Practicing Success
In 1990's, which disheartening development was observed in relation to India's growth and employment? |
Widening gap between growth of GDP and employment Rate of unemployment reduced due to high industrial growth Famine and draught led to an increase in unemployment All of the above |
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. |