Question

Informalisation of workforce in India has increased various concerns on the front of employment generation among the youth of the country. State and elaborate whether the statement is true/false with valid arguments.

Hint:

Increasing informal employment highlights the need for creating secure, formal job opportunities in the economy.

Answer 1

This statement is True. Informalisation denotes the rise in employment within the informal sector, characterized by a lack of job security, social benefits, and legal safeguards for workers. In India, the informal sector remains the predominant source of employment, particularly in rural regions.Supporting Arguments:
Absence of Social Security: Informal employment lacks provisions such as provident fund, health insurance, or job security.
Underemployment and Low Wages: Jobs in the informal sector typically offer lower remuneration and are associated with disguised unemployment.
Worker Exploitation: The absence of legal protection renders informal workers susceptible to exploitation.
Limited Skill Development: The majority of informal roles are low-skilled, thereby restricting prospects for career progression.
Concern for Employment Generation: Increasing informalisation signifies a deficit of quality employment opportunities for the youth, negatively impacting economic growth and social stability.