Do you think that In the last 50 years, employment generated in the country Is commensurate with the growth of GDP in India? How?
Do you think that In the last 50 years, employment generated in the country Is commensurate with the growth of GDP in India? How?
No. I don't think that in the last 50 years. employment generated in the country commensurates with the growth of GDP in India. In 2005, the growth rate in employment was 2.89 % while growth rate in GDP was 6.1 %. The difference between the growth rate of GDP and the growth rate of employment is indicative of the phenomenon of 'jobless growth'.
Jobless growth is defined as a situation in which there is an overall acceleration in the growth rate of GDP in the economy which is not accompanied by an expansion in employment opportunities. This means that in an economy, without generating additional employment, we have been able to produce more goods and services. This is because of the use of capital intensive methods of production.
No. I don't think that in the last 50 years. employment generated in the country commensurates with the growth of GDP in India. In 2005, the growth rate in employment was 2.89 % while growth rate in GDP was 6.1 %. The difference between the growth rate of GDP and the growth rate of employment is indicative of the phenomenon of 'jobless growth'.
Jobless growth is defined as a situation in which there is an overall acceleration in the growth rate of GDP in the economy which is not accompanied by an expansion in employment opportunities. This means that in an economy, without generating additional employment, we have been able to produce more goods and services. This is because of the use of capital intensive methods of production.
