Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Employment - Growth, Informalisation and Other Issues

Question:

There has been rapid growth in the gross domestic product, but without simultaneous increase in employment opportunities. This is known as _ _ _ _ _ _  growth.

Options:

Economic growth

Jobless growth

Vertical growth

Inclusive growth

Correct Answer:

Jobless growth

Explanation:

The correct answer is option (2) : Jobless growth

Jobless growth refers to a situation where there is significant economic expansion, as measured by indicators like GDP growth, without a corresponding increase in employment opportunities or a reduction in unemployment rates. In other words, the economy is growing, but it is not creating enough jobs to absorb the expanding workforce or to reduce unemployment levels.