Need to work for labour market reforms
12 years, 1 month ago

Need to work for labour market reforms

The Hindu  

The Economic Survey has claimed that India is not creating enough productive jobs. The survey felt “it may be the stringent protection that is afforded by the existing regulations that is responsible for both the paucity of good jobs as well as inadequate protection that most workers have.” In India, reforms were typically implemented only after some sort of political consensus was reached on them. “It is, therefore, imperative that consensus building on labour market reforms should start soon.” The country needed many more firms in the formal sector, especially firms that continue growing and creating productive jobs. “If indeed rigid labour laws are determined to be the key constraining factor in the creation of productive jobs, win-win reforms are easily available,” it said. “India is creating jobs in industry but mainly in low productivity construction and not enough formal jobs in manufacturing, which typically are higher productivity.

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How Skills Development in India is Shaping the Future of the Job Market
Trending News
1 week, 4 days ago

How Skills Development in India is Shaping the Future of the Job Market

Hindustan Times  

Introduction: The Evolving Job Market Skills Development in the Indian job market is positively shaping its future The QS World Future Skills Index 2025 places India in second position worldwide, just behind the United States, in preparedness for essential future skills, including artificial intelligence, digital technologies, and the green economy. Benefits of Skill Development for Indian Students Better Job Prospects: …

Indian industry needs innovation, not mindless toil
1 month ago

Indian industry needs innovation, not mindless toil

The Hindu  

A few months ago, this writer and his colleagues interviewed migrant industrial workers in Ludhiana, Punjab, for a research project. They may not be aware that most of India’s workers are informal and must work extremely long hours, sweating to earn a living. In the developed world, the mode of surplus extraction underwent a transformation long ago, from making workers …

Worker scarcity: Low-wage labour in India is crying out for a quantum leap in pay
1 month, 1 week ago

Worker scarcity: Low-wage labour in India is crying out for a quantum leap in pay

Live Mint  

India’s labour abundance, especially for low-paid jobs, has long been taken for granted. A problem of labour retention was also identified by Vimal Kejriwal, CEO of KEC International, who reportedly said that workers used to work at a site for almost a year before going on annual leave, but now often leave within a quarter and do not return. All …

Can the budget unlock labour market potential?
1 month, 3 weeks ago

Can the budget unlock labour market potential?

Hindustan Times  

India’s labour market has made notable strides in recent years, bolstered by a strong post-pandemic recovery and increased formalisation of employment. One of the primary concerns is the stagnation of salaried employment, which suggests weaker demand for skilled labour or slower expansion in the industrial and service sectors, both essential for long-term economic growth. The substantial ₹38,000 crore allocation to …

India Inc warned against overuse of AI
1 month, 4 weeks ago

India Inc warned against overuse of AI

New Indian Express  

BENGALURU: As OpenAI’s ChatGPT and the recent ‘R1’ low-cost AI model by Chinese firm DeepSeek have raised concerns about the future of jobs, the Economic Survey stresses on skilling employees so that artificial intelligence can augment their efforts rather than replacing them. It states that it is time for India to build necessary institutions that will minimise disruptions and maximise …

Disproportionate growth in wage, corporate profit poses risk to economy by curbing demand: Economic Survey
1 month, 4 weeks ago

Disproportionate growth in wage, corporate profit poses risk to economy by curbing demand: Economic Survey

The Hindu  

Growth in corporate profits needs to be commensurate with wages to boost the economy, Economic Survey 2024-25 said, noting that sharp disparities between the two pose risk to the economy by curbing demand. Economic Survey mentions that the growing participation of women in entrepreneurship can propel the country towards higher levels of development by tapping into their latent potential to …

Need 8% growth for two decades, deregulation, land-labour reform for Viksit Bharat 2047: Economic Survey
1 month, 4 weeks ago

Need 8% growth for two decades, deregulation, land-labour reform for Viksit Bharat 2047: Economic Survey

New Indian Express  

NEW DELHI: India needs to grow at 8 percent for up to two decades to become a developed nation by 2047, the Economic Survey said on Friday, pitching for a slew of reforms, including land and labour, to achieve the ambitious target. It further said that to achieve this growth, the investment rate must rise to 35 percent of GDP, …

