Impact of Global Economic Crisis on Employment Perspective and Labour Policy in India

Abstract

The generation of productive and, gainful employment, with decent working conditions, on a sufficient scale to absorb our growing labour force is crucial for economic growth. If the economy faces an economic crisis in the form of Global economic crisis that surfaced in the recent past this becomes the most important tool for countering it. The problem is accentuated by the fact that even the relatively higher rate of growth achieved during the last fifteen years or so is not seen to generate a sufficient volume of good quality employment.