Economic survey 2024: Total workforce self-employed stands at 57/3%, while 18.3% work as unpaid workers
economic Survey 2024 tabled by Union Finance Minister Nirmala Sitharaman, revealed the job scenario in India and the steps government plans to take to meet the demands.
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Current state of employment in India
As per the survey, In terms of employment status of workers, 57.3 per cent of the total workforce is self-employed, and 18.3 per cent is working as unpaid workers in household enterprises. Casual labour comprises 21.8 per cent of the total workforce and regular wage/salaried workers are 20.9 per cent of the total workforce. Gender-wise, it is the female workforce, which is shifting to self-employment, while the male workforce’s share has been stable. This is evident in the sharp rise in female LFPR in the past six years (discussed in later in this chapter), driven by rural women joining agriculture and related activities.
On the current situation of jobs in India, the survey says that India has witnessed a notable transformation in its employment landscape, marked by several positive trends contributing to economic growth and social development in the last decade.
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