India’s employment grew 29% in FY21: Employment Survey

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admin November 9, 2021
Updated 2021/11/09 at 1:28 PM

According to the All-India Quarterly Establishment-based Employment Survey, total employment grew by 29% from the base year of 2013-14, according to a report published on Monday.

However, in the first quarter of the current fiscal year (April-June 2021), 27% of the businesses polled indicated a pandemic-related halt.

The survey, which was published by Labour and Employment Minister Bhupender Yadav, included 10,593 businesses with more than ten employees distributed across nine industries, accounting for 85 percent of overall employment in such businesses.

Overall, 3.08 crore people were employed in the first quarter, up from 2.37 crore in the previous quarter, according to the Sixth Economic Census (2013-2014).

With the exception of commerce and accommodation and restaurants, all industries experienced a rise in employment over the period.

The IT/BPO sector grew at the fastest rate (152 percent), followed by health (77 percent), transportation (68 percent), financial services (48 percent), construction (42 percent), education (39 percent), and manufacturing (39 percent), according to the study (22 percent ).

Manufacturing was found to account for 41% of the businesses, followed by education (22%), and health (22%). (8 percent ).

Mr. Yadav believes the decrease in employment in commerce (25%) and accommodation and restaurants (13%) may be linked to the second wave of the pandemic, which was at its peak during the survey.

The number of women working has also decreased, from 31% in the Sixth Economic Survey to 29% in the first quarter of the quarterly employment survey.

Mr. Yadav explained the significance of the study by saying, “Evidence-based policy formulation and statistics-based implementation is Prime Minister Shri Narendra Modi’s main emphasis.”

He went on to say that this survey, as well as others, done by the Labour Survey on unorganized sectors, will aid policy-making.

Mr. Yadav added that although 27 percent of businesses reported pandemic-related layoffs, the bright side was that 81 percent of employees got full pay during the lockdown (March 25 to June 30, 2020).

Sunil Barthwal, the Labour and Employment Secretary, had previously said that having current data was beneficial to policymakers and that this survey will benefit other government departments and ministries as well.

Mr. Barthwal believes that the survey will benefit the general population by allowing them to concentrate on acquiring skills that are currently missing in the industry.

He said that while the government was developing COVID-19-related social programmes such as the Pradhan Mantri Garib Kalyan Yojana, the only data accessible was from the Employees Provident Fund Organisation and the Employees State Insurance Corporation, or “administrative data.”

“Field surveys for the unorganised sector will begin soon,” Mr. Barthwal added.

The Labour Bureau, in collaboration with Prof. S.P. Mukherjee’s expert group for all-India surveys, is conducting surveys on migrant workers and domestic workers.

These polls, according to a senior Ministry official, will be important in policymaking in general and in the formulation of a “national employment strategy” in the near future.

 

Source: The Hindu

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