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
• Q14. The Challenges of An NGO
• Q13. Protest Against An MNC
• Q11. The Difficulty of A Destitute Woman
• Q10. Rehabilitation of Adivasis
• Q9. Discharging Toxic Waste in River
• Q8. The Morality of State Bureaucracy
• Q7. Management of Anger
• Q1(b). Impartiality and Non-partisanship
• Q6. Undesirable Values Prevalent in India
• Q5. Law and Ethics for Civilized Social Existence