The Changing Trends of Factory Employment in Public and Private Sector in India

K. Ramesha
Research Scholar, Department of Economics
Bangalore University, Bengaluru, Karnataka, India
Dr. T. Rajendra Prasad
Professor in Economics, Department of Economics
Bangalore University, Bengaluru, Karnataka, India
Volume 6, Issue 1, December 2017, Pages: 31-39
ISSN: 2319-961X, UGC Approved Journal No. 44192, Impact Factor: 3.104

Abstract

The trends in employment generations in the Indian economy have been sluggish and moving towards downward sloping. As a result the growing labour force has been striving a lot for survival in the job market. The slothful employment creation shifts the bargaining power from the worker to employer due to reduced demand for labour consequently wage level may reduces in the economy. It reduces the aggregate demand and income levels and generates more socio-economic tribulations. This certainly hinders the economic growth and development both in the long-run and short-run. In this background it is very important to examine the trends in the employment levels in the Indian economy. So the present study puts an effort to evaluate the trends in factory employment both in the public and private sectors.

Keywords

Employment generations, labour force, slothful employment, bargaining power and aggregate demand.
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