Budget 2017: Staying the course on job creation
An authored article of Manish Sabharwal in Mint talks about how the 2017 Union Budget recognizes that India’s problem is not jobs but formal enterprises. A government focused...
India is still inadequately Formalised, Financialised, Urbanised, Industrialised and Skilled. While the regulatory challenges do pose questions on smoother business functioning and consequent job creation, there are several underlying factors which indicate that there is a lot of work to be done in employment, employability, and ease of doing business.
India’s labour market is undergoing a structural transformation. Total employment in India rose to approximately 64.33 crore in 2023–24 from 47.5 crore in 2017–18, reflecting robust workforce participation and a rapidly expanding labour force. This growth underscores both opportunity and challenge...
Know More
Non-fiscal interventions for formal employment Allow low-wage employees (people with less than Rs 20,000 per month salary) to choose mandatory salary confiscation: Today, low-wage employees only receive 55%...