GDP is increasing and Employment is decreasing. explain...?
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Answers
Explanation:
The Narendra Modi government's sharp focus on employment generation through Make in India and Skill India initiatives appears to have paid off, with India adding more than double the number of jobs between July and December 2014 compared to the corresponding period of the previous year. According to a labour ministry survey released on Wednesday, 2.75 lakh jobs were created in eight key sectors during the six months, an increase of 118 per cent over 1.26 lakh jobs created in the year-ago.
"While employment of direct workers went up by 1.01 lakh, hiring of contract workers was up by 16,000 during the quarter ended December, 2014 and a significant portion of the workforce were employed in units catering to the domestic market with employment in non-exporting units higher by 82,000 while number of people employed in exporting units up by 35,000 during the October-December quarter," the survey said. India created 59.9 million jobs during the previous BJP rule between 1998 and 2004.
Between 2004-05 and 2009-10, the country created just 1.1 million jobs and during 2009-10 and 2011-12, 13.9 million new jobs were added.