Segmented Labour Market: Strategies for Employment Generation in India
Sunday, 29 September 2024, 02:33
Understanding the Segmented Labour Market in India
The segmented labour market in India presents unique challenges that complicate job creation efforts. Segments include the organized sector and various informal sectors like agriculture, manufacturing, transport, and trade. Addressing these disparities is essential for effective employment generation.
Policy Measures for Employment Generation
- Innovative Incentives: Implementing incentives for business hiring that consider the distinctive needs of each sector.
- ELI Scheme Re-evaluation: A thorough assessment of the Employment Linked Incentive (ELI) scheme could enhance job creation capabilities.
- Support for Informality: Developing platforms to transition informal labor into the organized sector can significantly improve job quality.
Targeting Key Sectors
- Agriculture: Enhancing agricultural productivity creates substantial employment opportunities.
- Manufacturing Revolution: Investing in manufacturing can lead to high-quality job creation.
- Transport and Trade Efficiency: Improving logistics can create ripple effects in employment across multiple sectors.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.