India’s labour market remains under stress, primarily because of a fall in the employment rate in rural India and continued low employment rate in urban India, the Centre for Monitoring In dian Economy said. The falling employment rate in rural India and the continued low employment rate in urban India are the weaknesses in India’s labour market recovery process,said the independent think tank in its weekly analysis. Given that rural India has a much larger weight in all-India estimates, it is imperative that its employment rate stops falling any further, it added. According to CMIE, keeping the employment rate from slipping is challenging. To merely keep the employment rate unchanged, the economy has to generate additional jobs. It needs to run to stay where it is, it suggested.
