Unemployment to stay at 3.5% in India, but 77% of jobs vulnerable: ILO

[TheLastGreatMan]

ILO noted that informality affects around 90 per cent of workers in India, Bangladesh, Cambodia and NepalILO noted that informality affects around 90 per cent of workers in India, Bangladesh, Cambodia and Nepal

The International Labour Organisation (ILO) has predicted that India’s unemployment rate in 2018 will stay at 3.5 per cent, while China’s would edge up from 4.7 per cent to 4.8 per cent. However, a worrying 77 per cent of employment in India would remain “vulnerable” against just 33 per cent in China.

Noting that informality affects around 90 per cent of workers in India, Bangladesh, Cambodia and Nepal, the report says this is only partially driven by the high shares of employment in agriculture. Informality in these countries also remains pervasive in the non-agriculture sectors, such as construction, wholesale and retail trade, and accommodation and food services. In India, the share of informal employment has risen within almost all manufacturing industries, the report observed, attributing it partly to labour market rigidities preventing modern manufacturing from creating employment opportunities

https://timesofindia.indiatimes.com...-jobs-vulnerable-ilo/articleshow/65229161.cms

https://www.ilo.org/wcmsp5/groups/p...---publ/documents/publication/wcms_615594.pdf


Even though it's worrying sign about 77% vulnerability most of them are in agriculture its been like that for decades now.