Contents

1. Work and Employment 20

1.1. Nature of Employment in India 20

1.2. Formalization of Indian Economy 21

1.3. Sector Wise Employment in India 22

2. Unemployment 22

2.1. Types of Unemployment 22

2.2. Nature of Unemployment in India 24

2.3. Measuring Unemployment 24

2.4. Unemployment Rate 26

2.5. Labour Force Participation Rate 26

2.6. Women’s Participation in the Labour Force 26

2.7. Reasons for Unemployment 27

2.8. Consequences of Unemployment 28

2.9. Steps Taken by the Government to Tackle Unemployment 28

3. Relationship between Unemployment and Inflation Rate 29

4. Potential Sectors for Employment Generation 29