Experts’ take on growth trickling down in India’s informal sector

India’s listed staffing companies like Info Edge, TeamLease Services, and Quess Corp are reporting strong hiring -- levels not seen in 15 years. But what’s the larger employment picture for the economy? Is it all a formal sector gain, thanks to the k-shaped recovery? Is growth trickling down to the informal sector and reflecting in informal sector employment? What’s the picture going forward? To discuss this and more, CNBC-TV18's Latha Venkatesh spoke to Mahesh Vyas, MD & CEO of CMIE; Amit Basole, Associate Professor-Economics at Azim Premji University; and Vidhya Soundararajan, Assistant Professor-Economics at IIT Bombay.

Vyas said, “There is a great demand for labour in many sectors. The biggest, of course, is the IT sector which has been craving for labour and in a very big way. The only problem is that this demand is not enough to cover the hole that we created in 2021. To say that there’s a big increase in the demand for labour is not a miss, but not the complete (picture).”

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