New Delhi: India's leading staffing firms have generated over 5 million jobs in the last 10 years, according to Indian Staffing Federation (ISF).
ISF is an apex body of flexi-staffing industry in India.
"The flexible staffing industry has now and again proven itself as one of the key pillars necessary to sustain and accelerate the growth of the Indian economy," ISF Vice President Rituparna Chakraborty said.
Flexible staffing is making its way into the formal sector. Out of two crore flexi-staff in India, only 13 lakh are being covered under the organised sector.
According to a study conducted by National Sample Survey Organisation (NSSO), employment rates have fallen slightly for both men and women, but it has been somewhat sharper for women, falling to 22 percent in FY'12 from 29 percent in FY'05.
This ambiguity in the Indian labour market has increased the demand for flexi-staffing industry, ISF added.
First Published: Wednesday, November 20, 2013, 20:03