Dynamics of employment growth in Indian economy under world economic slowdown

Present paper examined the trend in employment growth in India under world economic recession. From the data information it can be said that during the world economic slowdown the employment remained significant low in public organized industries. Therefore, more impact of global economic slowdown was remained on employment in public organized sectors than private sector. Besides, total employment in both sectors was decreased before crisis and raised very low rate after crisis due to the world economic slowdown. Moreover, it was found that growth of urban unemployment remained higher under both the usual principal status (UPS) and current weekly status (CWS) approaches but rural unemployment higher under the current daily status (CDS) approach. This possibility indicates higher intermittent or seasonal unemployment in rural than urban areas. Therefore, employment oriented programmes undertaken by the government (e.g. MGNREGA, SGSY, SJSRY) should be strengthened especially by choosing appropriate targets and monitoring these properly. Moreover there is a lack of skilled labour in industrial sector, so the government should take initiative for training workers according to the requirements of small units, village industries and also agro based industries. Besides, the India Government should make efforts that the foreign investment should not come in the sectors which produce only consumer goods that can otherwise be produced to a large extent by labour intensive factories in India.