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Employment in India (CSO Data (Informal sector: (Half are self employed in…
Employment in India
CSO Data
Report:"Payroll Reporting in India: An Employment Perspective-April 2018"-->claims Economy added 4.1m jobs in formal sector
CS0 defines jobs as the ones that provide at least 1 Govt. financed (or mandated) social security benefit such as EPF, NPS, ESIC.
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Informal sector:
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Under employmentt, diguised unemployment prevails
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Organisation employs 20 workers-->EPFO mandatory
So if previously 19 workers amd now 20. Addition is just 1 but counted as 20
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Pre GST: EPF evasion ny employers
Post GST: led to increase in formal employemnt--> previous informal sector ones could have been counted in formal sector
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Govt incentivised to contribute to social security for 3 years.
To seize opportunity, enrolment and hence shift from informal to formal might have occured
Employment-Unemployment Survey, NSSO
Since 1972, 5-yearly EUS conducted
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