India's Workforce Still Largely Informal After Reforms

Business Standard · business

Thirty-five years after economic liberalisation, India's workforce continues to be dominated by informal and contractual employment. Weak manufacturing growth, the prevalence of small firms, and skill gaps are identified as key constraints hindering the creation of formal job opportunities. This persistent informality impacts worker security and economic development, highlighting ongoing challenges in achieving widespread formalisation across the country's labour market.