International Journal of Social Science & Economic Research
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Title:
STRUCTURAL AND COMPOSITIONAL CHANGE IN INDIAN LABOUR MARKET: DURING PRE AND POST WTO PERIOD

Authors:
B. R. REBAGAMANG

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B. R. REBAGAMANG
Department of Agricultural Economics and Department of Agriculture Extension Education, College of Agriculture, Raichur University of Agricultural Sciences, Raichur, 584104, Karnataka, India

MLA 8
REBAGAMANG, B. R. "STRUCTURAL AND COMPOSITIONAL CHANGE IN INDIAN LABOUR MARKET: DURING PRE AND POST WTO PERIOD." Int. j. of Social Science and Economic Research, vol. 4, no. 11, Nov. 2019, pp. 6973-6986, ijsser.org/more2019.php?id=527. Accessed Nov. 2019.
APA
REBAGAMANG, B. (2019, November). STRUCTURAL AND COMPOSITIONAL CHANGE IN INDIAN LABOUR MARKET: DURING PRE AND POST WTO PERIOD. Int. j. of Social Science and Economic Research, 4(11), 6973-6986. Retrieved from ijsser.org/more2019.php?id=527
Chicago
REBAGAMANG, B. R. "STRUCTURAL AND COMPOSITIONAL CHANGE IN INDIAN LABOUR MARKET: DURING PRE AND POST WTO PERIOD." Int. j. of Social Science and Economic Research 4, no. 11 (November 2019), 6973-6986. Accessed November, 2019. ijsser.org/more2019.php?id=527.

References
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Abstract:
This paper investigates the structural and compositional changes in the Indian labour market during the pre and post WTO periods. The Indian economy has been growing at unparalleled rates but, it has been characterized by a jobless growth and this paper tries to assess the intensity of output growth on employment through the examination of the employment elasticity. The paper reveals that during the post WTO period there has been a shrinkage in employment opportunities with the employment elasticity showing a 0.017 percent during the post WTO period compared to a 33.55 percent during the pre WTO period. The study also shows that there has been a structural shift from the primary sector to the tertiary sector but, creation of nonagricultural jobs has been a challenge to meet the growing population. While the composition of the Indian labour market has grown during post WTO period, the paper reveals that there has been less workers absorbed in the labour market which has led to an increase in unemployment rates. It is therefore essential to implement good policies to increase agricultural dependent opportunities thus promoting employment in agricultural sector.