Hiding in labour data, a tale of economic distress
2 months, 1 week ago

Hiding in labour data, a tale of economic distress

Hindustan Times  

The recent statements by the Union labour minister Mansukh Mandaviya rightly suggest that the labour force participation rate is up and the unemployment rate is down based on data from the Periodic Labour Force Survey. Not just that, this tide of apparent job creation has managed to push the female labour force participation rate up since 2017-18, reversing the earlier …

Stagnant wages amid fast economic growth: We need an Indian Enlightenment
2 months, 2 weeks ago

Stagnant wages amid fast economic growth: We need an Indian Enlightenment

Live Mint  

India’s economic growth story has been impressive. Wage stagnation amid rising inflation: The disparity between India’s economic growth and stagnant wages is stark. Chief economic advisor V. Anantha Nageswaran warns that low wages could stifle India’s long-term potential by weakening consumer demand and the quality of life for millions. This is not the template for a ‘Viksit Bharat.’ The paradox …

India should create 8 mn jobs yearly to become advanced economy: OECD
2 months, 3 weeks ago

India should create 8 mn jobs yearly to become advanced economy: OECD

Deccan Chronicle  

Chennai: India will have to overcome labour market challenges, including creation of 8 million non-farm jobs every year and sustain strong per capita growth to achieve its target of becoming an advanced economy by 2047, finds OECD. “India aims to reach 'advanced economy status' by 2047, which requires sustaining strong per capita growth,” it said. Labour market challenges include the …

Building on the revival of the manufacturing sector
3 months, 3 weeks ago

Building on the revival of the manufacturing sector

The Hindu  

India’s journey to becoming a global manufacturing hub has gained momentum with the government’s strategic policy initiatives, particularly the Production Linked Incentive scheme. The results of the ASI 2022-23 show a healthy double-digit expansion in the growth rate of manufacturing sector output — at 21.5% — despite a high base of 2021-22 which saw a sharp rebound as the economy …

‘Indian economy cannot progress as long as…’: Rahul Gandhi hits out at Centre
Trending News
3 months, 4 weeks ago

‘Indian economy cannot progress as long as…’: Rahul Gandhi hits out at Centre

Hindustan Times  

Leader of Opposition in the Lok Sabha, Rahul Gandhi on Sunday said that the India's Gross Domestic Product growth rate has fallen to its lowest in two years at 5.4 percent. Rahul Gandhi on Sunday said India's GDP growth has dropped to 5.4 percent, the lowest in two years. The thing is clear - the Indian economy cannot progress as …

Urban labour market shows improvement as unemployment declines in September quarter
4 months, 1 week ago

Urban labour market shows improvement as unemployment declines in September quarter

Live Mint  

India's urban labour market demonstrated steady gains in July-September, with rising workforce participation and a slight dip in unemployment, according to recent data. Urban unemployment rate, a key indicator of joblessness, fell to 6.4% in July-September, down from 6.6% a year prior, as per data from the Ministry of Statistics & Programme Implementation on Monday. The Labour Force Participation Rate …

India’s cities, expanding hubs of precarious employment
4 months, 3 weeks ago

India’s cities, expanding hubs of precarious employment

The Hindu  

Abhishek is just 25 years old. Precarious nature of work in urban India In recent decades, there have been fundamental shifts in India’s urban workforce and city development. Moreover, 92% of the 61 million jobs created after the economic liberalisation of 1991 were informal, indicating the precarious state of employment in India’s labour market. Structural imbalances favour organisations that control …

IMF Sees India's Economic Growth and Outlook as Stable
5 months, 1 week ago

IMF Sees India's Economic Growth and Outlook as Stable

New Indian Express  

India remains the world's fastest-growing economy, with inflation expected to decline to 4.4% in FY24-25. IMF Director Krishna Srinivasan highlights the country's strong macroeconomic fundamentals, including a large and growing population, favourable harvests, and a stable fiscal situation. Srinivasan suggests that the country focus on creating jobs, removing trade restrictions, and investing in infrastructure and education to strengthen its economy …

