Jobless people will Increase Market

The economy is slowing down . Demand for labor in all industries and services is decreasing . As a result, not until the year 2019 - a quarter of the jobs in the agricultural sector decrease. In this area compared to the current 5.2 million to 3.8 million jobs will remain the same . 1.2 million people in the seven years to go back to farm again . This is contrast to the figures of the past five years . There were 3.7 million job losses in the agricultural sector . The country's leading rating agency Crisil report released on Tuesday it has been claimed .

Period of fiscal 2005 and 2012 was 8.5 per cent economic growth in the country . With sluggish growth of the economy shrinking labor intensive ( use less labor than capital or machines ) in diseased mangy work. Reported in the financial , real estate and business services such as IT and ITES Bakayada example , where labor demand is quite low . These services during the last financial year 2012-13, 19 per cent of gross domestic product , or GDP , while only three per cent of these people were employed population .
Crisil Mukesh Agarwal , head of research and service sector industries , according to people coming to the cultivation of the old trend will be reversed , because the non - agricultural sector will create jobs extremely low . For instance, in manufacturing as production increases, compared to the extremely low employment are growing . Mechanize and automate more processes due to be delivered . Because of the complex labor laws and other forms of capital in the labor rather than machines are being used more and more .
Crisil chief economist DK Joshi, creating jobs in the current environment poses a serious challenge for policy makers . Rapid economic growth if used with the appropriate policies to create jobs in the economy, the speed can be increased . Seeking employment in the manufacturing sector , particularly policy makers need to increase . The textiles , gems and jewelery and leather industries as workers demand more hurdles along the way .