Labor Market in India
Labor Market in India
In India the absorption rate of skilled labour force is also very poor. A huge number of
technically educated youths after completing their technical education like engineering,
vocational courses etc. are finding it difficult to get themselves absorbed in the secondary sector,
leading to a huge problem educated unemployment in India.
Problem # 4. Imperfections:
Labour market in India is also suffering from some imperfections such as lack of adequate
information regarding jobs, lack of suitable agency for the proper utilisation of labour force,
child labour practices, lack of proper manpower planning etc. Such imperfections have been
resulting in various hurdles in the path of absorption of labour force smoothly.
Problem # 7. Unemployment:
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Labour market is also facing a serious problem of unemployment. A huge number of work forces
of our country remain partially or wholly unemployed throughout the year or some part of the
season. This has led to the problems like disguised unemployment, seasonal unemployment,
general unemployment and educated unemployment.
Moreover, due to the policy of downsizing followed both in public and private sector and also in
government administration and services sector, the problem of unemployment is becoming much
more acute. This has also been putting much pressure on the labour market of the country.
We have seen that the labour market in India has been suffering from the aforesaid serious
problems. Thus the Government should chalk out proper policy for bringing necessary reforms in
the labour market for the greater interest of the country as well as for the interest of labour force
(both working and non-working) in general.