Growth of economy accelerates employment: Dr Bhalla

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Hyderabad, Dec 15 (UNI) The growth rate of employment has accelerated in the country in response to higher growth of economy in the country, Indian Society of Labour Economics President Dr G S Bhalla said today.

Speaking on the occasion of the 49th Annual Conference of the Indian Society of Labour Economics here, he said as many as 60 million new jobs were created in India between 1999-00 and 2004-05.

Dr Bhalla said in terms of social security and other amenities, the quality of employment remained very poor for a many of workers and their work conditions seemed to deteriorate.

Despite a large influx of new entrants, productivity per worker tended to rise in almost all the major sectors of the economy except in construction, he said, adding increased productivity resulted in reduction of poverty in both rural and urban areas.

Though the number of workers in organised manufacturing sector hovered around 5-7 million, total organised sector employment had increased to 62.6 million in 2004-05, he said.

But the flip side, a major proportion of the increase in employment was in self-employment, he said, expressing concern that although the organised sector was able to increase employment by 8.6 million. But this increase led to informal employment.

The increase of about 60 million workers was accounted for by the increase in the number of unorganised workers, he said, adding, not because of the large increase in informal jobs in informal sector but because of informal jobs in the organised sector.

UNI

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