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Question : 50
Total: 52
"In the late 1990's India experienced a widening gap between the growth of GDP and employment generation". Discuss.
Solution:
Yes, in the late 1990 s, India experienced a widening gap between the growth of GDP and employment generation.
Reasons:
1. India experienced jobless growth i.e., economic growth along with not much creation of job opportunities.
2. Economic reforms were introduced in India and one major step was globalisation.
3. Growth was mainly due to MNCs. These companies used highly advanced technology rather than the use of manpower. It led to jobless growth in the economy.
Reasons:
1. India experienced jobless growth i.e., economic growth along with not much creation of job opportunities.
2. Economic reforms were introduced in India and one major step was globalisation.
3. Growth was mainly due to MNCs. These companies used highly advanced technology rather than the use of manpower. It led to jobless growth in the economy.
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