Economics (NCERT) Notes

7.3 Employment Scenario in India

Growth of Employment

• During the period 1950–2010, Gross Domestic Product (GDP) of India grew positively and was higher than the employment growth.

• During this period, employment grew at the rate of not more than 2%.

• In the late 1990s, the employment growth started declining and reached the level of growth that India had in the early stages of planning.

• The gap between GDP growth and employment started widening and the GDP growth was achieved without increasing employment

• Scholars refer to this phenomenon as jobless growth.


Continue reading for Free



Related Articles
 
• 3.2 Inequality in Poverty
• 2.3 The Problem of Unemployment
• 2.2 Quality of Population
• 2.1 People as Resource
• 1.2 Increasing Agricultural Productivity
• 5.4 Case Studies of Consumer Rights
• 5.3 Consumer Protection Act
• 5.1 Consumer Rights
• 4.4 Impact of Globalization in India
• 4.2 Foreign Trade and Integration of Markets
Recent Articles
 
• 4.1 Globalization and the Indian Economy
• 3.2 Loans and Credit
• 3.1 Money and Banking
• 2.3 Organised and Unorganised Sector
• 2.2 Employment Trends in India
• 2.1 Sectors of the Indian Economy
• 6.8 Behaviour of Firms in Oligopoly
• 6.1 Non-competitive Markets
• 5.8 Applications of Supply-Demand Analysis
• 5.6 Market Equilibrium: Free Entry and Exit