News: Urban development, labor flexibility key to job growth

Talent Acquisition

Urban development, labor flexibility key to job growth

According to the 'World Development Report 2013: Jobs' part time work is on the rise in India. It states that the share of informal workers in organised firms is up from 32 percent in 2000 to 68 percent in 2010. The report said with the working age population increasing by seven million people each year in India, accelerating urban development and increasing labor flexibility are key to creating jobs in more productive activities, thus sustaining growth and reducing poverty. The report also emphasized the need for India to stay within the efficiency "plateau" of labor laws where labor policies are not too stringent and allow the creation of more wage employment, especially in cities and in activities connected to global markets.

According to the 'World Development Report 2013: Jobs' part time work is on the rise in India. It states that the share of informal workers in organised firms is up from 32 percent in 2000 to 68 percent in 2010. The report said with the working age population increasing by seven million people each year in India, accelerating urban development and increasing labor flexibility are key to creating jobs in more productive activities, thus sustaining growth and reducing poverty. The report also emphasized the need for India to stay within the efficiency "plateau" of labor laws where labor policies are not too stringent and allow the creation of more wage employment, especially in cities and in activities connected to global markets.

Source: The Financial Express

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Topics: Talent Acquisition, #Updates, #Jobs

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