Chapter Overview
This chapter explores the structure and types of employment in the Indian economy. It highlights the distinction between formal and informal employment, the nature of self-employment, and wage employment. The chapter also analyzes data related to workforce participation, unemployment trends, and the challenges posed by jobless growth and informalisation of the workforce.
Important Keywords
- Employment: The condition of having paid work, either in a formal or informal setting.
- Unemployment: A situation where people who are willing and able to work do not find jobs.
- Informalisation: A trend where an increasing number of workers are engaged in informal jobs that lack social security and legal protection.
- Workforce: The part of the population engaged in or available for work.
- Labour Force Participation Rate: The percentage of the working-age population that is part of the labour force.
- Jobless Growth: Economic growth that does not result in significant employment generation.
Detailed Notes
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