INDIAN LABOUR MARKET
Group Members
B-09 ARBAAZ FAROOQUI B-18 SNEHA PANICKER B-26 MONIKA SHARMA B-29 MOHIT SONAR
DefinitionDefinition
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.”
FEATURESFEATURES
• Local Market
• Imperfect Market
• Relationship between buyer and seller is not Impersonal
• Comparatively Immobile
• Better bargaining strength of Employers
AGRICULTURAL LABOUR AGRICULTURAL LABOUR MARKETMARKET
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.”
FEATURESFEATURES
• Low Wages
• Unfavourable Working Conditions
• Discrimination against Female Labour
• High Incidence of Child Labour
INDUSTRIAL LABOUR INDUSTRIAL LABOUR MARKETMARKET
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.
FEATURESFEATURES
• Migratory Character
• Increasing Stability
• Organised Labour in large Industries
• Shift from Household Industry to Non-Household Industry
TERTIARY LABOUR MARKETTERTIARY LABOUR MARKET
Tertiary Labour Market includes workers employed in the following 3 sectors:
• Trade & Commerce
• Transport, Storage & Communication
• Other Services
FEATURESFEATURES
• Migratory 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 ECONOMIC REFORMS AND Labour market in Indiamarket in India
• Economic 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