It is an unending saga of gross negligence despite the services sector being the main driver of India's growth story; contributes the most to GDP and is arguably the largest employer too

Most successful, industrialised and fast-growing Asian economies like Japan, South Korea, China, and Vietnam followed this model, as did Indonesia, Malaysia, and Thailand. Why can't India?

The CMIE projected that employment in India will decline by 2.5 per cent to 395 million in December quarter of FY21, compared to 405 million in the year ago period

In 2020, most companies \"deprioritised\" their hiring plans amid uncertain economic outlook while industries like travel, hospitality, retail, aviation, real estate, construction and automobile were severely hit

LIC Recruitment 2020: Interested candidates can submit the resume along with the duly filled application form for the post of Management Trainee to Assistant Manager on the official website of LIC

The auto industry recorded a turnover of $15.9 billion during the during the first half of 2020-21 against $26.2 billion in 2019-20, which itself was lower than $29 billion in the same period of 2018-19

As per ILO preliminary estimate, unemployment rate could increase from 4.4 per cent in 2019 to somewhere between 5.2 per cent and 5.7 per cent in 2020

India has assumed the chairmanship of governing body of International Labour Organisation (ILO), with Labour Secretary Apurva Chandra being elected to the post, after a period of 35 years

India has learnt that growth in GDP does not automatically translate into growth in jobs and that GDP growth does not necessarily mean well-being of a vast majority of population. It needs to put these experiences into work and frame appropriate policy responses to the job crisis

Part II of this two-part article looks at more data on the growth of temporary or informal workers in India and how it poses a serious threat not just to the wellbeing of millions of its workers but to the growth prospects of the economy in the long run

The rest of the East Asia and Pacific region was projected to see a 3.5% contraction, the World Bank said

Neither the Wage Code 2019 nor the draft Rules 2020 notified in July 2020 under it links wage to labour productivity, strengthen implementation regime, make minimum wage universal or limit working hours to 8-hour a day to improve the lot of workers

New labour codes severely reduce workers' security by increasing key thresholds for applicability of most protections; contractual employment has been expanded to add to workers' precarity and social protections for unorganised workers are vague

The three labour codes seen together fail to achieve even reasonable balance between enabling of ease of doing business, and protecting & strengthening labour welfare and their rights

Real GDP in advanced economies contracted 11 per cent, while it shrank 14 per cent in E&DEs, excluding China

Global labour income is estimated to have declined by 10.7 per cent or USD 3.5 trillion in the first three quarters of 2020, compared to the same period in 2019

It would be naive to expect agriculture providing jobs to about 43% of the workforce and sustaining 70% of the population living in rural India with a meagre share of 14.5% in national income (GDP) to drive growth, especially when it is going through unprecedented job and income loss

Prior to the onset of the COVID-19 crisis large numbers of women were excluded from the labour market, while the pandemic has made things much worse, says ILO

Contrary to government claims, not a single indicator is encouraging; rather the numbers are so bad that government has stopped releasing industrial output data after April and those that are available for May and June are rather depressing

For years, job crisis has remained unacknowledged and un-remedied; the COVID-19 pandemic worsened it, but the government has no information on job loss or policy response to it, except for a few relief measures