Changing Dimensions of Employment During Pre and Post 1991 Period
DOI:
https://doi.org/10.31305/rrijm.2026.v11.n07.003Keywords:
Employment growth, Pre and post reform period, Unemployment rate, Sectroral distribution of employmentAbstract
Employment generation is one of the priorities of any economy in order to achieve desired growth rate. The stage of full employment of all the capital and labour resources was termed as Golden age by Joan Robinson. Also, Harrod states in his model that actual growth rate needs to be equal to warranted and natural growth rate to achieve stable equilibrium stage in the economy. In a developing economy like India with more than 60 per cent of its population under working age groups, the faster and quantitative employment generation is the need of the hour. According to a UN report, India will be the youngest nation by 2020 with average age of 29 years. Therefore, to provide employment opportunities for this budding young workforce in both an opportunity and challenge for India. This requires a rapid and diversified economic growth the reality check even after more than 6 decades of independence show that the condition is skill grim. A majority of the population is unskilled and is engaged in informal sector. This results in low level of income and poor working conditions in addition to no social security.
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