Context
The disjuncture between the growth of the corporate sector and declining businesses in the unorganized sector presents the stark reality which is engulfing India’s unorganized sector.
About
Difference Between Organized and unorganized Sector:
Organized Sector |
Unorganized Sector |
It is a sector where the employment terms are fixed and regular, and the employees get assured work. |
The unorganized sector is characterized by small and scattered units, which are largely outside the control of the government. |
The job is regular and has fixed working hours. If people work more, they get paid for overtime by the employer. |
Jobs are low-paid and often not regular. |
Workers enjoy the security of employment. |
Employment is not secure. People can be asked to leave without any reason. |
Examples: Government employees, registered industrial workers, etc. |
Examples: Shopkeeping, Farming, Domestic work, etc. |
Some statistics:
Unorganized/Informal sector in India
|
Are all the sectors ‘really’ doing well? (Government Argument)
Does the entire unorganized sector is declining?
What are the issues?
Concerns
Need to be done:
Verifying, please be patient.