Employment

The Indian textile and apparel sector, with $37 billion exports and $85 billion domestic consumption, is one of the largest employers in the country. Every $1 billion additional exports in apparel manufacturing can create 1.5 lakh new jobs. If we capitalise on the current China-plus-One opportunity, Indian exports will grow in double digits for the next several years, which in turn will create millions of jobs. The Indian apparel sector needs scale, specialisation and competitiveness to capitalise on the emerging post-Covid opportunities in global trade. Need for scale: Scale is important to bring down the cost of production, improve productivity ... Read more

. Recently, the Ministry of Labour and Employment (MoLE) launched the e-Shram portal for creating a National Database of Unorganized Workers (NDUW). The portal came into being after the Supreme Court directed the Government to complete the registration process of unorganized workers. This much needed step, considering the enactment of Unorganised Workers’ Social Security Act, 2008 is however, about a decade late to come into existence. As much as appreciable the step is towards addressing the issues of the informal sector, the portal also raises concerns over issues like workers’ data protection, digital illiteracy etc. Unorganised Sector and e-Shram Total ... Read more

Over the last 20 years, the world has faced many global adversities — the dot-com bubble, the 9/11 attack, the 2008 financial meltdown, among others. Covid-19 is another disruption caused by a macro-event, but its intensity is far more severe. Like all challenging situations, this pandemic-induced crisis has also presented us with an opportunity to recalibrate the tourism potential. But this needs political will, the entrepreneurial spirit of the private sector, and investment support. Significance of Tourism Sector Income and Employment: In 2020, the Indian tourism sector accounted for 31.8 million jobs, which was 7.3% of the total employment in ... Read more

. The Micro, Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. MSMEs not only play crucial role in providing large employment opportunities at comparateively lower capital cost than large industries but also help in industrialization of rural & backward areas, thereby, reducing regional imbalances, assuring more equitable distribution of national income and wealth. MSMEs are complementary to large industries as ancillary units and this sector contributes enormously to the socio-economic development of the country. Ministry of Micro, Small & Medium Entyerprises envisions a vibrant ... Read more