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LATEST NEWS UPDATES | Construction sector jobs have let down peasants -Roshan Kishore

Construction sector jobs have let down peasants -Roshan Kishore

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published Published on Apr 2, 2018   modified Modified on Apr 2, 2018
-Hindustan Times

An examination of RBI data indicates that peasants turning to construction are increasingly at the same income levels as farming, in probably more challenging conditions.

Shifting agricultural workers to remunerative non-farm jobs, is India’s central challenge on the employment front. The construction sector has been a mainstay of non-farm jobs over the last two decades. However, these jobs are increasingly losing their remunerative potential.

The KLEM (Capital with a K, Labour, Energy, Material) database released by the Reserve Bank of India (RBI) provides sector-wise employment figures from 1980-81 to 2015-16. A compound annual growth rate (CAGR) analysis shows that agricultural employment has been declining since the 2000s.

The bulk of the non-farm jobs have been generated in construction. Between 2000-01 and 2010-11, the CAGR in construction sector employment was 9.1% against 2.7% in non-farm employment excluding construction. This asymmetry seems to have gone up between 2010-11 and 2015-16.

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Hindustan Times, 1 April, 2018, https://www.hindustantimes.com/india-news/construction-sector-jobs-have-let-down-peasants/story-o3LR2tlGWpjx3FSY2A4NBM.html


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