Upskilling India's Workforce: A Roadmap for the Future Economy
5 months, 2 weeks ago

Upskilling India's Workforce: A Roadmap for the Future Economy

Hindustan Times  

The article highlights the need for India to invest in skill development and upskilling its workforce to address the challenges of a rapidly changing job market. The government's recent policy aims to enhance skill development for its youth through various initiatives, including the Skill India Mission and the launch of a new scheme focused on collaborative efforts between state and …

Job Creation Seems Better Than Before but What About Quality and Sustainability?
7 months, 3 weeks ago

Job Creation Seems Better Than Before but What About Quality and Sustainability?

The Quint  

India's job market landscape presents a complex narrative, characterised by both positive indicators and underlying anxieties. The Reserve Bank of India recently published 'Measuring Productivity at the Industry Level-The India KLEMS Database,' providing data on employment trends across 27 key industries in India. The database, spanning FY 1980-81 to 2022-23 aims to provide critical data points on economic output, worker …

Jobs Creation, Agri Push, Skill Development, MSME Support: Govt Unveils Key Policy Focus Areas
8 months, 1 week ago

Jobs Creation, Agri Push, Skill Development, MSME Support: Govt Unveils Key Policy Focus Areas

News 18  

Finance Minister Nirmala Sitharaman on Monday tabled the Economic Survey 2023-24 in Parliament, setting the stage for the Union Budget 2024-25. Skill Gap Challenge The Economic Survey 2023-24 said 65 per cent of India’s fast-growing population is under 35, and many lack the skills needed by a modern economy. In India, the government has been paying focused attention to enabling …

India Needs to Create 148 mn Additional Jobs by 2030
8 months, 2 weeks ago

India Needs to Create 148 mn Additional Jobs by 2030

Deccan Chronicle  

Chennai: India’s transformation from a rural-based economy to a services-led economy is incomplete. As the population continues to grow, India will need to create up to an additional 148 million jobs by 2030 and 324 million jobs by 2050, finds the IMF. “We find that India will need to create 148 million jobs by 2030 and 324 million by 2050 …

Centre questions Citigroup’s report on employment in India
8 months, 3 weeks ago

Centre questions Citigroup’s report on employment in India

The Hindu  

The Union Labour Ministry questioned the findings of a report prepared by the United States-based banking giant Citigroup and said the group failed to account for the “comprehensive and positive employment data” available from official sources such as the Periodic Labour Force Survey and the Reserve Bank of India’s capital, labour, energy, material and services data. The Citigroup’s report had …

Labour ministry rebuts Citigroup's research report on employment in India
8 months, 3 weeks ago

Labour ministry rebuts Citigroup's research report on employment in India

New Indian Express  

NEW DELHI: The labour ministry on Monday rebutted a recent report by Citigroup which forecast that India will struggle to create sufficient employment opportunities even with a 7 per cent growth rate. The ministry in a statement said the report "fails to account for the comprehensive and positive employment data available from official sources such as Periodic Labour Force Survey …

India won't be able to create enough jobs over next decade even if economy grows 7%: Citigroup
8 months, 3 weeks ago

India won't be able to create enough jobs over next decade even if economy grows 7%: Citigroup

Hindustan Times  

India will struggle to create enough jobs for its growing workforce over the next decade even if the economy grows at a rapid pace of 7%, Citigroup Inc. said, suggesting the world’s most-populous nation will need more concerted steps to boost employment and skills. India will struggle to create enough jobs for its growing workforce over the next decade even …

What the labour report says about India’s youth
11 months, 2 weeks ago

What the labour report says about India’s youth

Hindustan Times  

Talking to women in rural India or young people in cities, one hears a constant lament about the lack of suitable paid work appropriate to their skills or training, which is also accessible, i.e., does not involve commuting for hours. The International Labour Organization -Institute of Human Development India Employment Report 2024 throws light on the complex nature of the …

How to create more jobs for India’s educated youth | In Focus podcast
11 months, 3 weeks ago

How to create more jobs for India’s educated youth | In Focus podcast

The Hindu  

The India Employment Report 2024, released recently by the International Labour Organisation, paints a grim picture. The news is particularly bad on two critical counts: joblessness is particularly high among the youth, and its worse for the educated youth. According to the report, India’s youth account for 83% of the unemployed workforce, with the share of the educated youth among …

Can India Ensure Living Wages at a Time When Workers Struggle for Minimum Wage?
1 year ago

Can India Ensure Living Wages at a Time When Workers Struggle for Minimum Wage?

