The Importance of Lower-Income Workforce to India’s Economic Growth

1. The Importance of Lower-Income Workforce to India’s Economic Growth The lower-income workforce in India signifies the section of employees who are at the bottom of the organisational pyramid. They are mostly blue-collar workers who are into manual labour or can be entry-level associates who perform office desk jobs. The main aspect that binds these entry-level workers, whether in manual labour or office roles, is discrimination in terms of income and personal well-being. In general, labour supply to industrial and service sectors is ensured by manpower outsourcing companies. The Plight Of The Lower-Income Workforce These entry-level workers are often neglected by the management and are provided meagre wages and salaries which do not suffice their livelihoods. Despite facing a series of discrimination, these workers have a major contribution to the country’s economy.

2. The situation of the lower-income workforce was pathetic during British rule where they were inhumanely treated at workplaces. But the past hundred years witnessed the emergence of multiple forms of employment and their working conditions improved. The post-independence labour reforms in India were set up by Dr. B.R. Ambedkar. He shaped the labour laws where he abandoned the 14-hour workday that plagued the workforce during British rule and transformed a workday into 8 hours. This was a major reform that ensured the work-life balance of the lower-income workers. The Contributions of Lower-Income Workforce In India’s Economic Development India was predominantly an agricultural economy but the scenario is now changing rapidly. Manpower outsourcing companies are focussing on the transition of more labourers into industries. As more blue-collar workers and entry-level associates are entering the industry, the country is slowly progressing in terms of industrialisation, modernisation and overall economic development. As labourers are the ones who perform production, even if they are ignored by the management, their contributions to industrial and economic development cannot be ignored. Without their presence, other production factors like land and capital become non-functional and hence, they are the ultimate production factor. Labour Demand of The Industry: If Satisfied, Can Initiate Economic Progress! As the British left India, the Constitution granted Fundamental Rights to the lower-income groups which improved their salary expectations, working conditions and well-being. Manpower outsourcing companies have delved deeper into creating employment for these groups and putting them in industrial sectors. With the ever-increasing manpower outsourcing services in India, the country’s industrial and service sectors have been experiencing a boost in labour supply. With the demand for labour in these sectors met, the country is progressing on its path of productivity and economic growth.

3. How Lower-Income Workers Can Make India an Elite Developed Nation By 2047? If the present scenario is changed and organisations place the lower-income workers, their needs, salaries and well-being as their top priority, India can stand on par with other developed nations. Remember, a happy and satisfied workforce is a productive workforce. If the lower-income groups are satisfied with their workplace, they will ensure better industrial productivity and can increase the county’s overall GDP (Gross Domestic Product). Then the day of economic success won’t be far when we can expect to see India as a developed nation possibly by 2047.