Thursday, December 10, 2009

Indian Employment

· Unemployment Rate- 7.2%
· Labor Force Participation: 45.60%
Women- 47.7%
Men-53.3%
Data derived from: Exxun, UN and CIA World Fact Book

Agriculture is the biggest practice in India based on population. But almost 60% of the labor force is focused on agriculture. (CIA World Fact Book) These jobs are mostly unskilled only dealing with caring for crops and most farmers are only self sustaining farmers. But there is a growing trend in the new people entering the labor force. Doctors and software engineering has become common jobs wanted within the labor force. Do the growing industries in India such as health care. The labor force is primarily made up of males but there have been a growing number of females entering the workforce. (UN) India is currently experiencing frictional unemployment because they are just experiencing small fluctuations of the unemployment which means they are only shifting off the natural rate of unemployment by small amounts. In India there is a set minimum wage. The only problem with this system is that is very complex there are over 60 different sectors that have different minimum wages. These include agriculture, cinema industry, cement pipe making and almost any other job imaginable. These minimum wages are enforced by the Indian government. (Pay Check)

"Minimum Wages in Punjab." Paycheck.in. N.p., 12 Nov. 2009. Web. 2 Dec.2009. .

“Reserve Bank of India. Reserve Bank of India, n.d. Web. 2 Dec. 2009. .

"India." Exxun. N.p., 29 Nov. 2009. Web. 9 Dec. 2009. .

Lim, Lin Lean. "FEMALE LABOUR-FORCE PARTICIPATION." United Nations. United Nations, n.d. Web. 9 Dec. 2009. .

"India." CIA World Fact Book. Central Intelligence Agency, 11 Nov. 2009. Web. 22 Nov. 2009. .

1 comment:

  1. This reminds me of part of why Morocco has problems with growing. Most of Morocco's labor force involves agriculture, as does India's. I believe if India focus' on implementing new policies to gradually reduce the amount of farmers and increase the amount of jobs in other aspects of occupations. India should give it's people incentives to get an education, which would probably allow them to achieve a more profitable job than farming.

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