Question

For the past two decades, India’s economy grew at an average rate of 7.7%, while the employment growth rate was around 1% only.

What does the above statement imply?

• A. Economic growth to employment growth ratio is 7.7 : 1.
• B. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> A staggering growth could not generate enough employment opportunities.
• C. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Approximately, every seven people in a country have a job opportunity.
• D. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Every person in the country has seven job opportunities.

Answer 1

The correct option is B <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> A staggering growth could not generate enough employment opportunities.

Unemployment is one of the crucial challenges to development faced by India. For the past two decades, India’s economy grew at an average rate of 7.7%, while the employment growth rate was around 1% only. This means that a staggering growth couldn’t generate enough employment opportunities.