Counting formal jobs in India

Two recent studies suggest organised sector has been an impressive job-creator but the validity of these estimates is open to question

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labour story table 2

Ajit K Ghose

Last Updated : Feb 12 2018 | 5:57 AM IST

There is a widely-held view that India’s rapid economic growth has been failing to bring about rapid improvement in employment conditions mainly because the organised sector, which has been leading the growth process in India’s dual economy, has been a rather poor performer in terms of job creation.

Two recent studies — Ghosh and Ghosh (i), and The Economic Survey 2018 — question this view and present new estimates of formal employment, based on EFPO/ESIC/NPS (Employees’ Provident Fund Organisation/Employees State Insurance Corporation/National Pension Scheme) data to show that the organised sector has been an impressive job-creator.

If these estimates

Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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