Topics:
CH-6: EMPLOYMENT : GROWTH, INFORMALISATION AND OTHER ISSUES, Indian Economic Development, NCERT Books
Jobless Growth Concept
The phenomenon where GDP grows without generating proportional employment is called:
- Inclusive growth
- Jobless growth — Correct Answer
- Sustainable growth
- Balanced growth
Explanation:
Correct Answer Explanation
When an economy produces more goods and services without generating employment, scholars refer to this phenomenon as jobless growth.
Key Points:
- During 1950-2010, GDP grew higher than employment growth.
- Employment grew at the rate of not more than 2 per cent.
- In the late 1990s, employment growth started declining.
- A widening gap between GDP growth and employment growth was observed.
Why Other Options Are Wrong
- A: Inclusive growth benefits all sections of society.
- C: Sustainable growth considers environmental factors.
- D: Balanced growth ensures all sectors grow equally.
📚 About this Topic — CH-6: EMPLOYMENT : GROWTH, INFORMALISATION AND OTHER ISSUES
This multiple choice question is from CH-6: EMPLOYMENT : GROWTH, INFORMALISATION AND OTHER ISSUES, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-6: EMPLOYMENT : GROWTH, INFORMALISATION AND OTHER ISSUES to strengthen your preparation.
