23-Oct-2012
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In a survey by NSSO (National Sample Survey Organisation) some concerning statistics describing Indian labor-force have been revealed. 93% of the labor is in the unorganised sector, 30 million unemployed, 26 million under-employed, 40 million seek additional work and 35 million are looking for alternative means of livelihood.
In a survey by NSSO (National Sample Survey Organisation) some concerning statistics describing Indian labor-force have been revealed. 93% of the labor is in the unorganised sector, 30 million unemployed, 26 million under-employed, 40 million seek additional work and 35 million are looking for alternative means of livelihood. The statistics also show gender disparity in the workforce and 86% of contribution to GDP comes from service sector, but it only employs 47% of the population.
Source: www.economictimes.com, October 22, 2012. “Why 93% of India’s workforce is trapped in unorganized sector”