Question:
The given chart indicates the problem of ____ in the Indian Economy, post 1990-92. (Choose the correct option to fill up the blank)
The given chart indicates the problem of ____ in the Indian Economy, post 1990-92. (Choose the correct option to fill up the blank)
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Jobless growth occurs when economic growth does not translate into equivalent job creation, often due to technological advancements or shifts in the structure of the economy.
Updated On: Jun 19, 2025
- Informalisation of Workforce
- Casualisation of Workforce
- Jobless Growth
- Formalisation of Workforce
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The Correct Option is C
Solution and Explanation
The chart indicates a significant increase in GDP growth over time, but employment growth has not kept pace with it, especially post 1990-92. This situation is known as "Jobless Growth," where the economy is growing, but the growth in employment is very low or stagnant. This reflects a mismatch between economic growth and job creation.
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