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EMPLOYMENT IN KOLKATA OVERVIEW
Kolkata is the main business, commercial and financial hub of eastern India and the main port of communication for the North-East Indian states. Kolkata is home to India's oldest, and also India's second-largest stock exchange company (bourse) – The Calcutta Stock Exchange. Kolkata is home to a major port, an international airport and many nationally and internationally reputed colleges and institutions aimed at supplying a highly skilled work force. Kolkata is also home to India's and South Asia's first metro railway service – Kolkata Metro.
There are a few of the oldest and front line banks and PSUs in India—such as Uco Bank, Allahabad Bank, United Bank of India and Tea Board of India—were founded and is headquartered in Kolkata. The oldest operating photographic studio in the world, Bourne & Shepherd, is also based in the city. The Standard Chartered Bank has a major branch in Kolkata.
ECONOMIC SECTORS
As of 2001, around 0.81% of the city's workforce was employed in the primary sector (agriculture, forestry, mining, etc.); 15.49% worked in the secondary sector (industrial and manufacturing); and 83.69% worked in the tertiary sector (service industries). As of 2003, the majority of households in slums were engaged in occupations belonging to the informal sector; 36.5% were involved in servicing the urban middle class (as maids, drivers, etc.), and 22.2% were casual labourers. About 34% of the available labour force in Kolkata slums were unemployed.
Most of the slum dwellers participate in the informal economy and work in laundering, housecleaning, sweeping, plastic salvaging, plumbing, furniture making, electrical wiring, TV repair, masonry, messaging, hawking, rickshaw pulling, hair design, folk medicine, music and art, tailoring, leather work, shoe making, and food selling. Of particular note is the fact that the vast majority of Sitars made in India are produced in and around Kolkata, either as complete instruments, or as unfinished units that are then made ready for sale by sitar makers elsewhere in India. Until recently, flexible production had always been the norm in Kolkata, and the informal sector has comprised more than forty percent of the labor force. For example, hawkers in Kolkata, numbering 275,000 generated business worth Rs. 87.72 billion (around 2 billion U.S. dollars) in 2005.