Employment in IndiaThe current Indian population is approximately 139 crores i.e., India is the second most highly populated country in the world. out of the 139 crores of population 49 crores, people are in the working force. Out of which 33 crores are men and 16 crores are women, which is quite a large difference. 67% of the total population is aged above 15 i.e., 93 crores. From which only 49 crore people work. There are multiple reasons for such a vast difference between the numbers of working and non-working people. As some are students & still in the process of education, some educated yet unemployed due to fewer capabilities and skillsets than the working segment needs and many more reasons. Now, Indian employment is mainly distributed in 3 major segments the Agriculture, Industry & Service sectors.
Agriculture:Agriculture is alter divided into 4 parts.
- Agri & Horticulture
- Forestry & Logging
- Fishing, Aquaculture & Apiculture
Industry:The industry as well as post-sub-divisions to it, and they are as follows:
- Mining and Quarrying
- Electricity, Gas & Water
Service Industry:The fastest booming segment in India is the service industry with four sub-segments for easy understanding.
- Trade, Hotel & Restaurants
- Transport, Storage & Communication
- Financial Services & Real Estate
- Personal & Other Services.
How can we boost employment in the country?Over 85% of employment in India is in the informal sector. An unplanned national lockdown halted economic activity & wiped-out livelihoods, especially for the people with daily wages & laborers. Salaries were cut down to half, some were thrown out of their jobs, some with jobs but no money in return. The entry of the covid-19 virus with lockdown became a nightmare for the nation. Every single person was affected be it the rich or the poor. Laborers were seen fleeing to their native villages as they were left with nothing. This is called reverse migration. Due to the closing down of the country, it faced a lot of economic problems. Let’s look at the problems & how can we try fixing them.