Employment, Unemployment And Labour Laws in India- Emerging Issues and Challenges

Jun 21st, 2015
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India’s labour force is estimated to be approximately 375 million in 2002 and is expected to increase by 7 to 8.5 million per year in the first decade of this century and will increase by a total of about 160-170 million by 2020, i.e., 2.0 percent per annum.

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Employment, Unemployment And Labour Laws in India- Emerging Issues and ChallengesDR. TARUN DAS, Economic Adviser, Ministry of Finance, India.AbstractDespite various studies done in India indicating tangible benefits from liberalisation of labour markets, Indian labour laws still remain highly restrictive due to political economy constraints. India has not achieved remarkable improvement in manufacturing growth. Although industrial output has grown at a faster rate than before, employment growth has decelerated in the recent years. This suggests that labour reforms are necessary to allow for larger investments in manufacturing. Manufacturing growth is crucial for the absorption of semi-skilled and unskilled workers and to reduce the dependency of labour on agriculture, which employs 58% of labour force but contributes only 20% of GDP. 1. Labour Force and UnemploymentIndia's labour force is estimated to be approximately 375 million in 2002 and is expected to increase by 7 to 8.5 million per year in the first decade of this century and will increase by a total of about 160-170 million by 2020, i.e., 2.0 percent per annum. Approximately 35 million persons in 2002 are unemployed of which approximately three-fourth of the unemployed is in rural areas and three-fifth among them are educated. (Planning Commission: Vision 2020).As per the estimates made by the Planning Commission on the basis of NSSO surveys, overall unemployment rate declined from 8.3 percent in 1983 to

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