Question

The given chart indicates the problem of ____ in the Indian Economy, post 1990-92. (Choose the correct option to fill up the blank)

• A. Informalisation of Workforce
• B. Casualisation of Workforce
• C. Jobless Growth
• D. Formalisation of Workforce

Hint:

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.

Answer 1

The Correct Option is C

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.