Employment And Development In India: A Study In The Era Of Globalization

Abstract

India is the world’s second largest country in the world which is the youngest nation having the largest number of people in the working age group.The employment condition in the country have undergone some imperative changes in response to the hastened growth of the aggregate economy. As we look around we see the vulnerable situation of the informal sector workers represented the total insufficiency of the job security safeguard that formal sector unions are fighting for their rights. Our Indian economy had experienced leading policy changes in early 1990s. The new economic reform, popularly known as, Liberalization, Privatization and Globalization designed at building the Indian economy as fastest mounting economy and that too globally competitive. The leading features of employment and unemployment in India are a sign of those in developing countries and at hand there are little rates of unemployment but much higher levels of poverty. The globalization has brought in new infringe to developing countries. Generously proportioned way in to developed country markets and technology shift hold out assurance improved productivity and higher living standard. Globalization has also alarmed up new challenges like growing inequality across and inside nations, unsteadiness in financial market and environmental issues. Decay is unhelpful feature of globalization is that an enormous mainstream of developing countries stay behind removed from the course. Till the 90’s the progression of globalization of the Indian economy was pocket watch over by the wall of trade and investment liberalization of trade, investment and financial flows initiated in the 90’s has gradually lowered the barriers to competition and hastened the swiftness of globalization. Unemployment is a terrifying problem for both the developed and developing countries. India is one of those developing countries which continue to have the problem of unemployment and underemployment in spite of continuous policy emphasis and programmes to get rid of the problem it is to some point not able to jam up the space of unemployment and underdevelopment. This paper tries to find out the core cause of problems like unemployment in India .It tries to analyse the varying temperament of employment pre and post reform period and also the impact of globalisation on employment and development of India. The present paper explains the augmentation and structural conversion in employment in the extended and small period, through a particular spotlight on the phase from the time when economic liberalisation started. It gauges the employment challenge in its quantitative and qualitative magnitude and examines the forecast of generating productive employment of ample quantity and quality. It concludes with signs of a few broad measures of policy for faster growth of productive and decent employment in India.