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Journalism of Courage
The labour force in India is projected to grow by 1.89 per cent annually with over nine million additions every year but improvement in employment situation in formal private sector is likely to remain minimal, according to the latest International Labour Organisation report on Wednesday.
Even though employment growth in the formal private sector averaged 1.3 per cent a year in the 1990s—compared with 0.2 per cent in the the public sector—its ability to generate employment for the 9.3 million people who enter the labour force every year is likely to be minimal, International Labour Organisation’s Global Employment Trends report said.
