New Delhi, May 9 -- India's labour market is undergoing a gradual structural transformation, driven by broader economic changes, according to a report by SBI Research based on the latest Periodic Labour Force Survey (PLFS) 2025 data.

The report noted, "India's labour force is undergoing structural transformation with the share of agriculture in the workforce witnessing a modest 23 per cent decline from 66 per cent in 1987-88 to 43 per cent in 2023-24 over a 37-year period."

Despite this long-term shift, agriculture continues to employ a significant portion of the workforce, highlighting persistent dependence on the sector.

Manufacturing Push and Enterprise Trends

Employment in larger enterprises has increased, supported by policy meas...