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UPDATE

REPORT REPORT
53 thousand casual jobs lost in World Bank

Jan-March projects 7.3%

Casual workers remained the most representing an increase in regular and growth in 2018
affected post-demonetisation, with as contractual jobs by 19,000 and 16,000, India’s growth rate in 2018 is projected
many as 53 thousand workers losing respectively. But, casual jobs slipped
to hit 7.3% and 7.5% in the next two
their jobs in 8 select sector during the by 7,000. In construction sector,
first three months of 2017, according employment surged by 2,000, pointing years, according to the World Bank,
which said the country has “enormous
to a Labour Bureau survey on that regular employees number
December 30, 2017. However, the increased by 19,000. But, the number growth potential” compared to other
emerging economies with the
overall jobs situation improved in of contractual and casual workers
implementation of comprehensive
sectors like manufacturing and IT as declined by 8,000 and 9,000,
employment increased by 1.85 lakh respectively. reforms. India is estimated to have
grown at 6.7% in 2017 despite initial
during the January–March period In trade sector, jobs increased by
setbacks from demonetisation and the
across eight sectors at all India level. 28,000, indicating that regular and
The study shows that over the contractual workers increased by Goods and Services Tax (GST),
according to the 2018 Global
last quarter, there were positive 21,000 and 10,000, respectively. But,
changes across all the 8 sectors— causal employment declined by 3,000. Economics Prospect released by the
Manufacturing (1.02 lakh), Health In transport sector, employment World Bank in Washington on January
(31,000), Trade (29,000), IT/BPO surged by 3,000, showing that there 10, 2018.
(13,000), Transport (3,000), was increase in regular jobs by 9,000. India’s economy is likely to grow
Accommodation & Restaurant (3,000), But, contractual and casual jobs were 7.3% in 2018 and then accelerate to
Construction (2,000) and Education declined by 1,000 and 5,000, respectively. 7.5% in the next two years, the bank
(2,000). In accommodation & restaurant said. China grew at 6.8% in 2017, 0.1%
Out of the total estimated change sector, employment rose by 3,000, more than that of India, while in 2018,
in employment of 1.85 lakh, female representing that regular and casual its growth rate is projected at 6.4%.
workers accounted for a change of (+) jobs increased by 5,000 and 1,000, And in the next two years, the
59,000 and male workers accounted for respectively. But, contractual class country’s growth rate will drop
a change of (+)1.26 lakh. The self declined by 3,000. In IT/BPO sector, marginally to 6.3 and 6.2%, respectively.
employed segment experienced a employment surged by 13,000, There are measures underway to
positive change of 15,000 and showing that regular and contractual do in terms of non-performing loans
employees experienced a positive jobs rose by 12,000 and 1,000, and productivity, the bank said. “On
change of 1.70 lakh. respectively, whereas no change was the productivity side, India has
In manufacturing sector, observed in casual jobs. In education enormous potential with respect to
employment increased by 92,000, sector, employment increased by secondary education completion rate.
showing rise in number of regular and 1,000, indicating that regular jobs were All in all, improved labour market
contractual workers by 66,000 and advanced by 46,000. But, contractual reforms, education and health reforms
48,000, respectively, whereas casual and casual employment declined by as well as relaxing investment
workers declined by 22,000. In health 37,000 and 8,000, respectively, over bottleneck will help improve India’s
sector too employment rose by 28,000, previous quarter. prospects,” said the bank.
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