Q. 175.0( 1 Vote )
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Answer :
In last 50 years the employment generated in the country is not commensurate with the growth of GDP in India so we can call it jobless growth.
Jobless growth is defined as a situation in which the overall growth rate of GDP in the economy is accelerated but it is not accompanied by commensurate expansion in employment opportunities.
It means that the economy is able to produce more goods and services without generating additional employment.
Since the starting of economic reforms in 1991 our economy is facing a gap between GDP growth rate and employment growth rate so we call it jobless growth.
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