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The Indian labour market is a dynamic ecosystem, continually shaped by evolving trends in construction, manufacturing, and services sectors. Let's delve into the intricacies of each sector, deciphering employment trends and forecasting future landscapes.

Construction Sector:

• The construction sector has been a key contributor to employment growth, particularly in areas like building construction and infrastructure development.
• Notably, employment surged in construction activities such as building completion, roads, railways, and utility projects.
• However, concerns arise regarding the quality of employment, with a significant portion falling under casual and irregular categories.
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Manufacturing Sector:

• Manufacturing subsectors like apparel, metal products, and furniture witnessed substantial employment growth.
• Traditional manufacturing segments saw a decline, possibly due to technological advancements or shifts in consumer demand.
• Noteworthy employment generators in organized factory settings include motor vehicle parts, plastic products, and pharmaceuticals.
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Services Sector:

• The services sector experienced significant growth in areas like education, healthcare, and retail.
• Emerging subsectors like software publishing and consultancy created opportunities for regular and self-employment.
• Rapid technological changes and climate-related challenges pose both opportunities and concerns for the labour market.
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Emerging Trends:

• The workforce is gradually aligning with emerging sectors, leveraging advancements in technology and climate-friendly initiatives.
• New technologies, including artificial intelligence, present transformative possibilities for employment.
• The digitalization wave is reshaping work dynamics, fostering gig economy opportunities alongside disparities in digital access and skills.

As India navigates through the complexities of its labour market, harnessing the potential of emerging sectors while addressing inherent challenges will be crucial for sustainable growth and inclusive development. Stay tuned as we explore further insights into India's evolving employment landscape.

Source: ILO Report 2024