What do you understand by the term "Jobless growth", which India witnessed during the late 1990's?
Answer & explanation
Correct answer: option 2
The correct answer is option 2: When generation of employment opportunity is low but GDP is growing
Jobless growth means a situation where the economy of a country is growing but no employment opportunities are being provided to the citizens. The country is able to produce goods and services without generating employment. There is a widening gap between the growth of GDP and employment.