The nature of economic growth in india is described as jobless growth.Do you agree with this view? Give arguments in favour of your answer
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Give arguments in favor of your answer. [UPSC, 2015] Yes, India's economic growth has been jobless growth in recent times mainly due to the negative / almost zero employment elasticity. Most economic sectors in India have employment elasticity close to zero except few such as construction.
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A jobless recovery or jobless growth is an economic phenomenon in which a macroeconomy experiences growth while maintaining or decreasing its level of employment. The term was coined by the economist Nick Perna in the early 1990s.
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