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LATEST NEWS UPDATES | Modinomics’ Legacy ― Labour Traffic Now Flows From Factories to Farms -MK Venu

Modinomics’ Legacy ― Labour Traffic Now Flows From Factories to Farms -MK Venu

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published Published on Aug 13, 2021   modified Modified on Aug 13, 2021

-TheWire.in

The ‘vikas’ train has begun to chug the wrong way, as it were.

A worrisome aspect of the Indian economy is reflected in the share of employment in agriculture dramatically rising from 42.5% of the total employed in 2018-19 to 45.6% in 2019-20. This may signify an unusually large movement of labour from industry or services sectors to agriculture.

The total number of persons employed in India varies between 400 million and 470 million, as per credible private and government surveys which use varying measures from stringent to more liberal of actual employment status. So, a 3 percentage point increase in the share of agricultural employment in one year means that roughly 12-13 million workers have moved back from employment in industry or services to low wage agriculture in one year.

Why a large number of workers are moving from factories to rural farms needs deeper analysis and policy correctives. While the pandemic may have accelerated this process, there is little doubt that Modinomics had already provided fertile ground for this reverse flow of labour, when key policy goals of formalisation and digitisation of the economy suffered such disasters as demonetisation and a messed-up GST. The ‘vikas’ train has begun to chug the wrong way, as it were. 

Please click here to read more. 

 


TheWire.in, 12 August, 2021, https://thewire.in/economy/modinomics-legacy-labour-traffic-factories-to-farms


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