The Quint  

Recruitment happened through middlemen, the pay was based on piecework, and most workers preferred daily wages to avoid deductions for benefits from their already meagre income of Rs 300. Even though company hostels provided them with shelter, migrant workers were still classified as daily wage earners, receiving no benefits. Although these workers perform industrial work, qualifying them as organised sector …

India’s jobs crisis, the macroeconomic reasons
1 year, 3 months ago

India’s jobs crisis, the macroeconomic reasons

The Hindu  

There are many indications everywhere that India continues to be going through a jobs crisis. Employment growth rate is determined by the relative strength of two factors — the output growth rate and the labour productivity growth rate. If labour productivity growth rate does not change, higher output growth rate increases employment growth rate. On the other hand, if labour …

Hiring in India: 37% employers planning to increase staff strength by 2024 March
1 year, 3 months ago

Hiring in India: 37% employers planning to increase staff strength by 2024 March

Live Mint  

India has one of the strongest hiring sentiments in the world over the next three months, with 37 percent of businesses planning to increase their staff levels in response to strong domestic demand, a report has stated. As per the survey, India and the Netherlands reported strongest net employment outlooks at 37 percent, followed by Costa Rica and the US …

Bharat’s Model of Economic Growth Cannot Be Built on Western Models - News18
1 year, 4 months ago

Bharat’s Model of Economic Growth Cannot Be Built on Western Models - News18

News 18  

Policymaking in the agriculture space is rife with several myths, misconceptions, and assumptions. A NITI Aayog paper from 2022 highlights four structural paths that farmers could find themselves on: the Farmer Developing Path, the Lewis Path, the Lewis Trap, and the Farmer Excluding Path. The Indian agricultural sector employs 44 per cent of the labour force in the country while …

Labour and its discontents
1 year, 6 months ago

Labour and its discontents

Hindustan Times  

There is a widespread consensus that employment generation is India’s central economic challenge. At one level, it can be argued that failure to reduce the employment share of agriculture is India’s biggest labour market challenge. At another, it can also be argued that the quality of non-agricultural jobs, caste-based inequalities in labour markets and a big gender gap in employment …

Data | The contours of India’s ‘formal jobs’ crisis
1 year, 7 months ago

Data | The contours of India’s ‘formal jobs’ crisis

The Hindu  

Since 2017, the Indian government has been using the Employees Provident Fund scheme’s data as a measure of payroll employment and formal job creation in the country. If we move past the basic scheme enrolment numbers, the EPF data, in fact, provide important insights into what’s happening to formal employment in the country. Unlike the EPF monthly enrolment data, which …

Create more competitive jobs to drive the Indian economy ahead
1 year, 8 months ago

Create more competitive jobs to drive the Indian economy ahead

Live Mint  

Manufacturing has been the backbone of many economies. Competitive jobs don’t just assure employees wages in the marketplace, they also provide opportunities for people to develop capabilities that can enhance productivity over time. The International Labour Organization’s World Employment and Social Outlook 2023 report considers productivity as “key to addressing today’s multiple crises". According to McKinsey’s analysis in 2020, to …

At the root of India’s manufacturing challenge
1 year, 9 months ago

At the root of India’s manufacturing challenge

The Hindu  

The issue of manufacturing or services as the desirable path for India’s economy makes the rounds in public fora periodically. In the early part of this century, when India’s software exports were booming, it had been asked why India’s services sector should not leapfrog over manufacturing to propel the economy forward. Unimpressive record After the economic reforms of 1991, the …

Why India Needs to Expand Export Quality Skilled Manpower - News18
2 years, 2 months ago

