India is the second most populous country in the world, with over 1.3 billion people. This means that it has a large and diverse workforce, with a significant portion of its population employed. In this article, we will discuss the major portion of the working population in India and its implications for the country and its citizens.
The Working Population in India
India has a large population of working individuals. According to the latest estimates, there are over 478 million people employed in India, making it the second-largest employer in the world. This population is spread across a variety of sectors, including agriculture, manufacturing, services, and other industries. Of these, the agricultural sector employs the most people, with over half of the total workforce. This is followed by the manufacturing sector, which employs around 25% of the workforce. The services sector is the third-largest employer, with close to 20% of the workforce.
Major Portion of Working Population
The majority of the working population in India is in the informal sector. This includes self-employment, casual wage labor, and other occupations that are not formally registered. This informal sector accounts for over 80% of the total workforce in India, and is a major source of employment for the country. The informal sector is characterized by low wages, lack of job security, and poor working conditions. As a result, it is estimated that more than half of the working population in India is living in poverty.
The large informal sector and lack of job security is a major challenge for the Indian economy. It is estimated that only 10% of the working population in India is employed in the formal sector, and this has been a major obstacle in the country’s efforts to create more secure and stable jobs. This has resulted in a large number of people living in poverty, and has hindered the country’s ability to create a more equitable and prosperous society.
In conclusion, the majority of the working population in India is in the informal sector. This has created a number of challenges for the country, including low wages, lack of job security, and poverty. As a result, it is essential for the government to create more formal jobs and ensure that the working population is able to access secure and stable employment. This will help to reduce poverty and create a more equitable society in India.
