The Economic Times
12,180.3573.45
Stock Analysis, IPO, Mutual Funds, Bonds & More

More formal jobs have been created in the economy: Chief Economic Advisor

The CEA said that the proportion of regular salaried workers in the country has gone up by 5 per cent.

ET Online|
Updated: Dec 13, 2019, 10.45 PM IST
0Comments
More formal jobs have been created in the economy: KV Subramanian, CEA
More formal jobs have been created in the economy: KV Subramanian, CEA
The chief economic advisor, Krishnamurthy Subramanian, said that there has been a significant change in the nature of employment in the country in 2017-18 compared to 2011-12.

The CEA said that the proportion of regular salaried workers in the country has gone up by 5 per cent while that of casual workers has come down by the same proportion.

The findings point towards a more formalisation of economy adding more salaried workers to the workforce.

The CEA aslo pointed out that proportion of remunerative jobs has increased both in urban and rural areas. Proportion of remunerative jobs has increased by 3.3% in rural areas and 1.4% in urban areas.

Proportion of workers in agriculture has gone down by 5 %. Four per cent absorbed in services and 1 % by industry, the CEA added.

Also Read

No slowdown in jobs for IITians

Questions for 2020: Job crisis over?

Cabinet clears decks for more seafarer jobs

Tailor-made for jobs: A decision to offer wage subsidies has drawn investment and jobs in spades

Xiaomi created 50,000 jobs in India

Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service