Why India Needs to Expand Export Quality Skilled Manpower - News18

News 18  

Managing an ever-burgeoning population is a Herculean task. As per the National Policy for Skill Development and Entrepreneurship 2015, the target was to impart various types of skills to 40 crore people by 2022. The major challenges to skill development, as also pointed out by the NITI Aayog, involve mapping skill requirements sector-wise and geographically; making vocational training in school …

Indian manufacturing sector and the great transformation under Narendra Modi
2 years, 3 months ago

Indian manufacturing sector and the great transformation under Narendra Modi

Firstpost  

With the vision of transforming India into a manufacturing hub, our government under the leadership of Prime Minister Narendra Modi took concrete steps towards improving various business parameters In 2014, when Prime Minister Narendra Modi took the reins of our nation, India had been tagged as one of the so-called “Fragile Five” nations alongside Indonesia, Brazil, Turkey, and South Africa, …

Hard truths about India’s labour reforms
2 years, 7 months ago

Hard truths about India’s labour reforms

The Hindu  

Independent India was born at the midnight hour on August 15, 1947, 75 years ago, when India’s first Prime Minister Jawaharlal Nehru unfurled the country’s tricolour flag and announced to Parliament that India had made a “tryst with destiny”. Editorial | Death trap: On Labour reforms The dominant ‘theory-in-use’ to increase employment is to improve the ease of doing business, …

At 75, India seeks way forward in big but job-scarce economy
2 years, 7 months ago

At 75, India seeks way forward in big but job-scarce economy

Associated Press  

NEW DELHI — As India’s economy grew, the hum of factories turned the sleepy, dusty village of Manesar into a booming industrial hub, cranking out everything from cars and sinks to smartphones and tablets. If I live like this, how will my children live any better?” Entire families leave their homes in India’s vast rural hinterlands to camp at such …

At the centre of job creation
2 years, 9 months ago

At the centre of job creation

The Hindu  

With his announcement that 10 lakh government jobs will be provided over the next 18 months on a “mission mode”, Prime Minister Narendra Modi sent four messages. The NDA government is at present relying on the Employees’ Provident Fund Organisation/National Pension System/Employees’ State Insurance Scheme registrations and exits as indicators of the formal labour market. Role of private sector Even …

What forced PM Modi's jobs push now
2 years, 9 months ago

What forced PM Modi's jobs push now

India Today  

Prime Minister Narendra Modi has reviewed the status of human resources in all central government ministries and departments and ordered the recruitment of 10 lakh people in a mission mode in the next 18 months,” the PM's Office said in a tweet on Tuesday. — PMO India June 14, 2022 Tuesday’s tweet from the PMO follows protests by frustrated job …

With no jobs, millions of Indians are exiting the labour force
2 years, 11 months ago

With no jobs, millions of Indians are exiting the labour force

Al Jazeera  

Frustrated with the lack of good jobs, more than half of the 900 million Indians of working age no longer want one. Now, more than half of the 900 million Indians of legal working age — roughly the population of the U.S. and Russia combined — don’t want a job, according to the CMIE. “The large share of discouraged workers …

The era of an unemployed India
3 years ago

The era of an unemployed India

The Hindu  

Reports on and the visuals of the recent agitations by railway job applicants reveal a widespread problem of massive job insecurity among India’s youth. One such index is the downward pressure unleashed by the influx of overqualified youth aspiring for middle and lower rung government jobs, which, despite their modest pay, are highly coveted given the greater job security ascribed …

Labour laws could be good for business in the country
3 years, 1 month ago

Labour laws could be good for business in the country

Live Mint  

Recent discontent in Uttar Pradesh and Bihar has been manifesting in a different kind of collective action: ‘job riots’. Consider, for instance, UP’s 2020 decision to suspend labour laws to reduce the burden on companies and attract investment; other states undertook similar actions—all to no avail. The government’s push for an Atmanirbhar Bharat, skill development and securing the future of …

A hazy picture on employment in India
3 years, 1 month ago

A hazy picture on employment in India

The Hindu  

The two important indicators of structural transformation in any economy are rates of growth and changes in the structural composition of output and the workforce. Also, the unemployment rate in the female labour force in rural areas is far lower than the male labour force, whereas the opposite holds true in urban areas. This is despite the fact that the …

