Division of Sectors

The organised sector is characterized by regular terms of employment, mandatory registration with the government, and mandatory adherence to laws and rules like the Minimum Wages Act. The unorganised sector is characterized by a lack of government control, non-adherence to rules and regulations, and unsecured employment. Many organized sector firms trespass into the unorganized setup to avoid specific legal frameworks and taxes. Job loss in the organised sector is also pushing many workers to the low-paying unorganised sector. Many workers from the vulnerable sections like the Scheduled Castes, Scheduled Tribes, etc. find themselves working in the unorganised sector

Issues with workers in the Unorganised Sector

It is ordinary to discover many communal area ventures in the disorderly area. They embrace such procedures to avoid charges and refuse to go with the laws that secure workers

As a result, a large number of workers are forced to enter the unorganised sector jobs and face various issues such as:

• Often they are exploited and not paid a fair wage
• Their earnings are low and not regular
• They don’t have secure jobs or any other benefits
• Social discrimination is faced by vulnerable groups such as Scheduled castes, tribes, and backward communities in the unorganised sector

Hence, protection and support to the unorganised sector workers are required to develop economic and social development.

Sectors in terms of Ownership

Public and Private Sectors

• The public sector is characterized by government ownership of most assets and provides all the services—for example, Railways, post offices
• On the contrary, the Private sector is characterized by private ownership of assets and delivery of services by private individuals or companies
• For example, Tata Iron and Steel Company Limited (TISCO), Reliance Industries Limited (RIL)

A general analysis of the Indian scenario is as follows-

• Goods and services in the private sector are provided with a profit motive
• Hence this sector does not provide certain essential services due to high costs and operational difficulties
• Government imparts certain benefits like building streets, spans, rail lines, harbours, producing power, giving water systems through dams, and making them reasonable and available to everybody 
• Public and Private sectors to initiate proceedings with creation in certain areas
• For instance: bearing a piece of the expense of power age to make it reasonable for the buyers
• The public authority should spend on exercises comprising its essential obligations like giving all well-being and instruction offices