Managerial roles waning in formal manufacturing sector, shows ASI data

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The story "Managerial roles waning in formal manufacturing sector, shows ASI data" was covered 2 weeks ago by Business Standard, a news publisher based in India.

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Managerial roles waning in formal manufacturing sector, shows ASI data - Business Standard

Quick Summary:

While workers are needed to produce and operate machinery, supervisors are no longer required for them,” he adds.

Correspondingly, the share of people employed as ‘workers’ has increased to 79.03 per cent from 77.15 per cent over the same period.

Besides, the increasing trend of contractualisation and outsourcing by producers as a measure to cut input costs implies that many managerial and supervisory roles no longer exist.