IMPACT OF GLOBALIZATION OF EMPLOYMENT IN FORMAL AND INFORMAL SECTORS IN INDIA

Abstract

This paper attempts to reveal the impact of globalization on employment in formal and informal sectors of the Indian economy. There has been resistance to policies endorsing globalization from trade unionists and industrialists seeking protection from competition. In contrast, others feel that globalization in its current form is inevitable, and the economy needs to mould itself for impending changes. The formal sector has been affected by changes in. labour laws, while workers in the informal sector feel threatened by impermanence and the unstable nature of employment that is associated with globalization. Registration of all employees, however short their period of employment, can act as a means to document the contribution of the labour force in ephemeral employment.