Labor

India has one of the world’s biggest labor markets. With over 500 million people, the workforce is young, with a considerable share under 30, presenting the potential for a demographic dividend if properly tapped (Chatterjee & Dev, 2023). Agriculture traditionally employed a large section of the workforce. However, recent development has favored the services and industrial industries (Arora et al., 2020). IT and software services, BPO, healthcare, education, tourism, and other knowledge-based businesses drive India’s economy. Manufacturing includes textiles, autos, electronics, and medicines. “Make in India” (Misra, 2022), promotes indigenous manufacturing and employment creation.

India’s unregulated informal sector is remarkable. This section needs help with job security, social security, and working conditions. However, India’s competent workforce in IT, software development, engineering, healthcare, and other disciplines helps it succeed in the global services economy (Singh & Pattanaik, 2020). Unemployment, particularly among the educated young, persists (Vyas, 2020). The government prioritizes job development and workforce expansion. Despite gender inequities, female labor force participation in India has increased.

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