Total employment in nine sectors rises to 3.10 crore in July-Sep 2021, says labour survey
3 years, 2 months ago

Total employment in nine sectors rises to 3.10 crore in July-Sep 2021, says labour survey

Firstpost  

The nine sectors are manufacturing, construction, trade, transport, education, health, accommodation and restaurant, IT/ BPO and financial services New Delhi: Total employment generated by nine select sectors stood at 3.10 crore in the July-September 2021 quarter, which is 2 lakh more than that of the April-June period, according to a quarterly employment survey by the labour ministry released on Monday. …

Explained: Why India's economy needs a manufacturing push
3 years, 7 months ago

Explained: Why India's economy needs a manufacturing push

India Today  

India’s economy needs a strong manufacturing push as the nation’s dominant services sector struggles to return to normalcy after two deadly waves of the Covid-19 pandemic. Read | Covid-19: India’s services activity in May contracts for 1st time in 8 months SLOW PROGRESS IN MANUFACTURING Even before the pandemic brought the economy to a standstill in 2020, growth in India’s …

Labour regulations need both clarity and uniformity
4 years ago

Labour regulations need both clarity and uniformity

Live Mint  

Workers are often rightly identified as the lifeblood of any organization or industry. As these neo-industries take shape and help expand India’s economy, labour regulations must cater to their workers’ needs and be cognizant of emerging businesses and organizational models. Further, the law on standing orders adopted a very wide definition of ‘industrial establishments’ that is now being applied to …

Not Govt's Job to Create Jobs, Private Sector Has To Do Its Bit: Former NITI Aayog VC Arvind Pangariya
4 years, 1 month ago

Not Govt's Job to Create Jobs, Private Sector Has To Do Its Bit: Former NITI Aayog VC Arvind Pangariya

News 18  

Indian-American economist and former NITI Aayog vice chairman Arvind Pangariya says that while privatisation invites skepticism, the Centre’s focus on it now is of the same magnitude as that of the government of India in 1992. Edited excerpts from the interview: Q: Many economic and market experts were saying that so far the successive budgets by the BJP-led NDA government …

Growth of Manufacturing Sector is Key to Creation of Jobs in India, Says Maruti Suzuki Chairman
4 years, 7 months ago

Growth of Manufacturing Sector is Key to Creation of Jobs in India, Says Maruti Suzuki Chairman

News 18  

The coronavirus pandemic is creating a greater awareness among people in India that this is the time to make radical changes and take steps for faster growth of the manufacturing sector and the economy, Maruti Suzuki India Chairman R C Bhargava said on Wednesday. Addressing shareholders at the company's annual general meeting, he said the key to grow the economy …

India needs to create 90 million jobs by 2030 to avoid economic stagnation
4 years, 7 months ago

India needs to create 90 million jobs by 2030 to avoid economic stagnation

Deccan Chronicle  

Chennai: India’s GDP would have to grow by 8 to 8.5 per cent annually and the country would have to create jobs for 90 million workers by 2030. Over the decade to 2030, 60 million new workers are likely to enter the workforce as per current demographic trends, and an additional 30 million workers could move from farm work to …

A blueprint to protect labour rights without constraining capital | Opinion
4 years, 8 months ago

A blueprint to protect labour rights without constraining capital | Opinion

Hindustan Times  

Two defining moments in India’s long and harsh lockdown bring out the sharp contradictions in labour-capital relations in the economy. Every day of the lockdown brought with it images of workers, left with no incomes and social security, making their way home, hungry and tired, laying bare the realities of India’s fragile labour market. The growth-versus-labour rights binary is false …

For India’s formal job market, worst seems over, says staffing firm
4 years, 10 months ago

For India’s formal job market, worst seems over, says staffing firm

Live Mint  

India’s unemployment rate has probably peaked with large companies looking to restart hiring as the economy gradually exits the world’s biggest lockdown, says the head of a top staffing firm. “I can see the bend in the road, and the bounce back in hiring in sectors like financial services, health care, and last-mile logistics will be sharper.” The outlook from …

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