what is the status of unemployment
Answers
Answer:
Unemployment and under-employment have been a long-standing problem in the Indian economy. According to a 2013 report by Pravin Sinha, the Indian labor force has been officially classified by the Indian government into three categories:
Rural sector, which includes the farm labour
Urban formal sector, which includes factory and service industry labour with periodic salaries and coverage per Indian labor laws
Urban informal sector, which includes self-employment and casual wage workers
The rural and informal sectors of the Indian labour market accounted for 93% of the employment in 2011, and these jobs were not covered by the then existing Indian labour laws. According to the 2010 World Bank report, "low-paying, relatively unproductive, informal sector jobs continue to dominate the [Indian] labor market." "The informal sector dominates India’s labour markets and will continue to do so in the medium term", states the World Bank, and even if the definition of the "formal sector is stretched to include all regular and salaried workers, some 335 million workers were employed in the informal sector in 2004–5".
Answer:
The Usual Status approach to measuring unemployment uses a reference period of 365 days i.e. one year preceding the date of the survey of NSSO for measuring unemployment. The Usual Status approach of measuring unemployment also looks at the principal activity and subsidiary activity status of the worker.
Explanation:
unemployment rate in india is calculated by different agencies and basis remain controversial.
India’s unemployment rate stood at 6.1% in FY18, official data showed, highlighting the challenge that confronts the Narendra Modi-led government. The data isn’t comparable with that of past years, the government contended, in effect seeking to refute previous leaked reports that said they showed the unemployment rate was at a 45-year high.
statistical data collected by indian statistical institute for govt publishing is never correct.
employment market is composed of several factors
central and state governments
services
post and telegraph
state municipalities