Page 83 - DECO303_INDIAN_ECONOMY_ENGLISH

Indian Economy

Notes being informed about her rights. This reduced the work burden of the cleaner in addition
to paving the way for confidence building. It was also discussed that centres needed to be
set up close to the workplaces. The proximity will help union members to actively get
involved with the women and share their interests and concerns. It was felt that it is
important to provide services like child care to help lessen the burden of the workers. The
struggles have to start with wages and job security and then move beyond those issues to
raising the class consciousness of the workers. These struggles have to gradually move
from the factories to the streets. The conditions for women workers can ultimately improve
only through their participation in the revolutionary movement and only the victory of
the working class can bring their emancipation.
Questions

1. Give your point of view on the case study.
2. Briefly state the method how the status of employment of women can be improved.

Self Assessment

Fill in the blanks:
7. All educated jobless youth between the age of 18 and 35 years on the date of receiving of
request by the concerned …………………… will be qualified for loan under the arrangement
in general with a 10 years relaxation for SC/ST/Ex-servicemen/physically handicapped
and women i.e. up to the age of 45.
8. …………………… arises when workforces find it problematic to change jobs in an industry.
Such as, it may be very challenging for a doctor to retrain to be a dentist.

5.10 Summary

Creating fresh jobs is an essential task and plays a significant role in the economy.
Fall in the financial market hits job market and makes unemployment.

India has the major population of youth in the world with about 66% of the population
under the age of 35, so effect of decreasing financial market is worst in India.
Though education level in the modern years has improved but skill development is still
a vital issue.
In addition to this, poverty, limited access to skill based education, work skill are some of
the main factors that lead to unemployment and underemployment.

During recession, job freezing is the most common occurrence done by hiring companies.
Under such situations there is a greater degree of unemployment.

5.11 Keywords

Agriculture Credit: Any of several credit vehicles used to finance agricultural transactions,
including loans, notes, bills of exchange and banker’s acceptances.
Agriculture: The science, art, or occupation concerned with cultivating land, raising crops, and
feeding, breeding, and raising livestock; farming.
Cropping: Cultivated plants or agricultural produce, such as grain, vegetables, or fruit, considered
as a group.

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