Ajit K Ghose has an article in Business Standard on why payroll estimates data does not accurately represent job creation in the Indian economy.
What I found most interesting was that he has listed all the sources of formal employment data in India in this article. It is very rare to find all employment data sources, old and new, in one place. So, I’m noting them down here:
- Monthly estimates of payroll account derived from the database maintained by the Employees’ Provident Fund Organisation.
- Surveys of employment and unemployment conducted by National Sample Survey Organisation (NSSO).
- The Labour Bureau conducted a survey similar to (2) for 2015-16.
- Starting 2017-18, NSSO has launched a periodic labour force survey to produce annual estimates of formal employment in the country.