Organized and Unorganised Sector
The organized sector refers to the sector in which employment is fixed and regular and the employees are assured of work and job security. It is the sector, which is registered by the government and certain acts are applied to the enterprises and provides security of employment.
The unorganized sector refers to the home-based worker or self-employed worker or wage worker. They are tiny, dispersed units that operate mostly outside the official jurisdiction. This sector is marked by low incomes, unstable and irregular employment, and lack of protection either by legislation or by trade unions.
How to protect workers in the Unorganised Sector?
As the organized sector is not expanding at a rapid speed, a large number of workers are forced to enter the unorganized sector jobs, which pay low salaries. These jobs are not secure and hence have no other benefits. Hence, besides the need for more jobs, there is a need for protection and support of the workers as well in the unorganized sector.
The landless agricultural laborers, the small and marginal farmers, sharecroppers, and artisans, constitute almost 80 percent of rural households. These farmers need to be supported and given incentives by the government in the form of seeds, credit, and so forth.
In urban areas, the unorganized sectors comprise the small-scale industry, casual workers, trade, and transport and need the protection of the government as well. Workers are majorly from scheduled castes, tribes, and backward communities in the unorganized sector and are paid irregular and low salaries and face discrimination as well. Protection and support are hence important in the unorganized sector for economic and social development.
Sectors of Indian Economy
Indian economy is one of the fastest-growing economies of the world and can be broadly divided into the sectors of primary, secondary, and tertiary activities. Tertiary activities are further divided into Quaternary and quinary activities.
Table of Content
- Indian Economy
- Primary Sector
- Secondary Sector
- Tertiary Sector
- Comparing the Three Sectors
- Rising Importance of the Tertiary Sector
- Where are most of the people employed?
- How to create more employment?
- Organized and Unorganised Sector
- Sectors in terms of Ownership
- Major Performing Sectors in India
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