INDIAN-ECONOMY
 " Economy is the Wealth of the Poor
                  and the Wisdom of the Rich.."
OVERVIEW OF INDIAN ECONOMY      EMPLOYMENT
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Agricultural and allied sectors accounted for about 52.1% of the total workforce in 2009–10. While agriculture has faced stagnation in growth, services have seen a steady growth. Of the total workforce, 7% is in the organised sector, two-thirds of which are in the public sector. The Economic development of India is based on the Employment. The NSSO survey estimated that in 2004–05, 8.3% of the population was unemployed, an increase of 2.2% over 1993 levels, with unemployment uniformly higher in urban areas and among women. Growth of labour stagnated at around 2% for the decade between 1994–2005, about the same as that for the preceding decade. Avenues for employment generation have been identified in the IT and travel and tourism sectors, which have been experiencing high annual growth rates of above 9%.

                                                                                                                                                 


 The decline in organised employment due to the decreased role of the public sector Jobs after liberalisation has further underlined the need for focusing on better education and has also put political pressure on further reforms. India's labour regulations are heavy even by developing country standards and analysts have urged the government to abolish or modify them in order to make the environment more conducive for employment generation. The rate of GDP is getting increased. The 11th five-year plan has also identified the need for a congenial environment to be created for employment generation, by reducing the number of permissions and other bureaucratic clearances required.

                                                                                                                                          


Child labour in India is a complex problem that is basically rooted in poverty, coupled with a failure of governmental policy, which has focused on subsidising higher rather than elementary education, as a result benefiting the privileged rather than the poorer sections of society. The economic growth rate is becoming higher which is called as Growth theory. The Indian government is implementing the world's largest child labour elimination program, with primary education targeted for ~250 million.

                                                                                       
In 2009–10, remittances from Indian migrants overseas stood at INR250,000 crore (US$47.5 billion), the highest in the world, but their share in FDI remained low at around 1%. India ranked 133rd on the Ease of Doing Business Index 2010, behind countries such as China (89th), Pakistan (85th), and Nigeria (125th).
 

 

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