In 1990's, which disheartening development was observed in relation to India's growth and employment?
Answer & explanation
Correct answer: option 1
The correct answer is Option 1: Widening gap between growth of GDP and employment
During late 1990's, employment growth started declining and reached the level of growth that India had in the early stages of planning. During these years, we also find a widening gap between the growth of GDP and employment. This means that in the Indian economy, without generating employment, we have been able to produce more goods and services.