Question:
Which of the following statements characterize(s) the Indian labour market?
Which of the following statements characterize(s) the Indian labour market?
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In the Indian labour market:
- A large portion of the workforce is employed in agriculture and the unorganised sector.
- Gig and contractual employment are increasing due to the rise of flexible work arrangements and technology-based jobs.
Updated On: Apr 20, 2025
- High workforce participation in agriculture
- A predominant formal sector employment
- Increasing Gig and contractual employment
- A dual structure comprising organised and unorganised sector
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Verified By Collegedunia
The Correct Option is A, C, D
Solution and Explanation
Step 1: Analyzing statement (A):
In India, agriculture still employs a significant portion of the workforce, especially in rural areas. Hence, statement (A) is correct.
Step 2: Analyzing statement (B):
While the formal sector in India is growing, it is still not the predominant source of employment. A large portion of the workforce is employed in the informal sector. Hence, statement (B) is incorrect.
Step 3: Analyzing statement (C):
There is a growing trend of gig and contractual employment in India, especially with the rise of the gig economy, tech-based startups, and flexible work arrangements. Hence, statement (C) is correct.
Step 4: Analyzing statement (D):
The Indian labour market exhibits a dual structure with a significant divide between the organised (formal) sector and the unorganised (informal) sector. Hence, statement (D) is correct.
In India, agriculture still employs a significant portion of the workforce, especially in rural areas. Hence, statement (A) is correct.
Step 2: Analyzing statement (B):
While the formal sector in India is growing, it is still not the predominant source of employment. A large portion of the workforce is employed in the informal sector. Hence, statement (B) is incorrect.
Step 3: Analyzing statement (C):
There is a growing trend of gig and contractual employment in India, especially with the rise of the gig economy, tech-based startups, and flexible work arrangements. Hence, statement (C) is correct.
Step 4: Analyzing statement (D):
The Indian labour market exhibits a dual structure with a significant divide between the organised (formal) sector and the unorganised (informal) sector. Hence, statement (D) is correct.
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