The Current State of India's Informal Economy and Its Employment Impact
Thursday, 18 July 2024, 01:39
Overview of India’s Informal Economy
The informal sector plays a crucial role in generating jobs and absorbing semi-skilled and unskilled labour.
Impact on Employment
- Over the last 7 years, 16.45 lakh jobs have been lost in the non-farm informal economy.
It is closely watched for employment trends, highlighting its importance in understanding the employment landscape.
Conclusion
Given the significant job losses, it is essential to analyze the trends within this sector to address employment challenges effectively.
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.