Unorganized sector generates largest number of jobs: Report
New Delhi, Mar 30 (KNN) Largest number of jobs are generated in the unorganized sector, according to the Oxfam India's latest report, 'Mind The Gap - State of Employment in India'.
According to the report, lack of quality jobs is increasing wage disparity in the industry.
Highlighting questions over India's growth data and emphasizing that they do not reflect in the growth of jobs, it also says the largest number of jobs were generated in the unorganized sector.
Pointing to a decline in rural jobs, the report also says regressive social norms continue to hamper women's participation in the workforce. On an average, women are paid 34% less than similarly qualified male workers for performing the same tasks.
In 2015, 92% of women and 82% of men earned a monthly wage less than Rs 10,000 in India, the report says.
"Despite the rhetoric of job creation and ensuring gender justice, ground reality is sobering. The report draws particular attention to women being left out of the economic growth narrative, a consequence of poor policy choices and lack of investment in social security and infrastructure," Oxfam India CEO Amitabh Behar said.
Highlighting questions over India's growth data and emphasizing that they do not reflect in the growth of jobs, it also says the largest number of jobs were generated in the unorganised sector.
Job generation was adversely impacted, the report says, after demonetization, and hit the women workforce most.
The Oxfam report, however, suggests economic factors can be improved by way of policy interventions. It advocates a shift in development focus towards labour intensive sectors to create more jobs and pushes for better work conditions to make jobs more inclusive.
The report also pushes for substantially higher investments in health and education to improve productivity. (KNN/JM)