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Economics · 2023 · 4 marks
Employment: Growth, Informalisation and Other IssuesInformalisation of Indian Workforce4 marksAnalyseshort answer
CBSE 2023 · Region 1 · Set 1 · Q32
(a) State and elaborate whether the following statement is true or false, with valid arguments: “Indian economy has showed satisfactory progress…
(a)
State and elaborate whether the following statement is true or false, with valid arguments :
“Indian economy has showed satisfactory progress towards formalization of workforce in the recent past.”
OR
(b)
“In India, the self-employed constitute around $\displaystyle 60$% employees. The possible incidence of under employment is the highest among the self-employed.”
As an economist, suggest and elaborate any two measures that may be taken to ensure more productive employment for the self-employed.
Marking-scheme solution
False. As in the recent years, India has witnessed an unprecedented shift of the workforce from the formal sector to informal sector. This may be primarily due to decline in job opportunities in formal (both public and private) sector.
Two measures to ensure more productive employment for the self-employed are:
i. Skill development - Skill development and training will provide people with the required expertise and skills to undertake new ventures.
ii. Financial and technical support by Government - Financial and technical support by government agencies, along with fulfilling the capital requirements will also enhance the productivity of the new production units.
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CBSE Class 12 Economics past-paper question from the 2023 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.