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.

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