Throw light on the 'formal sector' employment in the country.
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- All the public sector establishments and those private sector establishments employing 10 or more hired workers are called 'formal sector establishments'.
- It is the Union Ministry of Labour, which with the help of employment exchanges located in various parts of the country, provides information regarding the employment in the formal sector.
- In the year 2010, out of 29 million workers in the formal sector, about 18 million workers were employed by the public sector.
- Men form the majority of the formal sector workforce in comparison to women, who constitute just about $\frac{1}{6}\text{th}$ of the formal sector workforce.
- It is further stated that the reform process initiated in the early 1990's was responsible for a decline in the formal sector workforce.
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