-The Hindu Business Line Employment increased by about four lakh in the January to March 2022 quarter as against the previous quarter in nine selected sectors of the economy. The Fourth Round of Quarterly Employment Survey (QES) by the Labour and Employment Ministry revealed that the estimated employment increased to 3.18 crore in the fourth quarter of 2021-22 in the selected sectors as compared to 3.14 crore in the third quarter of...
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Gig economy in India to employ 23.5 million by 2030, says NITI Aayog report -Isha Sahai Bhatnagar
-Hindustan Times Over 20% of the 7.7 million jobs in India’s gig economy are classified as high-skilled jobs and 31% as low-skilled jobs. The remaining 47% are classified as medium-skilled jobs India’s gig economy is estimated to employ 7.7 million people and is set to nearly triple to 23.5 million by 2029-30, a new report by the NITI Aayog said on Monday. The report, ‘India’s Booming Gig and Platform Economy’, is the first...
More »At the centre of job creation -KR Shyam Sundar
-The Hindu The government should re-establish its role as the principal employment generator 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. One, the creation of employment is indeed a problem and can no longer be hidden from the public discourse. Two, the private sector, especially modern sectors such as the service and manufacturing...
More »Needed: Quality jobs for all -Amir Ullah Khan
-Deccan Herald Improving Workforce Participation Unemployment at 7.9%! Many may wonder why so much is made of a ratio that has been hovering between 6% and 8% since 2017. In India, when 7% lose their jobs, it means more than 40 million are without work. In December 2021, the CMIE informed us that 53 million Indians were unemployed. Assuming that each individual supports at least four other dependents in the household, it...
More »New EPFO accounts no proxy for new jobs -Santosh Mehrotra and Kingshuk Sarkar
-FinancialExpress.com Recent registrations cited as proof of job creation were mostly formalisation of existing jobs Defending the Centre’s record on employment, prime minister Narendra Modi, in a speech in Rajya Sabha, talked about the impressive net enrolment to Employment Provident Fund Organization (EPFO): during 2021, 1.20 crore beneficiaries were enrolled under EPF—about 65 lakh beneficiaries in the 18-25 age bracket, implying they are first-time entrants to the labour market. He connected the...
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