Number Theory: The growth and erosion of salaried employment in India | Latest News India - Hindustan Times

Number Theory: The growth and erosion of salaried employment in India

By, Amit Basole
Oct 09, 2023 09:45 AM IST

The authors are faculty at Azim Premji University. The views expressed are their own and do not necessarily reflect the views of the University

Over the past two decades, economic growth has pulled millions of workers out of agriculture in India. However, growth has not proved as effective in creating regular salaried employment. That is, most workers leaving agriculture have either left the workforce (in the case of women) or found employment in the informal sector. Moreover, even the salaried jobs created have been largely of the informal kind which do not come with written contracts or benefits. The consequence has been a persistent informal workforce, outside of the agricultural sector, largely in casual wage work and self-employment, and a growing informal economy within the formal sector.

HT Image
HT Image
Unveiling 'Elections 2024: The Big Picture', a fresh segment in HT's talk show 'The Interview with Kumkum Chadha', where leaders across the political spectrum discuss the upcoming general elections. Watch Now!

Get Current Updates on India News, Rajya Sabha Election 2024 Live, Gaganyaan Mission Astronauts along with Latest News and Top Headlines from India and around the world
Share this article
Story Saved
Live Score
Saved Articles
My Reads
Sign out
New Delhi 0C
Thursday, February 29, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On