surjit Bhalla and Tirtha Das’ background paper, titled All You Wanted To Know About Jobs In India, But Were Afraid To Ask, is now available on the Prime Minister’s Economic Advisory Council website —a welcome initiative. It claims: “While there are no official employment surveys post 2015.there are several individual pieces of data suggesting a healthy growth in employment in …

Manufacturing lost 87,000 jobs in Apr-Jun quarter; contractual, casual workers suffered most : Labour Bureau survey
7 years, 1 month ago

Manufacturing lost 87,000 jobs in Apr-Jun quarter; contractual, casual workers suffered most : Labour Bureau survey

Firstpost  

Contractual workers and casual labourers are among the worst hit during the April-June quarter of the current fiscal with manufacturing reporting 87,000 job loss, said Labour Ministry survey New Delhi: Contractual workers and casual labourers are among the worst hit during the April-June quarter of the current fiscal with manufacturing reporting 87,000 job loss, said Labour Ministry survey. “In Manufacturing …

Economic growth that is not really jobless
11 years, 5 months ago

Economic growth that is not really jobless

Live Mint  

Employment growth is as important an indicator of an economy’s health as is the growth in its gross domestic product. But the next five years, 2004-05 to 2009-10, have been widely described as a period of jobless growth, as the net employment generated fell sharply to 4.7 million only. The 2011-12 survey showed some recovery in employment growth, with 10 …

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