A recent study by SBI Research highlights a significant shift in India's labour market as it transitions from agriculture to manufacturing and services. The share of workers in agriculture has declined from 66% in 1987-88 to 43% in 2023-24, indicating a structural transformation in the economy. While agriculture still employs nearly half of the workforce, its decreasing dominance underscores the challenge of generating adequate non-farm jobs. The report notes that employment in larger enterprises has improved, rising from 10.8% to 13.7% of the workforce since 2024, aided by policies like the Production Linked Incentive (PLI) program aimed at boosting domestic manufacturing. Despite these gains, informal employment remains a defining characteristic, with agriculture accounting for 42% of informal jobs, highlighting issues of income security and social protection. The labour force participation rate stands at 59.3%, with male participation at 79.1% and female at 40%, reflecting ongoing disparities. Regional variations also persist, with states like Gujarat and Karnataka benefiting from stronger industrial activities, while others struggle with limited diversification. The findings emphasize the need for policy interventions to enhance job quality and support labour-intensive industries, ensuring that economic growth translates into meaningful employment opportunities.