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Sharma, Pushpak
- Economic Growth and Employment Generation in the Industrial Sector of India:Some Reflections
Authors
1 Department of Economics, Panjab University, Chandigarh, IN
Source
Indian Journal of Economics and Development, Vol 7, No 2 (2019), Pagination: 1-8Abstract
Objectives: To study the pattern of employment at gender and rural-urban level along with India’s GDP and industrial growth. To analyze the effect of industrial growth on industrial wages.
Methods/Statistical Analysis: The study is based on secondary time series data and collected data was calculated by simple percentages, Annual Average Growth Rate (AAGR) and Compound Average Annual Growth Rate (CAGR) method. The data is collected from various sources like Reserve bank of India, National Sample Survey Reports, World Bank database, International Labour Organization database (ILOSTAT), Planning Commission reports and reports published on Employment- Unemployment survey, 2016 by Labour Bureau of India.
Findings: The Industrial Sector which is supposed to work as ‘engine of growth’ didn’t able to raise the employment growth, employing only 23.79% of the total labour force in 2016-17. Nevertheless, this sector has the potential to generate more employment in the economy as it contributes 26.2% in total Gross Domestic Product (GDP) of India. The study found that there is slow growth in the employment level and fall in industrial share in total GDP. The industrial employment growth is also slow compared to the GDP growth rate in the last decade. After the post reform period this industrial employment growth didn’t go in line with industrial growth rate. All these results contradict and pose question mark on the government administration and policy makers.
Application/Improvements: This study tries to enhance the understanding about the changing pattern of industrial employment with respect to economic and industrial growth that will help to frame a more inclusive industrial policy.
Keywords
Economic Growth, Industrial Employment, Industrial Sector, Rural-urban, Wages.Full Text
References
- Sector-wise contribution of GDP of India. http://statisticstimes.com/economy/sectorwise-gdp-contribution-of-india.php. Date accessed: 21/03/2017.
- Handbook of Statistics on Indian Economy. https://www.rbi.org.in/Scripts/AnnualPublications.aspx?head=Handbook%20of%20Statistics%20on%20Indian%20Economy. Date accessed: 15/09/2018.
- Employment in industry (% of total employment) (modeled ILO estimate. https://data.worldbank.org/indicator/SL.IND.EMPL.ZS. Date accessed: 09/2018.
- Employment, Wages and Social Security:A Study of Informal Labour in India with Special Reference to Punjab
Authors
1 Department of Economics, Panjab University, Chandigarh, IN
Source
Indian Journal of Economics and Development, Vol 7, No 4 (2019), Pagination: 1-9Abstract
Objective: In this study, we try to study the pattern of employment, earnings, social security benefits of self-employed, contract workers and casual labour.
Methods/Statistical analysis: This study is a comparative analysis of India and Punjab. The study is based on secondary time series data and collected data was calculated by simple percentages, Annual Average Growth Rate (AAGR). The data has been taken from the report published on Employment- Unemployment survey, 2016 by Labour Bureau of India.
Findings: The level of informality has been more in the rural areas for both India and Punjab in case of casual labour. The situation of casual female workers seemed to be more vulnerable than another activity status. The condition of informal labour poses a great challenge for the government to formulate a decent policy for them. Self-employed are more in rural India than in urban India whereas the situation is opposite for Punjab. The urban areas of Punjab have more self-employed than rural parts of Punjab. Females and casual labour both again were the worst sufferer as more than half of the total casual labour and females earned less than Rs. 5,000 p.m. only. Informal workers have the least access to social security benefits.
Application/Improvements: The study also tries to explain the current situation employment, wages and social security of informal labour at both gender level and rural-urban level.
Keywords
Informal Labour, Social Security Benefits, Rural-Urban, Wages, Casual Labour.Full Text
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