Formalize India's Unorganized Workforce: ISF Urges Govt

May 23, 2024 17:41

The Indian Staffing Federation (ISF) calls for formalizing India's vast informal workforce, which comprises nearly 85% of the country's workforce and contributes significantly to GDP.

New Delhi, May 23 (PTI) Industry body ISF has urged the government to formalise close to 40 crore informal workforce in the country.

In a statement, the Indian Staffing Federation (ISF) also said India's almost 85 per cent informal workforce generates more than half of the country's GDP.

It requires a structural shift towards formal employment, the ISF said.

"A vision paper of ISF urges for the formalisation of a vast informal workforce of over 400 million in the country, which could be driven through organised staffing companies," it added.

Source: PTI

MORE NEWS

Sensex, Nifty Fall for 3rd Day: Market Selloff

Sensex and Nifty decline for the third straight day, dragged by fag-end selloff. FII...

ACME Solar Appoints KR Thiyagarajan as...

ACME Solar Holdings appoints KR Thiyagarajan as President - EPC. He will lead renewable...

Nestle: India Top 5 Global Markets Soon?

Nestle expects India to be a top 5 global market, driven by macro trends and rural...

Byju Raveendran Gets US Court Relief in $1B...

US court reverses USD 1 billion damages ruling against Byju Raveendran. Details on the...

Nestle: Tech & Consumer Focus for Growth

Nestle India to focus on technology and consumer-centric approach for healthy volume...

AI Powers MIF Manufacturing with Humanoid Robots

Mother India Forming (MIF) transforms manufacturing with AI-powered humanoid &...

SBI MD: Concerns Over Account Aggregator Consent

SBI MD Ashwini Kumar Tewari raises concerns about Account Aggregator's single consent...

Silver Hits Record High on Fed Rate Cut Hopes

Silver futures soar to Rs 1.91 lakh/kg on Fed rate cut expectations. Gold rises. Market...

SpiceJet Adds 100 Daily Flights for Winter Demand

SpiceJet plans to add up to 100 daily flights this winter to meet growing demand and...

2 Lakh Startups Recognised by Govt: Startup India

Government recognizes over 2 lakh startups under Startup India. Incentives, job...

Formalize India's Unorganized Workforce: ISF Urges Govt

You May Like To Read

MORE NEWS