Economics PPT

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Transcript of Economics PPT

  • INDIAN LABOUR MARKET

    Group Members

    B-09 ARBAAZ FAROOQUI B-18 SNEHA PANICKER B-26 MONIKA SHARMA B-29 MOHIT SONAR

  • Definition Labour market can be defined as,

    a process by which supplies of a particular type of labour and demand for that type of labour balance or seek to obtain a balance.

  • FEATURESLocal Market

    Imperfect Market

    Relationship between buyer and seller is not Impersonal

    Comparatively Immobile

    Better bargaining strength of Employers

  • TYPES OF INDIAN LABOUR MARKETAgricultural

    Industrial

    Tertiary

  • AGRICULTURAL LABOUR MARKET Definition: All those persons who derive a major part of their income as payment for work performed on the farms of others, can be called Agricultural workers.

  • FEATURESLow Wages

    Unfavourable Working Conditions

    Discrimination against Female Labour

    High Incidence of Child Labour

  • INDUSTRIAL LABOUR MARKET

    Due to the setting up of large industries across the length and breadth of the country, workers were employed in the secondary sector (manufacturing, processing, servicing, etc)which gave rise to Industrial Labour Market.

  • FEATURESMigratory Character

    Increasing Stability

    Organised Labour in large Industries

    Shift from Household Industry to Non-Household Industry

  • TERTIARY LABOUR MARKETTertiary Labour Market includes workers employed in the following 3 sectors:

    Trade & Commerce

    Transport, Storage & Communication

    Other Services

  • FEATURESMigratory Nature

    Large number of workers in the Informal sector (domestic Services, helpers in shops, street vendors, etc)

    Lack of Social Security of Service

    Under-employment

  • ECONOMIC REFORMS AND Labour market in IndiaEconomic reforms and employment

    Exit policy, VRS and Redundancies

    Increase in the share of contractual and casual workers

    The move towards low paid, low quality jobs

    FDI and labour market

  • THANK YOU!