Describe the employment scenario in the three section of the economy of india in recent years.
Recent years have seen increase in the employment in service sector. Service or tertiary sector has ever grown since the reforms of 1991.Withe opening up of trade and exchange of technology,India has emerged as an IT giant in the world. Coming up of more and more BPO's and KPO's have increased and strengthened our communication and service foundation. Besides the It world,there has been good returns from Travel and Tourism industry.
Secondary sector has also seen increase in employment but the increment is not significant and much lower than the expectations. Inida has remained the importer of capital goods which increse the cost of production and doesnt allow domestic producers to invest in R&D. Moreover,with introduction of more machines,demand for human labor force has gone down.
Primary sector has seen a very low increment and even a fall in employment during the recent years. India being an agrarian economy and most of the population living in villages ha witnessed a shift from agricultural industry to manufacturing industry. There has been a significant movement of people from rural to urban areas in search of jobs.This migration has also lead to ever expanding "informal" sector.