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Perspectives

Informal Economy and Vocational Training in India

Author : Sai Balakrishnan, Kaustuv DeBiswas | 2016 |
Published By: Massachusetts Institute of Technology (MIT)

Given the nature of industries experiencing rapid growth in recent years, employment in the organized sector would not grow in any significant manner.The multinationals that have come so far have high capital intensity and low come so far, have high capital intensity and low potential for employment generation. Much of the employment growth in the economy is taking place through the process of subcontracting, use of casual or self‐employed workers. One fall‐out of the continuous neglect of this vital and growing sector of the economy is a complete lack of standards and accountability. The informal services sector is low‐cost and equally low-value.

URL : 20150109042401.pdf

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