Issues related to self employment in India i Dominated by agriculture ii Below average ear...........

Economic and Social Issues Human development

Recently there were renewed talks on Self-employment after the data reported by Periodic Labour Force Survey Report.As per ILO, Self-employed workers are those workers who, working on their own account or with one or a few partners or in cooperative, hold the type of jobs defined as a "self- employment jobs." and, in this capacity, have engaged, on a continuous basis, one or more persons to work for them as employee(s).Ministry of Statistics & Programme Implementation has launched a new regular employment-unemployment survey, namely, Periodic Labour Force Survey 2017-18 (PLFS) during April, 2017 with certain changes in survey methodology, data collection mechanism and sampling design the earlier quinquennial (once in every five years) Employment and Unemployment surveys of NSSO. The PLFS has been launched with an objective of measuring quarterly changes of various labour market statistical indicators in urban areas as well as generating annual estimates of these indicators both for rural and urban areas, which can be used for policy making.

Issues related to self employment in India

i Dominated by agriculture

ii Below average earnings

iii Systemic inefficiencies

iv Poor Financial ivestments

Select the correct answer using the code given below

i, ii and iii only

ii, iii and iv only

i, iii and iv only

all of the above

none of the above

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Explanation:

Issues related to self employment in India

•Dominated by agriculture: About 60% of self employed are engaged in agriculture which is less productive and this share is significantly higher in rural areas than urban ones.

•Below average earnings: Most self-employed people in India make very little money. According to PLFS report, the average monthly earnings for all self-employed workers stood at ?8,000 per month, much lower than the average monthly earnings of regular workers.

•Systemic inefficiencies: The jobs market in India is still plagued with systemic inefficiencies and delays mainly in the registration process. Due to this most startups or owner managed enterprises end up becoming a part of the unorganized sector of the economy.