How should we go about it?

♤ Stress on creation of high-productivity high- paying jobs (more under ‘job creation’)

♤ Build synergies between different sectors of economy, by inter-Ministries’ coordination.

♤ Ensure employability by addressing skill- mismatch, formal skill training and re-training.

♤ Improve women’s participation in the economy, in line with SDG 5 on Gender Equality.

♤ Slow transition of informal sector into the formal economy, to avoid downsides of formalization process.

Devising a National Employment Policy would go a long way in ensuring coherent and converging actions for formalization of Indian economy.

1.3. Sector Wise Employment in India

SECTOR-WISE EMPLOYMENT: NSSO

As per Employment-Unemployment Survey (by NSSO) of 2011-12 (latest available), total workforce employed stands at 47.36 crore; with 23.16 crore in agriculture and 24.2 crore in industry and services.