Published Paper Details:

The phenomenon of economic development is a composite of several, factors, which may not necessary have economic connotations; The contribution of human resource to economic growth of any country cannot be overemphasized, especially in a country like India which is still reeling under the pressures of its mammoth population and limited capital resource. The Indian economy can well be studied in two distinct sectors, organized and unorganized (informal). The widespread informal sector in the country is a major contributor to its development but at the same time it is plagued by several problems such as no proper service rules, no wage rules and no possibilities of career advancement. Another notable fact is that as many as 94% of total women workers work in the informal sector in India but they have to face gender discrimination which is almost inexistent in formal sector. Besides, their contribution in terms of income generation turns out to be less than their male counterparts, which means almost half of the population, contribute to less than to half the national income. The present paper aims at understanding this lopsided utilization of human capital and its fall outs.