question_answer 17)

Do you think that in the last 50 years, employment generated in the country is commensurate with the growth of GDP in India? How?

Answer:

India has been witnessing 'jobless growth' since the last few decades. Employment growth has never matched the growth In GUP since 1950. As shown in the chart below, GUP growth rate in the first five years of planning (1951-56) was 3.6% while during the same period employment grew by a meagre 0.39%. The trend continued in the second plan too it was only in the period 1961-66 that employment and GDP grew at approximately the same rates. Since then employment growth is lagging at around 2% and even lower while GDP growth has been above 5% in many of the plan periods in the past 50 years. Therefore, we can conclude that employment generated in the country has not been commensurate with the growth of GDP in India.