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The paradoxical feature of a positive GDP growth rate along with unfavourable employment trends have been one of the most pressing contemporary concerns related to the opening up of the Indian economy. This monograph seeks to provide a thorough analysis of the current situation of the Indian labour market in terms of its composition across different segments, sectors, regions and gender. It includes detailed analysis of unemployed and underemployed labour force and even those who are not in the labour force. The industry perspective on issues of employment is also captured through a primary survey of select industries in the manufacturing and emerging sectors.