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Economics · 2025 · 6 marks
Employment: Growth, Informalisation and Other IssuesParticipation of People in Employment6 marksUnderstandlong answer
CBSE 2025 · Region 4 · Set 1 · Q34
Read the following text carefully: Indian labour market indicators have improved in the last six years, as per the Periodic Labour Force Survey Data.…
Read the following text carefully :
Indian labour market indicators have improved in the last six years, as per the Periodic Labour Force Survey Data. The unemployment rate has fallen to $\displaystyle 3$·$\displaystyle 2$% in $\displaystyle 2022$ – 23. Rising youth and female participation in the workforce present an opportunity to tap the demographic and gender dividend. The factory employment data exhibits the bounce back of the organised manufacturing sector in FY $\displaystyle 2022$ – $\displaystyle 23$ with rise in employment and the upscaling of factories.
The net payroll additions under EPFO have more than doubled in the past five years, signalling healthy growth in formal employment.
To generate and sustain quality employment, agro-processing and care economy are two promising candidates.
On the basis of the given text and common understanding, answer the following questions :
(a)
State any one significance of rising youth and female participation in the Indian workforce.
(b)
Identify any two sectors which may be highlighted as promising for generating quality employment in India.
(c)
Elaborate the meaning of disguised unemployment with the help of a suitable example.
Marking-scheme solution
(a)
Rising youth and female participation in the Indian workforce can provide an opportunity to tap the demographic and gender dividend.
(b)
The two sectors which may be highlighted as promising for generating quality employment in India are:
agro-processing
care economy.
(c)
Disguised unemployment refers to a situation when the person seems to be employed but is not contributing to the output i.e., his marginal productivity is zero.
For example, suppose a farmer with four acres of land and two workers can produce $\displaystyle 100$ quintals of wheat. Even if he employs one more worker, the total output remains unchanged. Hence, the contribution made by the additional worker to the total output is zero and thus can be said to be in a situation of disguised unemployment.
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