Formal-sector employment grew by 2 lakhs in July- Sept 2021

Manufacturing sector remains the biggest employer in India

0
1515

The Labour Bureau has released the quarterly employment survey (QES) for the July-September 2021 quarter. The survey findings regarding the employment in the second quarter of 2021 point in a positive direction. Union Labour and Employment Minister Bhupendra Yadav said that formal employment in nine organised sectors witnessed an increment by two lakhs from the first quarter to second quarter in 2021.

The nine key sectors covered by the QES are manufacturing, construction, trade, transport, education, health, accommodation and restaurant, IT / BPO and financial services.

It is estimated that about 31 million people were employed in total in the July-September 2021 period in these nine sectors.

A total of 11,500 companies were surveyed by the Labour Bureau to come up with the report.

As per the report, the total employment in the aforementioned nine sectors came out to be 3.10 crores. Women’s participation in the workforce has also strongly increased, going from 29.3 per cent to 32.1 per cent.

Out of the nine aforementioned sectors, the manufacturing sector is the biggest employer in India, accounting for a 39 per cent share in the total employment.

Education accounts for 22 per cent of the employment, while IT/BPOs and health both account for 10 per cent, trade 5.3 per cent, and transport 4.6 per cent of the employed population.

The QES also reveals that the workforce was dominated by blue-collar workers. About 28.4 per cent workers employed with seven of the nine sectors had passed Class 10 or lower classes.

Manufacturing sector remains the biggest employer in India

The Labour Bureau has released the quarterly employment survey (QES) for the July-September 2021 quarter. The survey findings regarding the employment in the second quarter of 2021 point in a positive direction. Union Labour and Employment Minister Bhupendra Yadav said that formal employment in nine organised sectors witnessed an increment by two lakhs from the first quarter to second quarter in 2021.

The nine key sectors covered by the QES are manufacturing, construction, trade, transport, education, health, accommodation and restaurant, IT / BPO and financial services.

It is estimated that about 31 million people were employed in total in the July-September 2021 period in these nine sectors.

A total of 11,500 companies were surveyed by the Labour Bureau to come up with the report.

As per the report, the total employment in the aforementioned nine sectors came out to be 3.10 crores. Women’s participation in the workforce has also strongly increased, going from 29.3 per cent to 32.1 per cent.

Out of the nine aforementioned sectors, the manufacturing sector is the biggest employer in India, accounting for a 39 per cent share in the total employment.

Education accounts for 22 per cent of the employment, while IT/BPOs and health both account for 10 per cent, trade 5.3 per cent, and transport 4.6 per cent of the employed population.

The QES also reveals that the workforce was dominated by blue-collar workers. About 28.4 per cent workers employed with seven of the nine sectors had passed Class 10 or lower grades.

Comment on the Article

Please enter your comment!
Please enter your name here

four × 3 =